Section 14-16-5 - Use of electronic records and electronic signatures; variation by agreement. - New Mexico Statutes

14-16-5. Use of electronic records and electronic signatures; variation by agreement.

(a)     The Uniform Electronic Transactions Act [14-16-1 to 14-16-19 NMSA 1978] does not require a record or signature to be created, generated, sent, communicated, received, stored or otherwise processed or used by electronic means or in electronic form.   

(b)     The Uniform Electronic Transactions Act [14-16-1 ot 14-16-19 NMSA 1978] applies only to transactions between parties each of which has agreed to conduct transactions by electronic means. Whether the parties agree to conduct a transaction by electronic means is determined from the context and surrounding circumstances, including the parties' conduct.   

(c)     A party that agrees to conduct a transaction by electronic means may refuse to conduct other transactions by electronic means. The right granted by this subsection may not be waived by agreement.   

(d)     Except as otherwise provided in the Uniform Electronic Transactions Act [14-16-1 to 14-16-19 NMSA 1978], the effect of any of its provisions may be varied by agreement. The presence in certain provisions of the Uniform Electronic Transactions Act of the words "unless otherwise agreed", or words of similar import, does not imply that the effect of other provisions may not be varied by agreement.   

(e)     Whether an electronic record or electronic signature has legal consequences is determined by the Uniform Electronic Transactions Act [14-16-1 to 14-16-19 NMSA 1978] and other applicable law.