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The signature requirements pertain the legal or contractual requirements in order to make a legally effective declaration of intent or a legally binding contract.
Possibility to replace a specific formal requirement of making a binding declaration of intention
Specific formal requirement of making a binding declaration of intention can be replaced with an electronic form (digital document with a qualified electronic signature).
Presence of any specific formal requirements to effectively conclude a loan agreement
There are no specific formal requirements to effectively conclude a loan agreement. It essentially has to fit in what is required for a contract to be effective.
Process of conclusion of a contract by using a qualified electronic signature in practice
There are no vendors and they do not need a license or registration.
Legal consequences to a contract in case of not fulfilling formal requirements
The contract becomes void.
Usual practice of signing contractual agreements in the B2B sector
They are signed in written form.
Usual practice of signing contractual agreements in the B2C sector
They are signed in written form principally, however, electronic signatures are sparingly used in identified areas.