Electronic Signatures in Global and National Commerce Act
The Electronic Signatures in Global and National Commerce Act (often referred to as ESIGN Act) is a U.S. law enacted in 2000 that grants legal recognition to electronic signatures and records. This means that electronic signatures have the same legal standing as traditional handwritten signatures, facilitating online transactions and agreements.
The ESIGN Act applies to a wide range of documents, including contracts and notices, ensuring that consumers can engage in electronic commerce securely. It also requires that individuals consent to receive electronic documents, promoting transparency and informed decision-making in digital transactions.