What is the law concerning the ownership and management of digital assets?

In New York, the law concerning the ownership and management of digital assets is defined in the Electronic Signatures and Records Act (ESRA). This law defines digital assets as electronically stored information. Under the law, individuals and organizations own the rights to their digital assets, and any transfer of ownership must be done in accordance with the terms of the contract. In order for a transfer of ownership to be legally binding, it must be done in writing and be signed by both parties. The management of digital assets is also subject to the ESRA. This law states that digital assets must be managed responsibly, with reasonable security measures in place to protect them from unauthorized access and loss. Additionally, ESRA requires that digital assets be managed in a way that preserves their authenticity and integrity. For example, any changes made to digital assets must be tracked and documented, and the original version must be maintained and archived in a secure way. Overall, the Electronic Signatures and Records Act of New York provides individuals and organizations with the legal framework to ensure the ownership and safe management of their digital assets. By following the guidelines and requirements outlined in the law, individuals and organizations can have peace of mind that their digital assets are secure.

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What is the law concerning the ownership and management of digital assets?

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