Common use of Electronic Transactions Clause in Contracts

Electronic Transactions. If the parties agree to do business electronically: 1. The parties will not legally contest the validity or enforceability of electronic transactions. 2. Electronic transactions will be admissible if introduced as evidence on paper in any judicial, arbitration, mediation, or administrative proceeding to the same extent and under the same conditions as if they were hard copy signed documents. 3. Each party will use commercially reasonable security measures to limit access to passwords and to limit access to the sites used to process electronic transactions, to authorized persons. Each party will be responsible for any unauthorized use of the sites or issuance of messages caused by the failure of its security measures.