In today`s digital age, electronic agreements have become the norm. With the ease and convenience of email and online platforms, it`s no surprise that more and more businesses are turning to electronic signatures to execute their contracts.

When it comes to electronic agreements, one common phrase you may come across is “this agreement has been executed electronically.” This statement serves an important purpose in confirming that the parties involved have agreed to the terms and conditions of the contract via electronic means.

So, why is this statement necessary? First and foremost, it`s important to establish the legality of electronic signatures. In the United States, electronic signatures are recognized as legally binding under the Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA). However, it`s still essential to confirm that the parties involved have consented to using electronic signatures as a valid form of agreement.

By including the statement “this agreement has been executed electronically,” the parties are acknowledging that they have agreed to use electronic means to sign the document, and that they understand the legal implications of doing so. This statement can also serve as evidence in the event of a dispute or legal issue regarding the validity of the agreement.

It`s worth noting that there are certain requirements that must be met for electronic signatures to be valid under the law. For example, the parties must have access to the document and be able to review it before signing, and there must be a secure method of verifying the identity of the signers. These requirements can vary depending on the jurisdiction and the type of contract being signed, so it`s important to consult with legal or compliance experts to ensure that your electronic agreements meet all necessary legal standards.

In summary, the statement “this agreement has been executed electronically” serves as a legal confirmation that the parties involved have agreed to sign the document using electronic means, and that they understand the legal implications of doing so. As electronic signatures continue to become more prevalent in modern business, this statement will likely become even more common in contract language.