Electronic Signatures in Global and National Commerce Act (ESIGN)

The Electronic Signatures in Global and National Commerce Act (ESIGN) is a U.S. law that gives electronic signatures the same legal validity as handwritten ones. Enacted in 2000, it allows individuals and businesses to sign contracts and documents electronically, making transactions faster and more convenient. The law ensures that if both parties agree to use electronic signatures, they are legally binding and enforceable, thereby promoting digital commerce and reducing paperwork. Overall, ESIGN helps facilitate online business interactions while protecting the rights of all parties involved.