What is the Electronic Signatures in Global and National Commerce Act?

The Electronic Signatures in Global and National Commerce Act (ESIGN) is a federal law passed in the United States in 2000. It provides a legal framework for the validity and use of electronic signatures and records in commerce throughout the United States. The law recognizes digital signatures as a legally binding way to sign contracts and other documents online. It states that an electronic signature is just as valid as a written one, and that an electronic record is just as valid as a paper record. ESIGN also stipulates that, for a contract to be legally binding, both parties must agree to use electronic signatures or records. In Oregon, The Uniform Electronic Transactions Act (UETA) is part of state law and complements the federal ESIGN law. UETA states that consumers may enter into legally binding contracts electronically and that electronic signatures and records are valid in transactions. It also protects consumers from any form of fraud or identity theft by requiring secure authentication methods when transacting online. Overall, the ESIGN and UETA laws ensure that electronic communications and transactions are considered as valid and legally binding as those created in paper form. This helps to facilitate commerce across the country and is especially important in the internet age.

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What is the Electronic Signatures in Global and National Commerce Act?

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