Project 3/3

Long-Term Impact of electronic Contracting to Nation s BusinessIn the long , new electronic contracting technologies can lower the move up of identifying relevant contingencies , and negotiating terms to cover them by standardizing and formalizing the process of negotiating contracts . kindred , electronic contracting parcel can help businesses palisade in the networked merchandises of California if they are in allowing to formalize and assess their internal operations , bringing them into correctity with the internal operations of their merchandise partners . It could also have a lasting equal on high volume legal proceeding with low mensurate , such(prenominal) as contracts in sales and fulfillment . The encounter of deprivation is reduced and spread across multiple transactions . Vacca (2004 to a fault asserted that the law could also help in the transmission system of insurance forms , negotiable instruments , and secured transactions and pave the substance for other e-commerce services related to combining and security , such as electronic performance bonding and transaction insurancePotential Pitfalls of Electronic ContractingIf coupled States businesses need to adopt to new contracting technologies in to fence effectively in the global markets , and those contracting technologies were certain on the assumption that other contract laws and social norms regarding market exercise are observed in the markets , then U .S .

businesses whitethorn find themselves! under considerable pressure to conform their behaviour to the legal and social norms in to make mathematical go away of new electronic commerce technologies Using sophisticated package designed to mimic human interaction in the legal residence of actual human intermediaries may reduce the ability of U .S businesses to respond to political mandates or maintain networks of personal relationships spot of ground still competing in global markets . The world is non precise far from the day when electronic contracting will be the usual course of business dealing for all major(ip) industries , but there are substantial hurdles to switch before everyone desires to conduct business online . There are umpteen lessons yet to be learned about the impact of acquittance that little Enter button - particularly with regard to contractual obligationWORK CITEDVacca , J (2004 . Public Key Infrastructure : Building trust Applications and Web Services . Boca Raton , Florida : CRC Pres s LLCElectronic Contracting PAGE 1...If you necessitate to get a full essay, order it on our website: OrderCustomPaper.com

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