Part 9: Signing in to the digital age
Taiwanese Bubble Tea has been making an impact internationally and is a great example of one of the trendy and lucrative businesses that has gained traction globally.
Foreign trade has been spearheading the growth of Taiwan’s economy for the past few decades. As a key country on the economic rise, Taiwan is a hot spot for foreign businesses to set up a branch of their office.
With international business in the modern era, its important to know where different countries stand on e-signatures.
Taiwan has enacted the Electronic Signatures Act and adopts a tiered legal framework.
Read on to learn more about the legal compliance for electronic signatures in Taiwan specifically ,and watch out for more in this series on Southeast Asia, Hong Kong, China, New Zealand, Australia, UK, Cayman Islands, and BVI.
Article 4: With the consent of the other party, an electronic record can be employed as a declaration of intent.
Where a law or regulation requires that information be provided in writing, if the content of the information can be presented in its integrity and remains accessible for subsequent reference, with the consent of the other party, the requirement is satisfied by providing an electronic record.
Article 9: Where a law or regulation requires a signature or seal, with the consent of the other party, the requirement is satisfied by using an electronic signature.
Applicability of an Electronic Signature
Article 9 – By stipulation of a law or regulation or prescription of a government agency, the application of the preceding paragraph may be exempted, or otherwise require that particular technology or procedure be followed. In the event that particular technology or procedure is required, the stipulation or prescription shall be fair and reasonable, and shall not provide preferential treatment without proper justifications.
By Will Elton
Founded in 2013, Zegal is the fastest growing LegalTech company operating across Asia Pacific and Europe. Today, business users and lawyers across the globe trust Zegal’s software to solve legal problems in an affordable and efficient way.
Zegal is led by a talented team of 60 employees and has offices in Hong Kong, Singapore, Nepal, Australia, New Zealand, and the UK.
Zegal has been featured in the New York Times, Forbes, and Huffington Post, and was recently recognised in the South China Morning Post as an emerging LegalTech company in the artificial intelligence space.