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Re:Ask HN: Why is Docusign a $50B company? by snowwrestler on Saturday November 27, 2021 @07:32PM (#29365038)
I don’t think this premise is correct; I don’t know of any evidence that courts accord any special status to Docusign’d documents, over other ways of electronically signing contracts.

The concept doesn’t even make sense to me… Docusign is not attesting to the contracts they manage. They’re not an automated notary. They’re just facilitating something that anyone can do themselves: electronically sign a contract.

There probably is a “nobody got fired for buying Docusign” effect, but it would be supported by their mindshare, not some special status in courts. The vast, vast majority of Docusigned docs will never end up in a court anyway (most contracts are never litigated).

Re:Ask HN: Why is Docusign a $50B company? by 88913527 on Saturday November 27, 2021 @10:06PM (#29365825)
I'm almost afraid to ask since it's such a given, but do employees actually get fired for choosing the wrong vendor? I've heard it repeated in quite a few contexts, and I'm unsure if I should interpret it literally. At worst, I would expect the executive has a slightly tarnished reputation for picking what ended up being a bad partner.
Re:Ask HN: Why is Docusign a $50B company? by reuven on Sunday November 28, 2021 @01:56AM (#29366794)
I'm not an employee, and didn't exactly get fired -- but I chose a cloud vendor for a client that seemed like the best choice at the time, with what I knew. The client was over-the-moon happy that we had found something to satisfy his needs. After switching, his costs went down dramatically, and his downtime went to zero (from rather high, which is why he brought me in). He was happy to sign a contract with the vendor

Then, about two months later, the client got into an accelerator, where they got free AWS credits. Suddenly, my choice didn't seem as good -- mostly because paying nothing is cheaper than paying something. (Never mind that the vendor I had gone with had stellar service, which was one of the reasons we chose them.)

The client told the cloud provider that I had been unauthorized to speak on the company's behalf (untrue), that no one had told him we were signing a contract (not true), and tried to wiggle out of the contract (which went nowhere). That didn't go anywhere. So he got angry with me, and canceled our consulting agreement.

As it happens, that client was simultaneously trying to figure out how to pay for taxes and pensions, and was getting rid of some other people. So it wasn't a direct cause-and-effect. But it did happen.

And this is yet another reason why I've been delighted to get out of the "regular" consulting world, and switch to only doing training.

Re:Ask HN: Why is Docusign a $50B company? by rkagerer on Sunday November 28, 2021 @03:38AM (#29367245)
The client told the cloud provider that I had been unauthorized to speak on the company's behalf (untrue)

Apropos of nothing, it's funny how nearly every single consulting contract I've seen which has been prepared by an attorney on the client side tries to slip in a clause like "you shall not act on our behalf or hold yourself out as having authority to obligate or bind us", when that's actually exactly what they're looking to hire me to do (eg. "Please come manage our projects, employees, customer relationships, vendors, banking relationships, products, research branch" or whatever else the role entails).

Re:Ask HN: Why is Docusign a $50B company? by james_in_the_uk on Sunday November 28, 2021 @04:07AM (#29367388)
In legal terms, they’re not exactly the same.

You are managing the projects etc. as a service being provided under contract.

You are not being granted actual authority to act as an agent of the company.

The clause they are slipping in actually protects you both. If you are appointed as an agent (expressly or by implication) then you become a fiduciary for them which might give you obligations that aren’t necessary spelled out in the contract.

So, this isn’t a clause most well advised people push back on.

If they do still need to sign on behalf of the company in some discreet situations they look into getting a limited power of attorney instead. Safer and clearer for both parties.

Not legal advice of course. I assume your own attorney would have explained this to you anyway.

Re:Ask HN: Why is Docusign a $50B company? by jokethrowaway on Sunday November 28, 2021 @06:29AM (#29368057)
Wow, that guy dodged a bullet by not going with aws free credits. After a year he would have ended up being locked in aws and paying tons more.
Re:Ask HN: Why is Docusign a $50B company? by reuven on Sunday November 28, 2021 @09:47AM (#29369297)
He did go with the AWS free credits. And then spent a long time getting angry with me and trying not to pay me, because I had supposedly cost him so much, and he wanted to dump the other server company. Sigh.
Re:Ask HN: Why is Docusign a $50B company? by sofixa on Sunday November 28, 2021 @11:44AM (#29370350)
You aren't necessarily locked in AWS just by using it. Less and less so in fact, with the advent of Kubernetes. Even before that, a "classical" app with an autoscaling group or two, load balancer, and managed database aren't something that will take an enormous amount of time to move to another provider. Basically the main complexity would be transferring the data and the cutover, but you get that regardless of provider.
Re:Ask HN: Why is Docusign a $50B company? by irq on Sunday November 28, 2021 @02:52AM (#29367037)
> switch to only doing training

Tell us more about this transition? Sounds interesting!

Re:Ask HN: Why is Docusign a $50B company? by reuven on Sunday November 28, 2021 @09:50AM (#29369310)
I've only been doing Python training for a few years now. I've made more money, had more flexibility, and been happier than at any previous time in my consulting career (which started in 1995).

Here are two interviews I've given on the subject:

- https://devjourney.info/Guests/83-ReuvenLerner.html - https://doubleyourfreelancing.com/business-freelancing-episo...

I'm always happy to talk about training. I love it, and recommend that everyone in the consulting world look into it more.

I also have a training newsletter, at https://TrainerWeekly.com/.

Re:Ask HN: Why is Docusign a $50B company? by doanerock on Sunday November 28, 2021 @12:14PM (#29370665)
Yaha he sounds pretty bad at business.
Re:Ask HN: Why is Docusign a $50B company? by somesortofthing on Saturday November 27, 2021 @10:24PM (#29365923)
It could maybe happen if the consequences of a vendor choice are both disastrously bad and easily foreseeable. Otherwise, no, not really. The person who chooses the vendor(or their successor, in which case this whole question is moot) is probably going to be the highest-up person in the company to learn that the vendor was a bad choice, so no one with hiring power over them is going to learn of the mistake unless it spirals wildly out of control.

The quote is better interpreted as "certain vendors are mainstream enough that nobody above you is going to even question your reasoning for choosing that vendor"

Re:Ask HN: Why is Docusign a $50B company? by jareklupinski on Saturday November 27, 2021 @10:47PM (#29366017)
i have seen this

the partner company sent us an implementation doc that was full of red flags, "just send your private API key to the client packed deep in a nested JSON and ROT13 it to authenticate requests, users aren't technical enough to unpack it" sort of place

after I kicked it back to the director saying there was no way I was going to sign my name to that jank code, they tried implementing it themselves anyway, and were found out during a routine "check if API keys are leaking" job

Re:Ask HN: Why is Docusign a $50B company? by wombatpm on Saturday November 27, 2021 @11:10PM (#29366098)
I have only seen it happen when it turns out the vendor is shadow owned by a senior executive. Usually ends bad for the executive
Re:Ask HN: Why is Docusign a $50B company? by hiptobecubic on Sunday November 28, 2021 @03:46AM (#29367282)
> Usually ends bad for the executive

"Survivor" bias here. I imagine on average it ends excellently for the executive.

Re:Ask HN: Why is Docusign a $50B company? by Rastonbury on Sunday November 28, 2021 @05:16AM (#29367737)
Yes for some products they might not get fired but their professional reputations are ruined. To be honest, I've seen execs get replaced (shuffled internally downward) after bad projects (large delays, overbudget). For failures in implementations in things like ERP upgrades/migrations which are multiyear and go into double digit millions, these are F500-1000 companies so executives are known failures can become public or even litigated. No one wants to be the CTO/CFO who went for a risky vendor and have it blow up. There is nothing to gain and much to lose cause failures are pretty rare but not unheard of.
Re:Ask HN: Why is Docusign a $50B company? by throwaway7033 on Sunday November 28, 2021 @07:45PM (#29374992)
> I'm almost afraid to ask since it's such a given, but do employees actually get fired for choosing the wrong vendor? I've heard it repeated in quite a few contexts, and I'm unsure if I should interpret it literally. At worst, I would expect the executive has a slightly tarnished reputation for picking what ended up being a bad partner.

It wasn't just picking the wrong vendor but one of our competitors got a new CTO after a critical system was poorly migrated to the cloud.

Re:Ask HN: Why is Docusign a $50B company? by stjohnswarts on Sunday November 28, 2021 @11:10AM (#29369978)
If something goes wrong that wouldn't have gone wrong if you'd not penny pinched and got the better known vendor then you absolutely can get fired. And yes I've seen it. Only a couple of times though in my 18-year career. Both were manufacturing delays that cost the companies a LOT of money. Naturally the execs who approved it had zero consequences, both times it was a scapegoat floor level engineer.
Re:Ask HN: Why is Docusign a $50B company? by chasd00 on Sunday November 28, 2021 @07:30AM (#29368403)
I’ve seen it but not over something like docusign. When the price tag is in the millions per year there’s a lot at stake so if things go bad heads roll.
Re:Ask HN: Why is Docusign a $50B company? by judge2020 on Saturday November 27, 2021 @08:06PM (#29365248)
Having an audit log of access (both email and IP address) is extremely useful if someone asks "did this person actually perform the e-signature". You can then perform motions regarding whether their email has compromised and, if needed, go to their ISP for IP assignment records to see if their account (mobile or home internet) was assigned to that IP. Docusign being the source of authority for the validity of the original IP<->signature log completes the chain of trust and allows this sort of validity defense to work.
Re:Ask HN: Why is Docusign a $50B company? by Teever on Saturday November 27, 2021 @08:35PM (#29365400)
I've always felt that this is the kind of service that a government should offer. It seems a little silly to have to pay a private entity for this kind of service and also a bit unreasonable that a private entity like Docusign is so enmeshed with the legal system.
Re:Ask HN: Why is Docusign a $50B company? by sushsjsuauahab on Saturday November 27, 2021 @08:41PM (#29365418)
The government can barely keep a port open or bomb a proper target, and we want to give them control over what is true and what isn't?
Re:Ask HN: Why is Docusign a $50B company? by Teever on Saturday November 27, 2021 @08:46PM (#29365439)
Would you advocate for the privatization of the entire justice system?
Re:Ask HN: Why is Docusign a $50B company? by sushsjsuauahab on Saturday November 27, 2021 @09:32PM (#29365667)
That depends-- have you ever had something stolen from you, which you then reported to police, after which nothing happened?
Re:Ask HN: Why is Docusign a $50B company? by lostcolony on Saturday November 27, 2021 @10:04PM (#29365818)
Sure, but that isn't the question.

Do you prefer mandatory arbitration to being able to use the public court system? That's a privatized justice system.

Re:Ask HN: Why is Docusign a $50B company? by sushsjsuauahab on Sunday November 28, 2021 @12:29AM (#29366439)
Considering that most cases of theft don't end up in public courts? Yes I'd be happy to go to mandatory arbitration.
Re:Ask HN: Why is Docusign a $50B company? by dragonwriter on Sunday November 28, 2021 @03:33AM (#29367219)
Mandatory arbitration is only mandatory by way of the public court system.
Re:Ask HN: Why is Docusign a $50B company? by SahAssar on Sunday November 28, 2021 @05:24PM (#29373709)
Mandatory arbitration is mandatory in the sense that it takes the normal justice system away, if as the parent posits the normal justice system does not exist then everything becomes "Mandatory arbitration", right?
Re:Ask HN: Why is Docusign a $50B company? by dragonwriter on Sunday November 28, 2021 @05:49PM (#29373989)
> Mandatory arbitration is mandatory in the sense that it takes the normal justice system away

No, it is mandatory in the sense that parties will be obliged by the normal justice system to submit to the specified process and will be held bound by the results by the normal justice system (with narrow exceptions.)

> if as the parent posits the normal justice system does not exist then everything becomes "Mandatory arbitration", right?

No, if the normal justice system does not exist, there is nothing holding anyone to a particular pre-specified arbitration process or enforcing the results of that process.

Re:Ask HN: Why is Docusign a $50B company? by Teever on Saturday November 27, 2021 @11:58PM (#29366290)
No, I haven't personally but I'm assuming that you have. If that is the case did you end up hiring a private detective and security force to remediate your circumstance?
Re:Ask HN: Why is Docusign a $50B company? by sushsjsuauahab on Sunday November 28, 2021 @12:28AM (#29366433)
I did not, but only because in my case the monetary damage was not sufficient to pursue it. I would have liked to have seen those responsible be prosecuted for it, though.

If the monetary damage was high enough vis-a-vis the ability of the public system to deliver me restitution for my losses, I'd very quickly be hiring private detectives yes.

Re:Ask HN: Why is Docusign a $50B company? by Teever on Sunday November 28, 2021 @03:20AM (#29367147)
How do you imagine the outcome would have been different in a hypothetical world with an entirely privatized justice system?
Re:Ask HN: Why is Docusign a $50B company? by jokethrowaway on Sunday November 28, 2021 @06:43AM (#29368112)
I was in this situation, I lost roughly 2k£. I tried to go to court for 8k£ in small claims which is what the law allowed for as a compensation for the crime.

This guy got arrested by the police, he was released and then run away to Dubai where he's from. He came back after a month and opened a company under a false name and started doing the same scam. I knew his address, I reported everything to the police and the police dropped the case without doing anything.

I'm already paying 25+k£ in taxes every year. If I didn't have to spend that and there would be no police or laws, private companies (aka burly guys with guns) would be needed to ensure citizens safety, in exchange for a fee. Different private companies would need to interact with each other to settle down cases, eventually agreeing on a set of laws to compensate people subjected to crimes.

In this hypothetical world, I would have been happy to pay for my protection agency to go and fetch this individual and bring him to a private court where my protection agency and his protection agency could debate whether the crime happened or not.

It was a blatant crime so there was no reason I would lose and that guy should have been forced to return my money (according to laws agreed on by contracts between our private protection agencies) or work in jail until I'm repaid.

Re:Ask HN: Why is Docusign a $50B company? by smoe on Sunday November 28, 2021 @07:21AM (#29368342)
How does this hypothetical world not end up with people that can afford to hire the more powerful protection agency be favored in those settlements?

Not that I'm happy with the current system, but I can't really see how a privatized one would not end up with an even bigger class divide where the laws are only enforced against people that are on the same level as you or below.

Re:Ask HN: Why is Docusign a $50B company? by jokethrowaway on Tuesday November 30, 2021 @08:43AM (#29391960)
Because private court systems would have a reputation as well. You can also have 3rd party companies auditing and reviewing the system. If a court system is notably unfair, it will lose business.

I don't see why corrupting a private judge would be easier than corrupting a public one.

The private one at least could default if they had no more business due to their unfairness.

Re:Ask HN: Why is Docusign a $50B company? by Fazel94 on Sunday November 28, 2021 @11:32AM (#29370227)
You realize you have been treated the same as somebody that 2k was all his belongings and now walked without cash to the private security firm :))))

For what history says about such firms, look up Pinkerton agents and London's policing before the current system.

Re:Ask HN: Why is Docusign a $50B company? by jokethrowaway on Tuesday November 30, 2021 @03:49PM (#29397288)
The difference is that I'm paying quite a bit for the government.

An equivalent would be paying the expensive private security firm subscriptions for 10 years and then expecting service when something bad happens.

Re:Ask HN: Why is Docusign a $50B company? by owisd on Sunday November 28, 2021 @07:33AM (#29368422)
In this hypothetical world you’d be paying way more in protection money than you are currently paying in taxes to the local mafia gang who would have long murdered all the other private protection agencies.
Re:Ask HN: Why is Docusign a $50B company? by jokethrowaway on Tuesday November 30, 2021 @08:46AM (#29391991)
The local mafia gang would be just one of the private protection agencies with armed forces.

There is definitely a competition between them; but is violence or negotiation the most business effective way of dealing with it?

Warfare is expensive, you risk men lives and weapons aren't cheap.

If there is violence on the street or if protection money is too high, no-one would want to live there and there would be less people to sustain your army.

I think the incentives are aligned to solve disputes in a pacific way.

Re:Ask HN: Why is Docusign a $50B company? by tjalfi on Sunday November 28, 2021 @07:49PM (#29375018)
The UK used to have private prosecution. If you're interested in this topic, there's a chapter on it in the book Legal Systems Very Different From Our Own.
Re:Ask HN: Why is Docusign a $50B company? by rmbyrro on Saturday November 27, 2021 @09:18PM (#29365590)
At least where I live, private arbitration is well appreciated: much faster, cheaper and reliable than the judicial system. So, yes, here I'd advocate most of the judicial system to be privatized.
Re:Ask HN: Why is Docusign a $50B company? by rectang on Saturday November 27, 2021 @10:25PM (#29365930)
Where I live (USA), private arbitration is definitely preferred by many corporations who require it, and despised by the people who are forced into it.

See for example, "The Problem of Sexual Harassment and Forced Arbitration": https://www.correiaputh.com/news/problem-sexual-harassment-f...

Re:Ask HN: Why is Docusign a $50B company? by drdaeman on Saturday November 27, 2021 @10:41PM (#29365997)
It's not an issue with private arbitration per se, it's an issue of being practically forced into it under unreasonable terms with no alternative options.
Re:Ask HN: Why is Docusign a $50B company? by rectang on Saturday November 27, 2021 @11:21PM (#29366133)
The fact that you can't do that with the public courts but you can with private arbitration makes it an issue with private arbitration.

Parties with fewer resources are at a huge disadvantage in either system, but there are degrees of disadvantage. It is misleading to examine the outcome of arbitration once the rules are "agreed" to without taking into account that the process of setting the rules strongly influences said outcome.

Re:Ask HN: Why is Docusign a $50B company? by drdaeman on Saturday November 27, 2021 @11:41PM (#29366207)
If private arbitration is not forced upon you, then there is no problem. Thus, it's not a private arbitration issue, it's forced and unappealable private arbitration issue, which is a different matter (not the thing itself but how this thing is applied)
Re:Ask HN: Why is Docusign a $50B company? by Natsu on Saturday November 27, 2021 @10:42PM (#29365998)
> Would you advocate for the privatization of the entire justice system?

What if that meant that people could fire their police department and replace it with a different one if they didn't like the way it operated?

Re:Ask HN: Why is Docusign a $50B company? by aniforprez on Saturday November 27, 2021 @10:58PM (#29366056)
IS that in any way feasible or realistic? I don't ever see this even being possible considering the police department is not only going to have more resources, it is in their vested interest to stay in power and are only going to be more aggressive. This seems like a terrible idea
Re:Ask HN: Why is Docusign a $50B company? by Natsu on Saturday November 27, 2021 @11:12PM (#29366103)
> IS that in any way feasible or realistic?

That would depend on exactly how things were set up, but we do it with politicians who have all the same bad incentives to keep power.

Re:Ask HN: Why is Docusign a $50B company? by anandrew on Sunday November 28, 2021 @11:08AM (#29369964)
And how would they collectively decide whether to fire the police or not? Maybe via.. voting?
Re:Ask HN: Why is Docusign a $50B company? by Teever on Saturday November 27, 2021 @11:56PM (#29366281)
Do you have any examples of societies where this is possible through a privatization mechanism?
Re:Ask HN: Why is Docusign a $50B company? by jokethrowaway on Sunday November 28, 2021 @06:45AM (#29368121)
Not modern ones, but medieval Iceland worked: https://mises.org/library/medieval-iceland-and-absence-gover...
Re:Ask HN: Why is Docusign a $50B company? by tjalfi on Sunday November 28, 2021 @07:51PM (#29375030)
David Friedman's Legal Systems Very Different From Our Own has a chapter on the Icelandic legal system.
Re:Ask HN: Why is Docusign a $50B company? by jokethrowaway on Sunday November 28, 2021 @06:32AM (#29368068)
It's a resounding yes from me.

Even law making and law enforcing please.

Governments are incompetent by definition and hold too much power. I'd rather have a N local corporations competing against each other and not being able to extract money from everyone's profit - compared to a massive monopoly governing and profiting off millions of people.

Re:Ask HN: Why is Docusign a $50B company? by Bombthecat on Sunday November 28, 2021 @05:46AM (#29367880)
Judge dredd would be proud!
Re:Ask HN: Why is Docusign a $50B company? by vkou on Saturday November 27, 2021 @09:05PM (#29365531)
The government already has that control for one of the most important bits of 'truth', its called a land registry.
Re:Ask HN: Why is Docusign a $50B company? by sushsjsuauahab on Saturday November 27, 2021 @09:31PM (#29365660)
Which itself is underpinned by a complex web of private title insurance companies and real estate lawyers who have to waste time and money attempting to convince a judge of what reality really is.
Re:Ask HN: Why is Docusign a $50B company? by MertsA on Sunday November 28, 2021 @08:38AM (#29368800)
At its core it seems like identity services are something that the government should be the source of truth for. They're already being used for that in one way or another whether it's checking a driver's license or SSN, but those are misused in terrible terrible ways by private companies. I should not be in a position of having to treat what was originally a mundane identification number as some extremely privileged permanent and unchanging password. It would not be technically onerous for the federal government to establish a secure federal identification standard. Giving every US citizen and residents an identification card much like what's already widespread within the DoD for CAC cards (Yes I'm aware the last "C" stands for card). Ditch SSN cards, driver's licenses, and other generic state ID cards and unify with one purpose built identity system instead of a hodge-podge of separate ones between the states and federal government. Ban the use of SSNs for anything after an effective date and require proof that some contract predates this deadline to have anything even tangentially related to SSN admitted in court.

I just wish someone would drag both political parties kicking and screaming into the modern age. Give Republicans their voter ID requirements they claim to want so much and give Democrats mandatory widespread adoption for every citizen homeless or otherwise. Make it mandatory to even pay income tax.

Re:Ask HN: Why is Docusign a $50B company? by TedDoesntTalk on Saturday November 27, 2021 @08:29PM (#29365369)
DocuSign does not have that source of authority exclusively. Competitors also have it.
Re:Ask HN: Why is Docusign a $50B company? by judge2020 on Saturday November 27, 2021 @09:23PM (#29365619)
I agree, competitors like HelloSign and Adobe Sign are pretty feature-complete and would have just as much brand recognition, and do have these same audit log features that specifically help with verifying the authenticity of documents in court. If I had to guess on why people might still choose docusign, it'd be because Docusign was the first on the scene and has the brand recognition - people are going to recognize it more often than if you mention a lower-marketshare competitor like "PandaDoc"[0]. Another reason is probably how the cost difference between competitors is such a low amount of admin overhead that it doesn't matter if you save a few thousand a year in costs or not.

0: https://techcrunch.com/2021/09/22/pandadoc-the-e-document-st...

Re:Ask HN: Why is Docusign a $50B company? by RC_ITR on Sunday November 28, 2021 @12:09AM (#29366342)
Long story short, google FEDramp.

Docusign is the only current major e-sign platform that works with the federal government (Adobe is applying).

If you have to pick one vendor and there’s even an outside chance you’ll interface with the fed govt, you just choose Docusign.

Re:Ask HN: Why is Docusign a $50B company? by cormacrelf on Sunday November 28, 2021 @01:04AM (#29366586)
I haven't read all the legislation in the world on this, but DocuSign has. They have been summarising legislation into their knowledge base, and proudly showing off claims that they satisfy the requirements on their country-specific homepages. For example their page on Australian laws is here https://www.docusign.com/how-it-works/legality/global/austra..., and it summarises (almost verbatim) the Electronic Transactions Act 1999 (Cth)'s requirements like so:

> A method [...] is used to identify the signer and to indicate the signer’s intention to sign the document;

> The method used is as reliable as appropriate for the purposes of the communication or is proven to identify the person and indicate their intention; and

> The signer consents to the method used, with such consent allowed to be express or inferred from the circumstances.

Guess what? Australian courts apparently accept a name written at the bottom of an email as passing this test as being "as reliable as appropriate" for many situations. The barrier to entry in Australia is essentially zero. Europe has much stricter laws, introduced in the same year, in a two-tier arrangement where the strict version requires something like DocuSign, and moreover that the ability to produce a signature rests in the control of the person it identify, and that person only. (This paper http://www5.austlii.edu.au/au/journals/MqLawJl/2017/9.pdf argues for adopting the European approach in Australia.) A sibling comment identifies the US federal government's requirements as being essentially "we must approve individual e-sig services for use with the federal government", which is insane to me but there you go.

> Docusign is not attesting to the contracts they manage

... but they are attesting that they have read the laws about e-signatures, those claims are affirmed by their continued existence, and that's worth a lot of time otherwise spent second-guessing your chosen platform.

I knew roughly the position in Australia, but wasn't aware of the European requirements -- DocuSign has done a medium amount of work researching and documenting their compliance to give you peace of mind, and quite a lot of work complying with the stricter laws that are out there. There's nothing in that that is particularly difficult to replicate, i.e. there's no secret sauce, it's just a lot of work. The overall product (works for doing business with anyone you need it to) is more than the sum of its parts.

Re:Ask HN: Why is Docusign a $50B company? by dash2 on Sunday November 28, 2021 @04:42AM (#29367578)
This is a lot of legal knowledge. But not $50bn worth. I'm guessing the real story is DocuSign is trying to worm its way into being a de facto monopoly, maybe by paying enough lobbyists, and the $50bn is the bet that they'll be successful. Multiplied up a bit by the fact that we've been living in a free-money world, where castles in the air get pick-a-number valuations.
Re:Ask HN: Why is Docusign a $50B company? by laurent92 on Sunday November 28, 2021 @01:36AM (#29366707)
IANAL, but the law says in France, anything with a written name as a signature is valid, although I suppose with limitations, but it is very clear that an email with a signature is enough for child custody agreements, and theoretically an SMS would be enough too, although I don’t know if the SMS has been tested in court. Apart from harassment cases.
Re:Ask HN: Why is Docusign a $50B company? by namibj on Sunday November 28, 2021 @02:09AM (#29366842)
Germany differentiates between "Schriftform" and "Textform". The former is "paper, hand signed" or "qualifizierte elektronische Signatur" (qualified electronic signature), the latter "basically SMS and up" (notably excluding voice, AFAIK even if recorded).

This has (just searched for a link) been turned into EU law under the term "eIDAS Regulation" [0].

[0]: https://en.wikipedia.org/wiki/Qualified_electronic_signature

Re:Ask HN: Why is Docusign a $50B company? by necovek on Sunday November 28, 2021 @05:26AM (#29367778)
> As such, DocuSign is unlikely to be valid as a qualified electronic signature in Germany or other European countries.

I think this confirms my guess above: https://www.docusign.com/how-it-works/electronic-signature/d...

(But they are making it vague on purpose instead of just stating in plain words)

Re:Ask HN: Why is Docusign a $50B company? by necovek on Sunday November 28, 2021 @05:20AM (#29367753)
Qualified electronic signatures are a bit stronger than "SMS and up": from your own Wikipedia link, "a qualified electronic signature is an advanced electronic signature with a qualified digital certificate that has been created by a qualified signature creation device (QSCD)". It mentions 3 requirements right after that sentence (like "data used to create the signature is under the sole control of the signatory").

As such, DocuSign is unlikely to be valid as a qualified electronic signature in Germany or other European countries.

But in all of the contractual law ever present in the world, as long as you do not dispute that it's your signature, or there are witnesses to you agreeing to a contract (even verbal ones), a contract would hold as if signed by you.

Re:Ask HN: Why is Docusign a $50B company? by necovek on Sunday November 28, 2021 @05:43AM (#29367866)
This page confirms it isn't: https://www.docusign.com/how-it-works/legality/global/german...

> ...the use of electronic signatures or requires that the “written form” be used (which requires use of a qualified electronic signature), then any non-qualified electronic signature may be used.

As such, DocuSign is an "electronic signature", but not a qualified electronic signature. This seems to be defined directly in eIDAS, so it probably applies to most of EU countries, and countries on the path to joining the EU.

Re:Ask HN: Why is Docusign a $50B company? by detaro on Sunday November 28, 2021 @05:45AM (#29367871)
You misread that: "SMS and up" is the description for Textform = the variant that doesn't require a qualified electronic signature.
Re:Ask HN: Why is Docusign a $50B company? by necovek on Sunday November 28, 2021 @06:34AM (#29368073)
Ah, right, upon more careful reading, that's indeed so: my apologies!