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Can you summarize OHRC Chapter 1306?
Commercial Transactions > Uniform Electronic Transactions Act
Short Summary
This legal document, specifically sections 1306.01 to 1306.23 of the Revised Code, governs various aspects of commercial transactions conducted through electronic means or electronic records. It applies to parties involved in a transaction, electronic means or electronic records, computer programs, electronic agents, records or contracts secured through blockchain technology, electronic signatures secured through blockchain technology, governmental agencies, information processing systems, persons, tangible or electronic mediums of records, security procedures, states, and transactions. The document does not apply to transactions governed by laws related to wills, codicils, testamentary trusts, and certain chapters of the Revised Code. It establishes the legal framework for conducting electronic transactions and ensuring the retention and enforceability of electronic records. The document allows for variations by agreement, except where otherwise provided. The legal consequences of electronic records or signatures are determined by this document and other applicable law, although no specific penalties are mentioned.
Whom does it apply to?
Parties involved in a transaction, electronic means or electronic records, computer programs, electronic agents, records or contracts secured through blockchain technology, electronic signatures secured through blockchain technology, governmental agencies, information processing systems, persons, tangible or electronic mediums of records, security procedures, states, and transactions
What does it govern?
Various aspects of commercial transactions conducted through electronic means or electronic records
What are exemptions?
1) A law governing the creation and execution of wills, codicils, or testamentary trusts; 2) Chapter 1301., except section 1301.306, and Chapters 1303., 1304., 1305., 1307., 1308., and 1309. of the Revised Code
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Ohio