Have you ever wondered if clicking "I accept" on a website was legally binding? Or when can you "sign" a document by fax or e-mail?
I presented a paper to the UT-CLE Securites Regulation Conference earlier this month on E-Corporate Law. The paper analyzes Texas, Delaware, and U.S. federal law regarding electronic contracting and electronic corporate formalities (such as directors taking action by unanimous written consent in lieu of a meeting). It includes an analysis of the Electronic Signature In Global and National Commerce Act (E-Sign) and the Uniform Electronic Transactions Act (UETA).
A copy of the paper is available on Cantey Hanger's website here: http://www.canteyhanger.com/content/Clayton_SR11_paper_revised_02_10_11.pdf
Signatures by fax, email, and anything digital as long as they are authenticated and the ownership is verified are legally binding. It will be important to save copies of these documents to be safe. They can be use as evidence.
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