Electronic Contracting

321 words - 2 pages

What will the long-term impact of electronic contracting be on the nation's business? The impact of electronic contracting is the enforceability of the contract. Since the federal government enacted the Electronic Signature in Global and National Commerce Act (Electronic Signature..., 2001) which make electronic contracts as enforceable as a paper contract that is signed by all parties. The ease of completing most electronic contracts will increase commerce exponentially. This will help business by increasing efficiency, and reduce the actual paper involved in paperwork. This cost reduction can be passed on to the costumer. While many believe in eye contact in their businesses, the need for this personal contact has decreased as more business is conducted of the phone and electronically.What are the potential pitfalls you see with electronic contracting? As a consumer this could create a problem in personal identification. Is it really you that e-signed the contract? Most consumers...

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Electronic Contracting

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