Electronic contracts: More than a "virtual" reality

Electronic contracts: More than a "virtual" reality

The Electronic Signatures in Global and National Commerce Act (E-SIGN), which was signed into law on June 30, 2000, and which takes effect on October 1, 2000, secures, for the first time, nationwide recognition for certain contracts signed, sealed, and delivered electronically. E-SIGN provides that...

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Veröffentlicht in:Banking & Financial Services Policy Report 2000-08, Vol.19 (13), p.7
Hauptverfasser: Marcy Ressler Harris, Singhvi, Nikhil
Format: Artikel
Sprache:eng
Schlagworte:
Banking law
Contracts
Cryptography
Digital signatures
Electronic banking
Electronic commerce
Electronic Signatures in Global & National Commerce Act 2000-US
Handwriting
Product recalls
Validity
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Zusammenfassung:The Electronic Signatures in Global and National Commerce Act (E-SIGN), which was signed into law on June 30, 2000, and which takes effect on October 1, 2000, secures, for the first time, nationwide recognition for certain contracts signed, sealed, and delivered electronically. E-SIGN provides that contracts may be formed and signed electronically, and will enjoy the same validity as paper-and-ink agreements. The legislation even allows for online notarization, verification, and receipt acknowledgment, so that those protections may be afforded to electronic contracts where necessary.
ISSN:1530-499X