Project 3/3

Long-Term Impact of electronic Contracting to Nation s BusinessIn the long-run , new electronic contracting technologies can lower the approaching of identifying relevant contingencies , and negotiating terms to cover them by standardizing and formalizing the process of negotiating contracts . equal , electronic contracting parcel can help businesses reason out in the networked merchandises of California if they are on the wholeow foring to formalize and measure their internal operations , bringing them into correctity with the internal operations of their duty partners . It could also have a lasting equal on high volume legal proceeding with low value , such(prenominal) as contracts in sales and fulfillment . The encounter of bolshy is reduced and spread across multiple transactions . Vacca (2004 besides asserted that the law could also help in the transmission of insurance forms , negotiable instruments , and secured transactions and pave the substance for former(a) e-commerce services related to organized religion and security , such as electronic performance bonding and transaction insurancePotential Pitfalls of Electronic ContractingIf unite States businesses need to adopt to new contracting technologies in to postulate effectively in the global markets , and those contracting technologies were certain on the assumption that other contract laws and social norms regarding market natural process are observed in the markets , then U .S .

businesses may find the! mselves under considerable pressure to conform their conduct to the legal and social norms in to make mathematical swear out of new electronic commerce technologies Using sophisticated packet designed to mimic human interaction in the dwelling house 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 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 bastinado before everyone desires to conduct business online . There are many lessons yet to be learned about the impact of going 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 LLCElectronic Contracting PAGE 1...If you indispensability to get a full essay, order it on our website: OrderCustomPaper.com

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