How to Transition a Company to a PAPER-FREE Format?

Is it possible to exchange documents with counterparties electronically? Will such an exchange be legally significant? Is it feasible to transition a company to a “paper-free” format? And what needs to be done for this? 

These are the questions every company faces when moving from paper-based document management to electronic. The presence of such questions is justified, as the level of trust in electronic documents and electronic exchanges remains low.

Therefore, many companies are hesitant to completely abandon familiar paper carriers. One of the main reasons is the absence of a familiar signature on the document, which confirms its authenticity.

In paperless documents, the electronic digital signature (EDS) serves as the equivalent of a handwritten signature. But is a document signed with an EDS legitimate?

We are trying to understand all the legal nuances of this issue in the article "How to Transition a Company to a “paper-free” Format", published in the National Business magazine.