Yes. Electronic signatures are legally binding
and recognized as a substitute for handwritten signatures by various countries across the world.
There are local nuances and legality that may vary slightly based on the governing authorities, but they usually define how an electronic signature needs to be captured to deem them legal. Primarily, this pertains to ensuring that the person signing the document was the correct person, had the intent to sign, and the process can be audited for compliance.
We advise you to check with your local legal counsel to affirm if an electronic signature is valid in your country and if there are any special requirements for the business process.