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The Uniform Electric Transactions Act (UETA) and the Electronic Signature in Global and National Commerce Act (ESIGN Act) are pivotal U.S. laws that establish the legal validity of electronic signatures and records. Both statutes ensure that electronic documents and signatures are as legally binding as their traditional counterparts.
Legal Validity
Electronic signatures and records are considered legally valid and have the same legal status as handwritten signatures and paper documents, ensuring that contracts and agreements formed electronically are enforceable.
Electronic RecordsLegal Validity
Electronic records are deemed to be in writing and are legally recognized, satisfying the requirement for a written document.
Consumer Consent
Parties involved in electronic transactions must consent to conduct the transaction electronically. However, consent cannot be denied solely on the grounds that it is in electronic form.
Record RetentionLegal Validity
UETA establishes guidelines for the retention of electronic records to ensure that they remain accessible and accurate for future reference.
Signers are authenticated via email or SMS, ensuring the validity and trustworthiness of electronic signatures.
All digital records are securely stored enabling easy access and retrieval when necessary.
Audit trail is maintained, featuring comprehensive logs through the entire signing process.
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