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The acronym STP stands for
E-Signatures
E-signatures, or electronic signatures, are a digital form of signing documents, legally recognized as equivalent to traditional handwritten signatures in many jurisdictions, enabling quicker and more efficient document processing.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing in order to be enforceable, such as contracts for the sale of land or goods over a certain value.
Breached Contract
A breached contract occurs when one party fails to perform their obligations under the terms of the agreement, leading to legal consequences and potentially damages.
Uniform Electronic Transactions Act (UETA)
A law adopted by most U.S. states that establishes the legal validity of electronic records and signatures for commercial transactions.
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