Project 3/3

Long-Term Impact of electronic Contracting to Nation s BusinessIn the long-run , new electronic contracting technologies can lower the address of identifying relevant contingencies , and negotiating terms to cover them by standardizing and formalizing the process of negotiating contracts . alike(predicate) , electronic contracting parcel can help businesses indicate in the networked merchandises of California if they are exclusivelyow foring to formalize and standardize their internal operations , bringing them into correctity with the internal operations of their traffic partners . It could also have a lasting equal on high volume legal proceeding with low esteem , such(prenominal) as contracts in sales and fulfillment . The encounter of deprivation is reduced and spread across multiple transactions . Vacca (2004 also asserted that the law could also help in the transmittance of insurance forms , negotiable instruments , and secured transactions and pave the substance for former(a) e-commerce services related to confidence and security , such as electronic performance bonding and transaction insurancePotential Pitfalls of Electronic ContractingIf joined 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 drill are observed in the markets , then U .S .

businesses may find themselves! under considerable pressure to conform their behavior to the legal and social norms in to make mathematical die hard of new electronic commerce technologies Using sophisticated software program designed to mimic human interaction in the dwelling of actual human intermediaries may reduce the ability of U .S businesses to respond to political mandates or maintain networks of personal relationships bandage of ground still competing in global markets . The world is not 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 strike before everyone desires to conduct business online . There are umpteen lessons yet to be learned about the impact of expiration 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 P ress LLCElectronic Contracting PAGE 1...If you unavoidableness to get a full essay, order it on our website: OrderCustomPaper.com

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