In the old days, actually almost a few decades ago, we were all used to doing signatures in a traditional format where wet/ink signatures or physical fingerprints were used to stick as signatures on document. These signatures are nothing but an agreement on the part of the signer that the terms and conditions mentioned in the contract together with the parties known to the signer are accepted by the signer. That directly means he agrees to sign the contract. 

However, now that the world has changed, we are all becoming a loyal digital consumer in some way or another. In such a situation, how can we continue to sign the old, traditional way? 

Therefore, digital signature software was introduced. The technology is starting to receive good demand in the market and worldwide, necessary laws have been established to regulate this technology and streamline its use for legal support and protected/approved by court of law.

What is an E-contract? 

Is an agreement created and ‘signed’ electronically? E-contracts don’t need to use paper. A specific example is a contract you write on your computer to send to a business partner, who will then email back with an digital signature indicating acceptance of the agreement.

Expression by electronic data message 

Expression is the most prominent feature of E-contracts. Unless otherwise discussed by the parties, the offer to enter into the contract and the acceptance of the conclusion of the contract shall be expressed through an electronic data message. In signing a contract, there are at least 3 parties involved. In addition to the two ordinary parties such as a paper contract, which are the seller and the buyer, in an E-contract there is also a third party that is closely linked to the E-contract – that is, the parties providing the contract. network service application, and digital signature certification authority.

The third party does not participate in the signing process, but only participates as a support organization to ensure the effectiveness and legality for the conclusion and performance of the E-contract. The scope of application is somewhat limited. Article 1 of the Law on Electronic Transactions 2005 stipulates that electronic transactions can only be applied in a few specific fields: activities of State agencies; in the civil, business, commercial and other fields prescribed by law but not applicable to the issuance of certificates of land use rights, ownership of houses and other real estate, documents on inheritance, marriage certificate, divorce decision, birth certificate, death certificate, bill of exchange and other valuable papers. 

Borderless 

The two parties to the contract do not need to contact directly because the E-contract is set up in the form of a data message. That is, at any time and place, both parties can actively enter into a contract. 

Intangibility, immaterial 

E-contracts are intangible and immaterial, that is, they exist, are proven and stored by electronic data that cannot be sensed by touch, because the electronic environment is a digitized environment. 

Modernity and accuracy E-contracts are signed using modern technical means, this is the modernity of the contract, and is the result of the development of science, technology and technology in the past this session. From there, it also brings accuracy to the transaction. In the 4.0 era, in the future, E-contracts will be a new trend to gradually replace traditional paper contracts.

Protection of personal data If implementing an E-contract, insurers will need to pay attention to the provisions on the protection of personal data of customers, which are now stipulated in the Law on Cyber ​​​​Information Security 2015. , Law on Cybersecurity 2018, Law on Information Technology 2006, Law on Electronic Transactions 2005, Law on Protection of Consumer Rights 2010, etc. In addition, the Government of Vietnam is also developing a Decree providing for protection. personal data, which sets out the principles of personal data protection, is generally built on the basis of international practices that insurers will need to refer to[19] and comply with in the future is as follows: 

Legal principle: Personal data is collected only in cases where it is necessary in accordance with the law. 

Principle of purpose: Personal data is only processed in accordance with the registered purpose, the declaration of processing personal information. 

Principle of minimalism: Personal data is collected only to the extent necessary to achieve the defined purpose. 

Principle of limited use: Personal data is only used with the consent of the data subject or with the permission of the competent authority in accordance with the law. 

Principles of data quality: Personal data must be updated, complete to ensure the purpose of data processing. 

Security principles: Personal data protection measures are applied during the processing of personal data. 

Privacy Principles: Data subjects are made aware of and receive notice of their personal data processing activities. 

Privacy principle: Personal data must be kept confidential during data processing.  

Dispute resolution by litigation Along with the implementation of E-contracts, insurers can build data review tools (especially can apply artificial intelligence and big data technology). , equipment security measures are provided to insurance agents to check and detect abnormal signs (deception, profiteering) in order to take timely measures, including refusing to sign a contract. , termination/cancellation of contracts, lawsuits, criminal denunciations, etc. 

The results of the above technological measures will exist in the form of data messages, and as stated above, data messages will not be denied the value of being used as evidence and will have proven value in the proceedings if any. reliability is based on factors such as how the data message is generated, stored or transmitted, how to ensure and maintain the integrity of the data message, how the originator is identified, and other factors. other suitable. 

In addition, the Civil Procedure Code 2015 and the Criminal Procedure Code 2015 provide that electronic data can be a source of evidence. Therefore, the aforementioned data, if generated based on highly reliable technologies, can be provided to the government agency and can be examined (if further clarification is required) to evidence in the proceedings. The above are some of our opinions related to the implementation of e-contracts in the life insurance business in accordance with Vietnamese law.

Please note that this article is not a comprehensive legal opinion for any particular case. Please consult an expert in case you encounter related legal issues.

1. Depends on the web – The key issue with e-contracts is that you need a computer system and a network connection to access the e-contract. This means that you cannot access the contract at a time when you cannot use your computer or electronic device. 
2. Insufficient storage space – Some companies have limited storage space on their servers making it impossible to save all documents. Possibly saved to third party storage, but may be privacy related in some cases. If the company uses a server that is not tightly protected, it will lead to security problems. 
3. Risk of system failure – For some reason, the computer system or web server crashes can lead to the deletion of all data from that system, which means the loss of all data. documents related to the contract and even the contract were printed. 
4. Less secure – Digital signatures have weak or no security, or are more likely to provide tamper protection. So even E-contracts are vulnerable and insecure. 
5. Reliance on proprietary third-party software – digital signatures used in E-contracts rely on proprietary software, which can be a concern for businesses that do not want to depend on other suppliers in contracting as this may lead to problems of confidentiality or secrecy. 
6. Reluctance to use E-contracts 

– Some people still prefer paper contracts. They may not be willing to accept the idea of ​​an E-contract. It is possible that there is no appropriate software on the system, or simply do not know how to use it.

FPT.eContract or E-contract is used for the following cases: 

Bank Finance: 

– Open an account at home 

– Notice of service agreement change

– Make procedures for loans remotely Insurance 

– Open an insurance policy 

– Signing vouchers for payment of fees, limit change, renewal 

– Signing the voucher of limit change 

– Signing Real Estate Contract Renewal Documents 

– Sign and pay the rental contract 

– Deposit agreement 

– Purchase and sale contract Labor contract 

– Sign labor contracts for factories and organizations with a large number of employees 

– Sign human resource service contracts for seasonal positions 

Healthcare 

– Register for medical examination and treatment 

– Pay fees, sign service invoices 

– Signing with partners and service providers for hospitals

 Multidisciplinary 

– Sale contract 

– Brokerage contract 

– The order 

– Test records 

Education 

– Contract signed between the School and the teacher 

– Contract signed between the school and the student’s parents 

– Contract signed between the University and service providers: meals, books, notebooks, extracurricular activities… 

– Contract signed between the University and agencies at all levels 

Travel 

– Framework contract with suppliers, service providers of restaurants, food and beverage, amusement parks – traditional partners, car services, hotels, restaurants. 

– Cooperation contract with tourism partners for domestic and foreign transactions in the form of inbound and outbound 

– Individual tour contract signed for each incident 

– Various internal document files, multi-party signing process, many forms including review, autograph, authenticated personal photo signature, digital signature

For more information, please contact FPT E-contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Advise me

What is an E-contract? 

An E-contract is a digital contract created and signed digitally. E-contracts can be created online to be emailed to stakeholders to enable them to sign contracts electronically through their mobile devices. 

The electronic signature made on the electronic document / contract shows that the singer signed the contract after careful review, he accepts the terms and conditions mentioned in the digital contract and voluntarily agree to that contract. After digitally signing the document, the signer shares it with the document creator as a final step. 

All the names of the parties connected to the document perform the same process. There is a more common type of E-contract in the form of “click to agree”. We see such types of E-contracts when we download any software or want to install it into the computer system. Here the user must click on the “I agree” checkbox to display the content of the terms and conditions of installation of the software.

Expression by electronic data message 

Expression is the most prominent feature of E-contracts. Unless otherwise discussed by the parties, the offer to enter into the contract and the acceptance of the conclusion of the contract shall be expressed through an electronic data message.

In signing a contract, there are at least 3 parties involved. In addition to the two ordinary parties such as a paper contract, which are the seller and the buyer, in an E-contract there is also a third party that is closely linked to the E-contract – that is, the parties providing the contract. network service application, and electronic signature certification authority. The third party does not participate in the signing process, but only participates as a support organization to ensure the effectiveness and legality for the conclusion and performance of the E-contract. 

The scope of application is somewhat limited. Article 1 of the Law on Electronic Transactions 2005 stipulates that electronic transactions can only be applied in a few specific fields: activities of State agencies; in the civil, business, commercial and other fields prescribed by law but not applicable to the issuance of certificates of land use rights, ownership of houses and other real estate, documents on inheritance, marriage certificate, divorce decision, birth certificate, death certificate, bill of exchange and other valuable papers. 

Borderless The two parties to the contract do not need to be in direct contact because the E-contract is set up in the form of a data message. That is, at any time and place, both parties can actively enter into a contract. 

Intangibility, immateriality E-contracts are intangible, immaterial, i.e. exist, demonstrated and stored by electronic data that cannot be perceived by touch, due to the electrical environment death is a digitized environment. 

Modernity and accuracy E-contracts are signed using modern technical means, this is the modernity of the contract, and is the result of the development of science, technology and technology in the past this session. From there, it also brings accuracy to the transaction. In the 4.0 era, in the future, E-contracts will be a new trend to gradually replace traditional paper contracts.

#1: Ensure uninterrupted business process 

#2: Cost savings in the contract signing process 

#3: Improve customer experience 

#4: Capture market share

One downside of using a digital contract is that you are relying on web access or your computer system. If you are in a location with no network access, especially in rural areas, you may not be able to access your digital contract when you need it most. 

Risk of system crash: If your online storage system or internal computer system crashes, you could lose your data, including your online contract. Some people don’t like to use Some customers prefer paper contracts. If paper is something they are used to, they may not want to use digital software. 

Furthermore, it is important to remember that some customers may not have the appropriate software on the device to contract with, or may not know how to use it. Print, sign, scan contracts and email – can be too complicated for some people.

For more information, please contact FPT E-contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact FPT eContract

What is digital signature? 

According to Decree 26/2007/ND-CP of the Government: “Digital signature” is a form of electronic signature created by transforming a data message using an asymmetric cryptographic system in which the person who obtained the original data message and the signer’s public key can be accurately identified.” A digital signature is a form of electronic signature based on public encryption technology. More simply, a digital signature can be understood as a form of electronic signature based on public encryption technology. It acts as a signature for individuals or a seal for businesses and is legally recognized. Digital signatures are signed on documents and digital documents such as word, excel, pdf… These documents are used for online tax payment, electronic customs declaration and other electronic transactions. It doesn’t need to use paper and ink, it attaches identifying characteristics of the parties signing a certain undertaking.

A digital signature will smooth the process of signing any document and keep everything safe and secure. … Being able to authenticate documents while remaining secure, improving efficiency and reducing costs is why the use of digital signatures is so important to organizations today. Plus, you can’t cut paper from a digital signature!

Digital signature in electronic insurance certificate The digital signature is provided and authenticated by FPT.eContract Accordingly, when the customer successfully completes the steps of filling in information and making payment, the competent officer will verify identify and sign. Immediately, the e-Certificate will be stored on the application and the download link of the e-Certificate will also be sent via SMS. The digital signature in the electronic insurance certificate is provided to the policyholder through the following roles: – Confirming that the person signing the data message is the insurance company Insurance – Confirms consent with the content of the signed data message. At the same time, the digital signature is also a proof of the legal validity of the insurance certificate provided by the validator on the application.

Principles of ensuring sufficient reliability of e-contracts in e-commerce transactions The process of forming, storing and managing e-contracts ensures that contract information is not leaked (ON-PREMISE, HASH) -SIGNING) An electronic contract with an electronic seal authenticated by the Ministry of Industry and Trade Ensure the process of verifying contract content over time in accordance with the law, regardless of changes in technology

Types of electronic contracts The parties all use Digital Signatures A combination of Digital Signatures and eKYC One party uses a digital signature and secures the other party according to the agreed contract conclusion process

– The conclusion and drafting of electronic contracts must comply with the provisions of this Law and the law on contracts. 

– When concluding and drafting an electronic contract, the parties have the right to discuss technical requirements, authentication, conditions to ensure integrity and confidentiality related to such electronic contract.

FPT.eContract or electronic contract is used for the following cases: 

Bank Finance: 

– Open an account at home 

– Notice of service agreement change

– Make procedures for loans remotely Insurance 

– Open an insurance policy 

– Signing vouchers for payment of fees, limit change, renewal 

– Signing the voucher of limit change 

– Signing Real Estate Contract Renewal Documents 

– Sign and pay the rental contract 

– Deposit agreement 

– Purchase and sale contract Labor contract 

– Sign labor contracts for factories and organizations with a large number of employees 

– Sign human resource service contracts for seasonal positions 

Healthcare 

– Register for medical examination and treatment 

– Pay fees, sign service invoices 

– Signing with partners and service providers for hospitals

 Multidisciplinary 

– Sale contract 

– Brokerage contract 

– The order 

– Test records 

Education 

– Contract signed between the School and the teacher 

– Contract signed between the school and the student’s parents 

– Contract signed between the University and service providers: meals, books, notebooks, extracurricular activities… 

– Contract signed between the University and agencies at all levels 

Travel 

– Framework contract with suppliers, service providers of restaurants, food and beverage, amusement parks – traditional partners, car services, hotels, restaurants. 

– Cooperation contract with tourism partners for domestic and foreign transactions in the form of inbound and outbound 

– Individual tour contract signed for each incident 

– Various internal document files, multi-party signing process, many forms including review, autograph, authenticated personal photo signature, digital signature

Why does the world sign electronically?

E-signing is rapidly growing due to its outstanding advantages 

• Allow cross-border and cross-border trade in services. 
• Companies that begin their digital transformation journey with the adoption of e-signatures and other digital technologies achieve 70%-80% in efficiency improvements. 
• Businesses using e-signatures close 17% more transactions than non-users.

Factors driving the development of e-signature

1. Wide range of policies to support the legality of electronic signing 
2. Internet and cloud computing enable organizations and users to conduct online transactions from anywhere 
3. The wave of digital transformation applies the latest technologies to help solve operational optimization problems and eliminate paperwork 
4. Social distancing and teleworking, increasing demand for secure connections and online transactions amid the COVID-19 Pandemic 5. Security concerns and help reduce fraud A feature-rich, easy-to-use e-signing solution on a wide range of devices, meeting the latest security standards and helping to increase operational efficiency and save costs. 

Digital Signing Transactions Digital Signature Transactions grew from 89 million to 754 million in just 5 years Global Digital Signing Market Growing at a CAGR of 26.6% during the forecast period ( 2021–2030). * According to Revitas, 2015 * According to FortunebusinessInsights, 2020

First, the fact that this method does not need to use paper has helped businesses solve the problem of cost, time and resources from printing, transportation, to signing, storing and preserving. contract. 

In addition, all processes will be carried out in an electronic environment, so security and safety will be maximized. 

Another advantage when converting to electronic contracts is that customers can perform digital signatures simultaneously, anytime, anywhere, on many devices without meeting or contacting directly. Not to mention the benefits of streamlining procedures, this method is also particularly suitable and effective in the context of the Covid-19 epidemic, ensuring that the signing can take place smoothly, without worrying about interruptions and delays. malfunction. 

In electronic transactions, information security is always a top important factor that businesses are extremely concerned about. With standard operation, all data about the business as well as the transaction process is committed to maximum security. 

On the other hand, this form also helps to limit the situation of impersonation and fraud that directly affects businesses. In short, when signing contracts electronically, businesses can receive the following practical benefits: 

Simultaneous digital signature, anytime, anywhere 

Maximum data security, information safety 

No-touch, no-contact process 

Easy management – safe storage 

Shorten time – reduce costs

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Advise me

What is an Electronic Contract? 

Is an agreement created and ‘signed’ electronically? Paperless Electronic Contracts. A specific example is a contract you compose on your computer to send to a business partner, who will then email back with an electronic signature indicating acceptance of the agreement.

Expression by electronic data message 

Expression is the most prominent feature of electronic contracts. Unless otherwise discussed by the parties, the offer to enter into the contract and the acceptance of the conclusion of the contract shall be expressed through an electronic data message. In signing a contract, there are at least 3 parties involved. 

In addition to the two ordinary parties such as a paper contract, which are the seller and the buyer, in an electronic contract there is also a third party that is closely linked to the electronic contract – that is, the parties providing the contract. network service application, and electronic signature certification authority. 

The third party does not participate in the signing process, but only participates as a support organization to ensure the effectiveness and legality for the conclusion and performance of the electronic contract. The scope of application is somewhat limited. Article 1 of the Law on Electronic Transactions 2005 stipulates that electronic transactions can only be applied in a few specific fields: activities of State agencies; in the civil, business, commercial and other fields prescribed by law but not applicable to the issuance of certificates of land use rights, ownership of houses and other real estate, documents on inheritance, marriage certificate, divorce decision, birth certificate, death certificate, bill of exchange and other valuable papers. 

Borderless The two parties to the contract do not need to be in direct contact because the electronic contract is set up in the form of a data message. That is, at any time and place, both parties can actively enter into a contract. 

Intangibility, immateriality Electronic contracts are invisible, immaterial, that is, exist, are proven and stored by electronic data that cannot be perceived by touch, due to the electrical environment. death is a digitized environment. 

Modernity and accuracy An electronic contract is signed using modern technical means, this is the modernity of the contract, and is the result of the development of science and technology in the past this session. From there, it also brings accuracy to the transaction. In the 4.0 era, in the future, electronic contracts will be a new trend to gradually replace traditional paper contracts.

First, the fact that this method does not need to use paper has helped businesses solve the problem of cost, time and resources from printing, transportation, to signing, storing and preserving. contract. In addition, all processes will be carried out in an electronic environment, so security and safety will be maximized. 

Another advantage when converting to electronic contracts is that customers can perform digital signatures simultaneously, anytime, anywhere, on many devices without meeting or contacting directly. Not to mention the benefits of streamlining procedures, this method is also particularly suitable and effective in the context of the Covid-19 epidemic, ensuring that the signing can take place smoothly, without worrying about interruptions and delays. malfunction. 

In electronic transactions, information security is always a top important factor that businesses are extremely concerned about. With standard operation, all data about the business as well as the transaction process is committed to maximum security. 

On the other hand, this form also helps to limit the situation of impersonation and fraud that directly affects businesses. In short, when signing contracts electronically, businesses can receive the following practical benefits: Simultaneous digital signatures, anytime, anywhere Maximum data security, safety information Touchless, contactless process Easy management – safe storage Shorten time – reduce costs

1. Depends on the web 

– The key issue with e-contracts is that you need a computer system and a network connection to access the e-contract. This means that you cannot access the contract at a time when you cannot use your computer or electronic device. 

2. Not enough storage space 

– Some companies have limited storage space on their servers making it impossible to save all documents. Possibly saved to third party storage, but may be privacy related in some cases. If the company uses a server that is not tightly protected, it will lead to security problems. 

3. Risk of system failure 

– For some reason, the computer system or web server crashes can lead to the deletion of all data from that system, which means the loss of all documents related to the contract and even Even the contract is printed. 

4. Less Security 

Electronic signatures have weak or no security, or are capable of providing tamper protection. So even electronic contracts are vulnerable and insecure. 

5. Reliance on proprietary third-party software 

– Electronic signatures used in electronic contracts are based on proprietary software, which can be a concern for businesses that do not want to depend on other vendors to sign contracts because it can lead to to matters of confidentiality or secrecy. 

6. Reluctance to use electronic contracts 

– Some people still prefer paper contracts. They may not be willing to accept the idea of ​​an electronic contract. It is possible that there is no appropriate software on the system, or simply do not know how to use it.

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact FPT eContract

What is an electronic contract? 

An electronic contract is a digital contract created and signed digitally. E-contracts can be created online to be emailed to stakeholders to enable them to sign contracts electronically through their mobile devices. 

The electronic signature made on the electronic document / contract shows that the singer signed the contract after careful review, he accepts the terms and conditions mentioned in the digital contract and voluntarily agree to that contract. 

After digitally signing the document, the signer shares it with the document creator as a final step. All the names of the parties connected to the document perform the same process. There is a more common type of electronic contract in the form of “click to agree”. We see such types of electronic contracts when we download any software or want to install it into the computer system. Here the user must click on the “I agree” checkbox to display the content of the terms and conditions of installation of the software.

According to Article 33 of the Law on Electronic Transactions No. 51/2005/QH11 dated November 29, 2005 stipulating on Electronic Contracts: “An electronic contract is a contract established in the form of a data message in accordance with the provisions of law. provisions of this Law”. According to the provisions of Article 34 of the Law on Electronic Transactions No. 51/2005/QH11, Article 34 on recognition of the legal value of an electronic contract: “The legal value of an electronic contract cannot be denied just because the contract is valid. that contract is represented in the form of a data message”. 

According to the provisions of Article 36 of the Law on Electronic Transactions No. 51/2005/QH11 on entering into electronic contracts: “1. Concluding an electronic contract is the use of data messages to conduct part or all of a transaction in the process of entering into a contract. 2. In entering into a contract, unless otherwise agreed by the parties, the request to enter into a contract and accept the conclusion of the contract may be made through data messages. 

According to the provisions of Clause 3, Article 3 of Decree No. 52/2013/ND-CP dated May 16, 2013 on e-commerce: “3. Electronic documents in commercial transactions (hereinafter referred to as electronic documents for short) are contracts, proposals, notices, confirmations or other documents in the form of data messages given by related parties. to enter into or perform a contract”. 

According to the provisions of Clause 1, Article 119 of the Civil Code No. 91/2015/QH13 dated November 24, 2015 on the form of civil transactions: “1. Civil transactions are expressed verbally, in writing or by specific acts. Civil transactions through electronic means in the form of data messages according to the provisions of the law on electronic transactions are considered written transactions.

An electronic contract requires ensuring the same contents as a paper contract, including: The object of the contract; Quality quantity; Price, payment method; Time, place and method of contract performance; Rights and obligations of each party; Liability if breach of contract; Ways to resolve disputes. 

In addition, the electronic contract also requires additional contents: 

– Legal address: in addition to the normal postal address, the electronic contract also requires an email address, a website, an address specifying the date and time of the place to send the data message, etc. These addresses have important meanings to determine the certainty, the actual existence of the contracting parties as the subject of the conclusion of an electronic contract. 

– Rules on access and rectification of electronic information. Such as withdrawing or canceling a contractual agreement on the Internet. 

– Rules on electronic signatures or other methods such as passwords, codes, etc. to identify valuable information about the contracting parties. – Detailed regulations on electronic payment methods. For example, payment by credit card, electronic money, e-wallet, etc., because payments in electronic contracts are also often made through electronic means.

Principles of ensuring sufficient reliability of e-contracts in e-commerce transactions The process of forming, storing and managing e-contracts ensures that contract information is not leaked (ON-PREMISE, HASH) -SIGNING) An electronic contract with an electronic seal authenticated by the Ministry of Industry and Trade Ensure the process of verifying contract content over time in accordance with the law, regardless of changes in technology

FPT.eContract or electronic contract is used for the following cases: 

Bank Finance: 

– Open an account at home 

– Notice of service agreement change 

– Make procedures for loans remotely Insurance 

– Open an insurance policy 

– Signing vouchers for payment of fees, limit change, renewal 

– Signing the voucher of limit change

– Signing Real Estate Contract Renewal Documents 

– Sign and pay the rental contract 

– Deposit agreement 

– Purchase and sale contract Labor contract 

– Sign labor contracts for factories and organizations with a large number of employees

– Sign human resource service contracts for seasonal positions 

Healthcare 

– Register for medical examination and treatment 

– Pay fees, sign service invoices 

– Signing with partners and service providers for Multidisciplinary hospital

– Sale contract 

– Brokerage contract 

– The order 

– Test records 

Education 

– Contract signed between the School and the teacher 

– Contract signed between 

School and Students’ Parents 

– Contract signed between the University and service providers: meals, books, notebooks, extracurricular activities… 

– Contract signed between the University and agencies at all levels 

Travel 

– Framework contract with suppliers, service providers of restaurants, food and beverage, amusement parks – traditional partners, car services, hotels, restaurants.

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact now

What is E-contract?

An electronic contract is a digital contract created and signed digitally. E-contracts can be created online to be emailed to stakeholders to enable them to sign contracts electronically through their mobile devices. The electronic signature made on the electronic document / contract shows that the singer signed the contract after careful review, he accepts the terms and conditions mentioned in the digital contract and voluntarily agree to that contract.

After digitally signing the document, the signer shares it with the document creator as a final step. All the names of the parties connected to the document perform the same process. There is a more common type of electronic contract in the form of “click to agree”. We see such types of electronic contracts when we download any software or want to install it into the computer system. Here the user must click on the “I agree” checkbox to display the content of the terms and conditions of installation of the software.

In most cases, the parties are not in direct contact with each other 

Non-physical: In most cases, no handwriting and no handwritten signatures Very high risk factor due to suboptimal security Violation adjudication is a major obstacle to electronic contracts There is no single authority to oversee the entire process, especially for bundled contracts. The digital signature of the electronic contract is used as evidence in court if necessary .

Three main means of electronic contract: Email, Website www , and cyber contract Click to agree Online contract. Topic content includes: Real goods. In which goods are ordered, paid online and delivered Digital products such as software can be ordered Other services: stocks, financial advice, e-banking,…

#1: Ensure uninterrupted business process 

#2: Cost savings in the contract signing process 

#3: Improve customer experience 

#4: Capture market share

1. Depends on the web 

– The key issue with e-contracts is that you need a computer system and a network connection to access the e-contract. This means that you cannot access the contract at a time when you cannot use your computer or electronic device. 

2. Not enough storage space 

– Some companies have limited storage space on their servers making it impossible to save all documents. Possibly saved to third party storage, but may be privacy related in some cases. If the company uses a server that is not tightly protected, it will lead to security problems. 

3. Risk of system failure 

– For some reason, the computer system or web server crashes can lead to the deletion of all data from that system, which means the loss of all documents related to the contract and even Even the contract is printed. 

4. Less Security 

Electronic signatures have weak or no security, or are capable of providing tamper protection. So even electronic contracts are vulnerable and insecure. 

5. Reliance on proprietary third-party software 

– Electronic signatures used in electronic contracts are based on proprietary software, which can be a concern for businesses that do not want to depend on other vendors to sign contracts because it can lead to to matters of confidentiality or secrecy. 6. Reluctance to use electronic contracts 

– Some people still prefer paper contracts. They may not be willing to accept the idea of ​​an electronic contract. It is possible that there is no appropriate software on the system, or simply do not know how to use it.

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact FPT eContract

Nowadays, information technology is developing day by day. Electronic insurance policy is widely used and popularized and it offers many benefits. What is an e-insurance contract? The following article will help you better understand the electronic insurance contract.

Electronic contract

It can be seen that the issue of authenticating the subject of the insurance contract as well as the process of implementing the life insurance contract is very important. With current technology, digital signatures can be a solution that has some advantages over handwritten signatures, with a relatively complete legal basis and technically feasible. The use of digital signatures will not pose the problem of forging signatures as in the case of hand-signing. 

Insurance contracts and related documents, if digitally signed, will show the exact time of signing, can easily be kept and have the value of proving the signing subject within the validity period of the insurance policy. A digital certificate issued by an organization providing digital signature certification services, as well as being considered a written contract according to regulations. If the digital signature is not recognized on a document, the owner or manager of the digital signature will be obliged to prove that his digital signature has been illegally used (such as being deceived, mistaken, stolen digital signature device), but will still be responsible for the consequences resulting from not fully complying with digital signature management measures. 

In addition, insurers can also require insurance agents to use digital signatures to manage, ensure transparency and honesty in insurance agents’ activities, and increase trust in insurance agents. trust and improve the customer experience. For example, the insurer can request the insurance agent to update and confirm the contract performance process with the insurer and the customer with a digital signature (such as when the customer pays the fee in cash). The agent must update and digitally sign on the insurance application (app) to confirm with both the customer and the insurer).

The use of electronic means, including e-contracts, will change the way life insurance contracts are arranged, signed and executed, but will not diminish or replace the role of the agent. insurance. Insurance agents will still be the main force to approach customers, introduce and sell products, guide, explain, provide information, and with the implementation of electronic transactions, quality, transparency Transparency and honesty in the activities of insurance agents will be better guaranteed and insurance agents who do not comply with the law and business ethics will be eliminated.

The set of electronic insurance contracts must contain the following documents: 

List of insurance policies: the table of contents automatically redirects to the page with documents to view. Insurance certificate. Insurance claim file. Table showing insurance benefits. Other insurance transaction documents (If any). 

Rules and terms of insurance products: 

Customers click on each product item to see the corresponding terms approved by the Ministry of Finance. Each insurance company will have different storage requirements.

However, the process is amazingly simple and offers customers the following benefits: 

Eliminate application submission time 

No need to sign and return the application 

Reduce processing time 

Policy approval and faster delivery 

Protect your customers with digital signatures for life insurance policies 

Secure the registration process 

Benefit from a secure end-to-end registration process, resulting in signatures with real legal value.

Reduce handling costs 

Optimize your task management and reduce costs associated with contract creation and tracking by digitizing your entire application process. Speed ​​Up Policy Availability Send your customers their life insurance policies to be checked and logged in in just a few clicks from any device.

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact FPT eContract

What is E-contract?

An electronic contract is a digital contract created and signed digitally. E-contracts can be created online to be emailed to stakeholders to enable them to sign contracts electronically through their mobile devices. The electronic signature made on the electronic document / contract shows that the singer signed the contract after careful review, he accepts the terms and conditions mentioned in the digital contract and voluntarily agree to that contract.

After digitally signing the document, the signer shares it with the document creator as a final step. All the names of the parties connected to the document perform the same process. There is a more common type of electronic contract in the form of “click to agree”. We see such types of electronic contracts when we download any software or want to install it into the computer system. Here the user must click on the “I agree” checkbox to display the content of the terms and conditions of installation of the software.

In most cases, the parties are not in direct contact with each other 

Non-physical: In most cases, no handwriting and no handwritten signatures Very high risk factor due to suboptimal security Violation adjudication is a major obstacle to electronic contracts There is no single authority to oversee the entire process, especially for bundled contracts. The digital signature of the electronic contract is used as evidence in court if necessary .

Three main means of electronic contract: Email, Website www , and cyber contract Click to agree Online contract. Topic content includes: Real goods. In which goods are ordered, paid online and delivered Digital products such as software can be ordered Other services: stocks, financial advice, e-banking,…

#1: Ensure uninterrupted business process 

#2: Cost savings in the contract signing process 

#3: Improve customer experience 

#4: Capture market share

1. Depends on the web 

– The key issue with e-contracts is that you need a computer system and a network connection to access the e-contract. This means that you cannot access the contract at a time when you cannot use your computer or electronic device. 

2. Not enough storage space 

– Some companies have limited storage space on their servers making it impossible to save all documents. Possibly saved to third party storage, but may be privacy related in some cases. If the company uses a server that is not tightly protected, it will lead to security problems. 

3. Risk of system failure 

– For some reason, the computer system or web server crashes can lead to the deletion of all data from that system, which means the loss of all documents related to the contract and even Even the contract is printed. 

4. Less Security 

Electronic signatures have weak or no security, or are capable of providing tamper protection. So even electronic contracts are vulnerable and insecure. 

5. Reliance on proprietary third-party software 

– Electronic signatures used in electronic contracts are based on proprietary software, which can be a concern for businesses that do not want to depend on other vendors to sign contracts because it can lead to to matters of confidentiality or secrecy. 6. Reluctance to use electronic contracts 

– Some people still prefer paper contracts. They may not be willing to accept the idea of ​​an electronic contract. It is possible that there is no appropriate software on the system, or simply do not know how to use it.

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact FPT eContract

What is an Electronic Contract? 

Is an agreement created and ‘signed’ electronically? Paperless Electronic Contracts. A specific example is a contract you compose on your computer to send to a business partner, who will then email back with an electronic signature indicating acceptance of the agreement.

Expression by electronic data message 

Expression is the most prominent feature of electronic contracts. Unless otherwise discussed by the parties, the offer to enter into the contract and the acceptance of the conclusion of the contract shall be expressed through an electronic data message. In signing a contract, there are at least 3 parties involved. 

In addition to the two ordinary parties such as a paper contract, which are the seller and the buyer, in an electronic contract there is also a third party that is closely linked to the electronic contract – that is, the parties providing the contract. network service application, and electronic signature certification authority. 

The third party does not participate in the signing process, but only participates as a support organization to ensure the effectiveness and legality for the conclusion and performance of the electronic contract. The scope of application is somewhat limited. Article 1 of the Law on Electronic Transactions 2005 stipulates that electronic transactions can only be applied in a few specific fields: activities of State agencies; in the civil, business, commercial and other fields prescribed by law but not applicable to the issuance of certificates of land use rights, ownership of houses and other real estate, documents on inheritance, marriage certificate, divorce decision, birth certificate, death certificate, bill of exchange and other valuable papers. 

Borderless The two parties to the contract do not need to be in direct contact because the electronic contract is set up in the form of a data message. That is, at any time and place, both parties can actively enter into a contract. 

Intangibility, immateriality Electronic contracts are invisible, immaterial, that is, exist, are proven and stored by electronic data that cannot be perceived by touch, due to the electrical environment. death is a digitized environment. 

Modernity and accuracy An electronic contract is signed using modern technical means, this is the modernity of the contract, and is the result of the development of science and technology in the past this session. From there, it also brings accuracy to the transaction. In the 4.0 era, in the future, electronic contracts will be a new trend to gradually replace traditional paper contracts.

First, the fact that this method does not need to use paper has helped businesses solve the problem of cost, time and resources from printing, transportation, to signing, storing and preserving. contract. In addition, all processes will be carried out in an electronic environment, so security and safety will be maximized. 

Another advantage when converting to electronic contracts is that customers can perform digital signatures simultaneously, anytime, anywhere, on many devices without meeting or contacting directly. Not to mention the benefits of streamlining procedures, this method is also particularly suitable and effective in the context of the Covid-19 epidemic, ensuring that the signing can take place smoothly, without worrying about interruptions and delays. malfunction. 

In electronic transactions, information security is always a top important factor that businesses are extremely concerned about. With standard operation, all data about the business as well as the transaction process is committed to maximum security. 

On the other hand, this form also helps to limit the situation of impersonation and fraud that directly affects businesses. In short, when signing contracts electronically, businesses can receive the following practical benefits: Simultaneous digital signatures, anytime, anywhere Maximum data security, safety information Touchless, contactless process Easy management – safe storage Shorten time – reduce costs

1. Depends on the web 

– The key issue with e-contracts is that you need a computer system and a network connection to access the e-contract. This means that you cannot access the contract at a time when you cannot use your computer or electronic device. 

2. Not enough storage space 

– Some companies have limited storage space on their servers making it impossible to save all documents. Possibly saved to third party storage, but may be privacy related in some cases. If the company uses a server that is not tightly protected, it will lead to security problems. 

3. Risk of system failure 

– For some reason, the computer system or web server crashes can lead to the deletion of all data from that system, which means the loss of all documents related to the contract and even Even the contract is printed. 

4. Less Security 

Electronic signatures have weak or no security, or are capable of providing tamper protection. So even electronic contracts are vulnerable and insecure. 

5. Reliance on proprietary third-party software 

– Electronic signatures used in electronic contracts are based on proprietary software, which can be a concern for businesses that do not want to depend on other vendors to sign contracts because it can lead to to matters of confidentiality or secrecy. 

6. Reluctance to use electronic contracts 

– Some people still prefer paper contracts. They may not be willing to accept the idea of ​​an electronic contract. It is possible that there is no appropriate software on the system, or simply do not know how to use it.

For more information, please contact FPT Electronic Contract:

Phone: 1900.636.191

Email: fpt.econtract@fpt.com.vn

Website: econtract.fpt.com.vn/

Contact FPT eContract