Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £9.99
Words: | Submitted: Mon May 24 2004
... of trade with "cutting-edge" innovations. The problem with this fast paced evolution is that they "often outrun the regulatory regimes which they are bound by"1. The area of electronic contracts is possibly one of the best examples of such a situation. The laws which govern contracts, a legally binding agreement between two or more people or organisations, were developed when the visions of an information technology age were that "Computers in the future may weigh no more than 1.5 tons"2 and even when Charles H. Duell thought that "everything that can be invented has been invented"3. Thus there is little doubt that despite the obvious advantages of E-commerce it does pose certain legal problems, certainly in the area of E-contracts. It is in looking at how governments around the world, from Hong Kong to Germany, have scrambled to resolve the problems posed by E-contracts that it is apparent how difficult ...
FREE access exchanged for your work, or pay £9.99