* Signature is a complex individual identity of full name which only that person can sign in that same slang, writing curvature and handwriting. Whereas initial could mean any person of that same initial. So depending upon the importance of document signature and initial used.
* Signature is a 'Sign of acceptance' of any contract or document, whereas Initial is a 'Sign of recognition' alone.
Ex: If a document of pages given to approve, every page must be initailled at the end to show you have read/recognised that page and must signature only at the end to accept the document as a whole.
* Very important documents definitely requires a signature like property transfer, banking etc and not initial, whereas initial is enough for simple sign of recognition like courier, gas, electricity etc
* In legal aspect, both Signature & Initial are 'equally legal' and bound to. But, in case of any forgery or claim of forgery, signature prevails. If no signature, it's not accepted in a problematic situation, because anyone can have similar initials and sign it. So, in case of legal problem only 'Signature prevails'
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