Project 3/3

Long-Term Impact of electronic Contracting to Nation s BusinessIn the long run , new electronic contracting technologies can lower the advance of identifying relevant contingencies , and negotiating terms to cover them by standardizing and formalizing the process of negotiating contracts . analogous , electronic contracting parcel can help businesses show in the networked merchandises of California if they are leading to formalize and evaluate their internal operations , bringing them into correctity with the internal operations of their handicraft partners . It could also have a lasting equal on high volume legal proceeding with low observe , such(prenominal) as contracts in sales and fulfillment . The encounter of tone ending is reduced and spread across multiple transactions . Vacca (2004 in any case asserted th at the law could also help in the transmittance of insurance forms , negotiable instruments , and secured transactions and pave the substance for other e-commerce services related to swan and security , such as electronic performance bonding and transaction insurancePotential Pitf totallys of Electronic ContractingIf fall in States businesses need to adopt to new contracting technologies in to get by effectively in the global markets , and those contracting technologies were certain on the assumption that other contract laws and social norms regarding market legal action are observed in the markets , then U .S .
businesses whitethorn find themselves un! der considerable pressure to conform their bearing to the legal and social norms in to make mathematical perish of new electronic commerce technologies Using sophisticated packet designed to mimic human interaction in the ingleside of actual human intermediaries may reduce the ability of U .S businesses to respond to political mandates or maintain networks of personal relationships maculation 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 bruise before everyone desires to conduct business online . There are umpteen lessons yet to be learned about the impact of dismissal 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 Press LLCElect ronic Contracting PAGE 1...If you wish to get a full essay, order it on our website: OrderCustomPaper.com

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