Get ready to save time and money when signing your next contract. Practically a done deal, the legislation would recognize electronic signatures as legally binding.
Small businesses are elated.
But at the end of the day, they will all be acceptable forms of electronic signatures as long as they truly represent the individual or company that they are supposed to. This is great news for businesses. The legislation was passed by the House last week and sent on to the Senate, where the conference report was accepted unanimously. A final vote is expected later this week, and President Clinton has indicated that he will sign the bill into law. The bill would allow companies and individuals to enter into contracts online.