ESIGN Act (Electronic Signatures in Global and National Commerce Act)

The ESIGN Act, enacted in 2000, establishes the legal validity of electronic signatures and records in the United States. It allows individuals and businesses to use electronic means for signing and storing documents, ensuring that e-signatures have the same legal standing as traditional handwritten signatures. This law promotes the use of electronic transactions and reduces the need for paper-based processes, facilitating commerce in a digital age. However, it also requires that consumers are informed about their rights regarding electronic documents and can opt for paper copies if they prefer.