The Principles of Electronic Agreement Legal Admissibility

Overview

There are five principles that contribute directly to the legal admissibility of an electronic agreement: the reliability of an electronic signature, the reliability of the act of signing, the state of mind of the individual at the time of signature, the requirement to capture and retain material information in a way that can be verified, and finally the need to for an agreement process with reliability commensurate with the legal significance of the act and the risk of the transaction.