Public website – England and Wales
clicktopurchase® satisfies the legal requirements of the Law of Property (Miscellaneous Provisions) Act 1989 which requires a contract for the sale or other disposition of an interest in land in England and Wales to be in writing and signed. The platform provides an extremely high level evidential weight of the signing party’s intention. In addition, we have had regard to Regulation (EU) No 910/2014, the eIDAS Regulation which establishes a legal framework for electronic signatures in Europe.
clicktopurchase® provides an intelligent and easy to use online execution process which provides Digitally Signed Documents of the Offer (offer-to-treat) and formed Contract for the sale and purchase of a property. The Signed Document is tamper-proof, verifiable and validated, and is distributed across storage locations for maximum safety.
The digital signatures are created using Public Key Infrastructure technology. Encrypted documentation is hashed using Secure Hash Algorithm 512; the hash is added to the Memorandum of Sale.
Benefits:
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Statistics and Audit Trail Evidence
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Data Encrypted in X509 Certificate (A cryptographic standard defining public key certificates)
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Certificate provided by Trusted Root Authority (hence, a certified Authority which issues the signing certificate used to create the digital signature)
The Signed Document is stored
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in a secure cloud location
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In an offline location
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Available for download by all parties
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Recorded in Blockchain
The Signed Document is
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Tamper proof – any character change is detected
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Verifiable – the data must be reconcilable with the clicktopurchase® data
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Validated – the document is checked against Master copies in storage
