Another example is a “mouse click” that indicates the intent to be bound by certain legal terms on a Web page. A simple text signature closing an e- mail message is a common example. There are many ways to “sign” an electronic contract. Electronic contracts, like their paper counterparts, are subject to contract formalities requiring “signatures”. This trend includes the increased use of electronic, documents in the formation of contracts. Organizations worldwide are rearranging administrative and marketing strategies in order to exploit this powerful technology.ĭespite the security risks, data is routinely transferred over the Internet throughout the commercial world.2 Paper is rapidly giving way to purely electronic forms of documentation. This phenomenal growth of the Internet is radically impacting modern commercial and governmental practices. By year 2002, the total value of Internet transactions alone is expected to reach 446 billion U.S. The volume of capital flowing through the veins of electronic commerce continually reaches new heights. With both electronic commerce and electronic administration is in rapid advance and the Internet promising to become a major factor of economic growth, the world is facing the challenge of the paperless society. These dilemmas are inherently international dilemmas, since any company that starts doing business over the Internet immediately has the potential to do business internationally.
Worldwide Courts and Legislatures are grappling with the new dilemmas that e-commerce can create. In the modern world business is increasingly being conducted electronically and business law is being dragged along, whether it is ready or not. Provincial Council & Local Authorities Statutes.
0 kommentar(er)
