Common use of Facsimile and Electronic Transmissions Clause in Contracts

Facsimile and Electronic Transmissions. Bank and Merchant agree that facsimile transmissions are acceptable for purposes of this Agreement and that facsimile signatures shall be deemed as originals and have the full force and effect thereof. If the parties agree, electronic signatures and transmissions may be utilized and shall be deemed as originals.

Facsimile and Electronic Transmissions. Bank and Merchant agree that facsimile transmissions are acceptable for purposes of this Agreement and that facsimile signatures shall be deemed as to be originals and have the full force and effect thereof. If the parties agree, The Federal E-Sign Act (HR- 1714) on Final Digital Signature provides that electronic signatures on documents hold equivalent legal status as traditional handwritten signatures. Bank and Merchant agree that electronic signatures and transmissions may be utilized and shall be deemed as to be originals.