Electronic Signature Agreement Statement Template for Malaysia

The Electronic Signature Agreement Statement serves as a crucial document for organizations transitioning to digital documentation and signature processes in Malaysia. This agreement becomes necessary when implementing electronic signature solutions to ensure compliance with Malaysian legislation, particularly the Electronic Commerce Act 2006 and Digital Signature Act 1997. It establishes the legal framework for accepting electronic signatures, defines security protocols, and outlines implementation procedures. The document helps organizations modernize their operations while maintaining legal compliance and security standards, making it essential for businesses seeking to digitize their documentation processes.

1. Parties: Identification of all parties entering into the agreement, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement and purpose for implementing electronic signatures in the organization or between parties

3. Definitions: Detailed definitions of key terms including 'electronic signature', 'digital signature', 'electronic document', and other relevant technical and legal terms

4. Scope and Purpose: Clear statement of what types of documents and transactions will be covered by the electronic signature agreement

5. Legal Recognition: Statement acknowledging that electronic signatures are legally valid and binding under Malaysian law, with specific reference to the Electronic Commerce Act 2006

6. Implementation and Process: Description of how electronic signatures will be implemented and the process for executing documents electronically

7. Security Requirements: Mandatory security measures and protocols for ensuring the authenticity and integrity of electronic signatures

8. Record Keeping: Requirements for maintaining records of electronically signed documents and audit trails

9. Governing Law: Specification that the agreement is governed by Malaysian law and reference to relevant legislation