Use of Electronic Signature in Commercial Transactions: Legal Regulation and Practical Gaps

Abstract
The use of electronic signatures plays an important role in faster and operative documentation in commercial transactions. The approval of contracts and other similar documents through the rapidly evolving Internet technologies, as well as the management of e-commerce, which is considered the most modern type of commerce, also necessitates legal regulation in this area. This article defines the concept of electronic signature in the legislation, examines the implementation of electronic commercial transactions, regulation of e-commerce in legislation and existing practical gaps and shortcomings, as well as a comparative analysis of existing legislation and regulations of foreign countries. The article also makes a number of proposals for changes in the legislation of Azerbaijan in connection with the introduction of electronic signatures.

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