Are Electronic Signatures Enough? Understanding Perfection By Possession In Canada's Digital Era

Remote working is no longer a foreign concept. AI is on the rise. Business transactions are being closed on cell phones rather than in boardrooms. The commercial world is having to adapt to growing demands for convenience and mobility in business dealings; one such response is the uptick in the use of digital signatures in the years since the COVID 19 pandemic. Some legislators have been quick to respond, others have not – resulting in ambiguity and potential inconsistencies in approach. What is apparent though is that this topic is at the forefront of lending lawyers' minds, as the relevant players look to balance the desire for accessibility and ease, with the needs of creditors to maintain the legal protections afforded to them.