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Terms Used In New Jersey Statutes 12A:12-7

  • Contract: A legal written agreement that becomes binding when signed.
7. a. A record or signature may not be denied legal effect or enforceability solely because it is in electronic form.

b. A contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation.

c. If a law requires a record to be in writing, an electronic record satisfies the law.

d. If a law requires a signature, an electronic signature satisfies the law.

L.2001, c.116, s.7.