Project 3/3

Long-Term Impact of electronic Contracting to Nation s BusinessIn the long-term , new electronic contracting technologies can lower the onrush of identifying relevant contingencies , and negotiating terms to cover them by standardizing and formalizing the process of negotiating contracts . too , electronic contracting parcel can help businesses vie in the networked merchandises of California if they are departing to formalize and measure their internal operations , bringing them into correctity with the internal operations of their avocation partners . It could also have a lasting equal on high volume legal proceeding with low range , such(prenominal) as contracts in sales and fulfillment . The encounter of release is reduced and spread across multiple transactions . Vacca (2004 as well as asserted that the law cou ld also help in the transmitting of insurance forms , negotiable instruments , and secured transactions and pave the substance for some other e-commerce services related to bank and security , such as electronic performance bonding and transaction insurancePotential Pitf each(prenominal)s of Electronic ContractingIf get together States businesses need to adopt to new contracting technologies in to grapple effectively in the global markets , and those contracting technologies were certain on the assumption that other contract laws and social norms regarding market activity are observed in the markets , then U .S .

busin esses whitethorn find themselves under consi! derable pressure to conform their expression to the legal and social norms in to make mathematical help of new electronic commerce technologies Using sophisticated software 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 darn 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 switch before everyone desires to conduct business online . There are many 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 Press LLCElectronic Contrac ting PAGE 1...If you indirect request to get a full essay, order it on our website: OrderCustomPaper.com

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