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ARTICLE · 09 APRIL 2020

Signing Procedure For Closing Transactions

Mayer Brown
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In the wake of the COVID-19 pandemic, in-person meetings and human interactions in closed spaces have become prohibitive in the global environment. As it is customary in Mexico to hold a meeting...

MexicoCoronavirus (COVID-19)
Raúl Fernández-Briseño
Raúl Fernández-Briseño
Jan Boker
Jan Boker
Jessica Solis
Jessica Solis
Romina Fernández
Romina Fernández
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In the wake of the COVID-19 pandemic, in-person meetings and human interactions in closed spaces have become prohibitive in the global environment. As it is customary in Mexico to hold a meeting with the parties in a conference room, the new reality impacts usual procedures for closing transactions.

Electronic signatures and "wet" signatures (under the below mechanics) are two possible solutions when in-person meetings are not possible.

Electronic Signature (e-signature)

Under Mexican law, parties can grant consent verbally, by written form, by electronic means, by optical means or through other technology, among other forms.1 All of these means for granting consent have the same legal effects to a "wet" signature.2 Some types of agreements require certain additional formalities to be enforceable, such as notarization, but most agreements do not require additional formalities to be valid as long as there is consent. Commercial transactions which require by law

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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