Legal recognition of electronic records and electronic signatures

For purposes of this chapter: 1. A record or signature may not be denied legal effect or enforceability solely because it is in electronic form; 2. A contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation; 3. If a provision requires a record to be in writing, then an electronic record satisfies the requirement; and 4. If a provision requires a signature, then an electronic signature satisfies the requirement.