ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT

Electronic Signatures in Global and National Commerce Act: translation

A Federal statute that gives electronic signatures the same validity as handwritten signatures on paper documents. Actually, it is more accurate to say that under this law online contracts "may" have the same legal status as paper contracts. The e-sign law does not make electronic contracts enforceable it merely provides that courts cannot deem an electronic contract to be unenforceable solely because they are in electronic form. Enacted in 2000.

Better known as the " e-sign law". American Banker Glossary