An Electronic Signature Agreement Statement (ESAS) is an agreement between two parties who have agreed to enter into a business transaction electronically. This statement confirms the individual’s understanding that their electronic signature will be legally binding and enforceable in the same way as a traditional, physical signature. With ESAS, both parties must consent to the terms of the agreement and sign off on the document. All details must be accurately recorded and securely stored in order for the agreement to be officially binding. In essence, an ESAS provides an extra layer of security and ensures that all signatures are valid and reliable.