Electronic Contracts
The Electronic Signatures in Global and International Commerce Act of 2000 makes online contracts just as enforceable as paper contracts. At the writing of this article people still consider this only in software, as in the EULA contract we click “I agree” to without reading as we install software. However, electronic contracts are legal for leases and even mortgages, though they are not legal for notices of cancellation or termination of utility services.
Companies are preparing for the coming comfort with online contracts. Recently, Recombo partnered with Instant Software to bring interactive electronic Agreements into the vacation rental market in their Agreement Express product. The company to bring automated application processing to property management software as a service could stand to make a great deal of income.
