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Simple English definitions for legal terms
Electronic Signatures in Global and National Commerce Act
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A quick definition of Electronic Signatures in Global and National Commerce Act:
Electronic Signatures in Global and National Commerce Act: This is a law that allows people to use electronic signatures instead of physical signatures on important documents. It applies to both national and international commerce. This law makes it easier and more convenient for people to sign documents without having to be physically present.
A more thorough explanation:
The Electronic Signatures in Global and National Commerce Act, also known as the E-SIGN Act, is a law that was passed in the United States in 2000. This law gives electronic signatures the same legal status as handwritten signatures in most cases.
For example, if you sign a contract electronically, it is just as legally binding as if you had signed it with a pen and paper. This means that businesses can use electronic signatures to sign contracts, agreements, and other important documents.
The E-SIGN Act also requires that businesses provide certain disclosures and notices to consumers before they can use electronic signatures. For example, a business must inform a consumer that they have the right to receive a paper copy of a document if they prefer.
Overall, the E-SIGN Act makes it easier and more convenient for businesses and consumers to sign and exchange documents electronically, while still ensuring that these documents are legally binding.