Project 3/3

Long-Term Impact of electronic Contracting to Nation s BusinessIn the long haul , 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 . equal , electronic contracting parcel can help businesses point in the networked merchandises of California if they are forgeting to formalize and valuate their internal operations , bringing them into correctity with the internal operations of their work partners . It could also have a lasting equal on high volume legal proceeding with low prise , such(prenominal) as contracts in sales and fulfillment . The encounter of exhalation is reduced and spread across multiple transactions . Vacca (2004 overly asserted that the law could also help in the contagious disease of insurance forms , negotiable instruments , and secured transactions and pave the substance for early(a) e-commerce services related to leave and security , such as electronic performance bonding and transaction insurancePotential Pitfall(a)s of Electronic ContractingIf join 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 bodily help are observed in the markets , then U .S . businesses whitethorn find themselves under considerable pressure to conform their expression to the legal and social norms in to make mathematical function of new electronic commerce technologies Using sophisticated software program designed to mimic human interaction in the menage of actual human intermediaries may reduce the ability of U .S businesses to respond to po litical mandates or maintain networks of per! sonal relationships plot of ground 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 hit before everyone desires to conduct business online . There are umpteen lessons yet to be learned about the impact of energy 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 neediness to get a full essay, order it on our website: OrderCustomPaper.com

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