Electronic Contracting

Businesses and individuals throughout the world are discovering and exploring the Internet. People who have neer met each other, and probably never will, are socializing, communicating and exchanging edition through Bulletin Boards and Chat Rooms on the simoleons and on-line services. Some businesses are exploitation the Internet to stochastic variable to improve distribution channels and avoid competition for shelf space in retail locations. Still others are employ the Net as an informational and communication tool for mass advertising, merchandising and improving customer relations. Since the Internet is worldwide, vendors will have the lot for international business earlier than ever before. A major(ip) great term impact of electronic assure is the ruination of crunch costs. There no longer assumes to be a struggle department of any sort if electronic assure is structured in the nations business.         A major invalidating outcome of electronic contracting would be misinterpretations. electronic contracting generally is non a common part of effortless life in the United States. Consumers would inevitably find themselves sign contracts online but they would non really come into terms with the sincerity of the situation since most(prenominal) Americans are used to physically sign language contracts and agreements. another(prenominal) unfavorable outcome which would raise questions would be the requirements that received contracts be in writing and signed. Some questions would be: be online contracts in writing?

What would constitute the signature?         Electronic contractin! g is an important stepping stone for the future of E-commerce. Even though at that place still are certain questions with no react in regards to electronic contracting, businesses whether small or large need electronic contracting for success in the demanding world of E-commerce of today.          Resources: www.odmb.com: retrieved on October 22, 2004 Cheeseman, H.R, (2003). coeval Business & E-Commerce Law. Upper Saddle River, NJ, scholar sign of the zodiac If you want to get a full essay, order it on our website: OrderCustomPaper.com

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