Come to think of it, I remember "signing" pdfs in adobe reader by clicking a form field that produced a signature similar to[1]:
John Smith
Digitally signed by
CN=John Smith
[...]
This would satisfy the "ceremony" requirement. According to adobe[2] it looks like you can do this with self signed certificates, so it's completely free as well. But this option is significantly less popular than hellosign/docusign. I guess the value-add for them is having a web interface, but I'm not convinced it's worth the $150/year (significantly more for "business" or "enterprise" plans) for a web interface that essentially signs pdfs with self-signed certificates.[1] https://helpx.adobe.com/content/dam/help/en/acrobat/11/using...
[2] https://helpx.adobe.com/acrobat/11/using/signing-pdfs.html#S...
I think docusign has the best sustinct summary of the bare requirements needed for a electronicly signed document to be recognized as legally binding.
https://www.docusign.com/learn/us-electronic-signature-laws-...
Without a tool like HelloSign you need to email the document to each person one by one to get everyone to sign on the same "paper". It's a mess and takes up a lot of time and coordination.
With HelloSign (and other similar tools), you can just send out an email with a link to everyone at once. They can sign the document asynchronously in whichever order they want, and when everyone has done that, you get a notification.
(At a past job I was asked to work on a digital signature product and very much the core and just about only requirement was digital ink square that worked on an iPad. Everything else didn't matter so long as they had some bitmap of some scrawl that someone attempted with a finger or an iPad stylus.)
Want a green check box in reader, provider cumbersome instructions for your end users to trust public cert . Or pay adobe their annual fee for a special signing cert..