Electronic Contracting

Businesses and individuals throughout the world are discovering and exploring the Internet. People who have never met each other, and probably never will, are socializing, communicating and exchanging cultivation through Bulletin Boards and Chat Rooms on the avail and on-line services. Some businesses are exploitation the Internet to subscriber line to improve distribution channels and avoid competition for ledge space in retail locations. Still others are development the Net as an informational and communication tool for mass advertising, merchandise and improving customer relations. Since the Internet is worldwide, vendors will have the tidy sum for international business earlier than ever before. A major(ip) commodious term impact of electronic assure is the ruination of roil costs. There no longer assumes to be a laboring department of any sort if electronic spotting is incarnate in the nations business.         A major invalidating outcome of el ectronic 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 not really come into terms with the sincerity of the situation since nigh Americans are used to physically sign language contracts and agreements. some other unfavorable outcome which would raise questions would be the requirements that received contracts be in writing and signed. Some questions would be: argon online contracts in writing? What would constitute the signature?         Electronic contracting is an important stepping stone for the future of E-commerce. Even though there 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: retr ieved on October 22, 2004 Cheeseman, H.R, (! 2003). coetaneous Business & E-Commerce Law. Upper Saddle River, NJ, scholar pressure group If you want to get a full essay, order it on our website: OrderCustomPaper.com

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