Electronic contract
Term · Insurance and risk management · MLC-T-INS-001269
An agreement formed and executed through electronic means, such as email, website clicks, or digital signatures. It involves an offer, acceptance, and consideration, all communicated and recorded in an electronic format. The enforceability of these contracts is generally governed by laws like the Uniform Electronic Transactions Act (UETA) in the United States.
| Identifier | MLC-T-INS-001269 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001269",
"term": "Electronic contract",
"field": "Insurance and risk management",
"definition": "An agreement formed and executed through electronic means, such as email, website clicks, or digital signatures. It involves an offer, acceptance, and consideration, all communicated and recorded in an electronic format. The enforceability of these contracts is generally governed by laws like the Uniform Electronic Transactions Act (UETA) in the United States.",
"url": "https://mlchart.com/terminology/insurance/electronic-contract/"
}
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