Common use of ELECTRONIC TRANSACTION Clause in Contracts

ELECTRONIC TRANSACTION. The parties hereto agree to permit, recognize and accept the execution of this Agreement by means of an “electronic signature” as that term is defined in the Electronic Signatures in Global and National Commerce Act, 15 USC §§ 7001, et. seq., and the Texas Uniform Electronic Transactions Act, TX. Bus & Comm. Code, Ch 43. The parties hereto further agree to conduct transactions under this Agreement by electronic means. Accordingly, the absence of a manual signature in ink by any party hereto shall not affect the written electronic communication that constitutes this Agreement in any respect, provided that an electronic signature is transmitted herewith. Notices required or permitted hereunder may be delivered in electronic form, and if so delivered shall satisfy the notice requirements set forth herein or arising under applicable law.