Take note: Federal law now makes electronic contracts and electronic signatures as legal and enforceable as those on paper. Consider what advantages e-contracts might have for your business. Some companies will be able to conduct their business entirely online, often with great savings.
If you start using e-contracts, you have to let customers know whether paper contracts are available and what fees might apply for the paper agreements.
Proceed with caution. The law does not define what an electronic signature is, and e-signature technology is still evolving.
Visit the Web site of the American Bar Assn., or www.nolo.com, for more information.
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