An Important Court of Appeals Decision on When an Email Exchange Satisfies the Statute of Frauds: Do we have a deal?

The Minnesota Court of Appeals just issued a case that might be of some interest to many if not all Minnesota businesses.

When is a deal a deal? Can I be bound by an agreement when I have agreed to all material terms but I have not yet signed the agreement? What is an “electronic signature”? What if I have not physically signed a document but I sent an email saying I “accept” an attached proposal?

For any agreements involving substantial sums of money, you should consult a lawyer because, believe it or not, the answers to these questions might require thoughtful investigation and careful legal analysis.