The world has been immersed in the Information Age (a/k/a the Digital Age) for decades now. By way of example, the Texas Uniform Electronic Transactions Act governing electronic contracts passed legislation in 2001 (effective 2002) and received little attention at the time. The purpose of such legislation was to encourage and facilitate commerce by validating records and signatures between parties who agree to such methods. Some of the more revolutionary aspects of this development are acceptance of electronic signature, electronic documents and e-mails. These new concepts are loved and hated; incredibly convenient and still widely misunderstood.
Oftentimes individuals consider e-mails to be informal, non-binding communications and therefore do not give proper consideration to what are easily considered offers, counter-offers or other agreements. If a rogue e-mail never sees the inside of a courtroom then no harm, no foul. However, many of these communications are technically binding and enforceable against the sender and therefore, people should be cautious of casually negotiating deals over e-mail.
Some pertinent parts of the Texas Uniform Electronic Transactions Act are:
In summary, it is good practice to ensure that if an e-mail has any possible perception of being an offer, counter-offer or other agreement that the drafter should clearly disclaim if such communication is not meant to be the final form of the agreement and that no party should act in reliance on the email. Something this simple could potentially avoid a misunderstanding and unnecessary litigation.
The Strong Firm represents borrower in $42.3 million HUD construction loan for multifamily real estate development in Walton County, Florida.Read More
The Strong Firm acts as legal counsel for borrower in $32.1 million HUD construction loan for multifamily real estate development in Conroe, Texas.Read More
The Strong Firm aids borrower in $31.7 million HUD construction loan for multifamily real estate development in Nueces County, Texas.Read More
The Strong Firm represents borrower in the refinancing of a $3.57 million commercial mortgage-backed security for a commercial office facility in Montgomery County, Texas.Read More
Use our easy-to-use and secure online payment feature.
We accept all major credit cards.