"Electronic Signatures in Global & National
Commerce Act (E-Sign)
On Friday, June 30, 2000, President Clinton signed into federal law the E-Sign (Electronic Signature) bill. This means that signing a document electronically will carry the same weight and responsibility as signing a paper contract.
Pretty amazing, isn't it? Some are not as impressed by this legislation since it's been in existence in some states already for internal contracts (in keeping with the Government Paperwork Reduction Act of 1999). This new law focuses on agreements made with the federal government and between states.
Federal Computer Week magazine, in its June 16th edition, says that the Electronic Signature in Global & National Commerce Act is being "hailed as one of the most significant pieces of high-tech legislation in this session of Congress."
What does this mean for small business owners? It helps with e-commerce transactions by making them quicker and easier. Doing business with the government may now be a whole lot easier. The legislation encourages the public to do business on-line (always a good thing!). Lastly, it expedites the process for completing various federal forms. Does this mean that filing our taxes will be simplified? We can't tell yet, but miracles do happen everyday!
While enjoying this newest technology innovation, don't forget about security. You don't want important documents or contracts to by preyed upon by hackers. Make sure to keep your browser up-to-date so you have the best security protocols and can access all the web site features you will need to implement E-sign. Check out Microsoft and Netscape to download the latest versions. AOL users should be sure to use version 5.0 for best results. It's also a good idea to register for a personal web site security certificate. Check out Verisign for more information. Read more about securing your site and protecting your privacy.
For more information on E-Sign, check out these pages:
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