Parameters For Regulating Electronic Commerce

Regular contractual principles, especially those pertaining to distance sales, may also be applicable to electronic commerce, albeit with some modifications. However, in this regard it immediately becomes relevant to draw some distinctions between whether the product or service is to be delivered via traditional means or whether it may in fact be delivered electronically, and whether the goods or services in question are intended for commercial or private consumption.

It is our basic understanding that the emergence and rapid development of many products that may be consumed or delivered on line are going to blur the distinction between products and services. Furthermore, it is our assumption that due to the often anonymous circumstances associated with electronic commerce, where the seller and buyer often do not know one another, and where the seller has little opportunity to inquire as to the buyer’s intended use of the products or services purchased, that electronic commerce is bound to blur the traditional distinction between commercial and noncommercial sales.

Accordingly, it seems logic to commence a survey of regulation of electronic commerce with a brief examination of relevant statutes and other provisions that may be of direct or indirect relevance to electronic commerce. Secondly, it is natural to examine the legal provisions that have been specifically tailored to regulate electronic commerce. Finally, it is logical to examine and attempt to evaluate to what extent electronic commerce may exercise influence upon the contractual laws that have been developed to regulate commercial transactions conducted via traditional, i.e. non-electronic, means.

In order to examine the applicability of traditional commercial laws to electronic commerce, we identified a number of contractual elements that typically will be the major concern of the parties. Such elements include: identification of the purchaser and the seller in regard to their legal status, place or places of business, affiliation within corporate structures, solvency etc.; whether or not the seller is in fact legally entitled to sell, and the purchaser legally entitled to buy, the products or services in question – this issue is particularly relevant with respect to intellectual property rights, where trademark or copyright infringements may interfere with the purchaser’s intended usage, and with respect to products or services that are subject to content control or similar restrictions; the formality requirements pertaining to presentation of offers, counteroffers, acceptances, declination of offers etc. in order to determine whether and when a contract has in fact been entered into; the stipulated terms for the contract as pertaining to the amount and quality of products or services, the time and place of delivery, the purchase sum and time and method of payment etc.; conditions for remedying defective or insufficient products including warranties and the right for the purchaser to return any damage goods; handling of sensitive data generated in connection with the transaction.

Other issues such as marketing practices and the use of information gathered via other means than as part of a specific transaction raise separate problems concerning privacy and security; issues which we have dealt with separately in subsequent sections of our survey.

Furthermore, the ability to conduct transactions electronically are contingent upon availability of certain types of infrastructure, terminal equipment and the like plus a regulatory environment which is permissive to the conduct of such activities, i.e. issues of a broader regulatory nature, which we have examined in the previous sections of our survey as well as in other surveys concerning development of the Global Information Society and the Global Information Infrastructure and development of the international telecommunications industry at large.

Finally, it should be noted that electronic commerce constitutes but one of several types of activities that may be conducted electronically and that are considered to be important elements of the emerging Global Information Society/Global Information Infrastructure. Many of the problems and opportunities associated with such activities are the same, more or less, regardless of whether a given activity is transactional in nature, i.e. whether it involves the exchange of goods or services in return for payments or other types of remuneration. Accordingly, we have every reason to believe that the regulatory environment being developed in an attempt to create an orderly environment for electronic commerce may significantly influence the overall environment for other types of online activities as well.

Special opportunities and problems are associated with the so-called “virtual middlemen,” who provide value-added services to businesses and consumers. Services may include brokering, search, referrals, and one-stop catalog shopping; all services that put such providers in a key position in the electronic marketplace.

Electronic commerce plays a role even in sectors where delivery needs to be carried out via traditional means, because order fulfillment and distribution as well as product design and other activities may be outsourced or coordinated electronically, thus leading to greater efficiency and lowered costs.
In addition to the virtual middlemen, a number of different financial services and service providers have arisen who specialize in electronic payments, financial insurance etc.

The EU Commission has pointed out the need to coordinate any initiatives on electronic commerce with WTO commitments, c.f. the General Agreement on Trade in Services (GATS) and the Annex on Basic Telecommunication Services. Furthermore, the EU has pointed out that electronic commerce represents a number of separate trade issues that must be resolved within the WTO, in the New Trans-Atlantic agenda, the Global Business Dialogue, the Information Society Dialogue, or other appropriate fora.

Electronic Commerce Insurance Keeps Online Businesses Secure

The Internet has spawned a proliferation of online business activities and is home to some of the largest retailers in the world, such as a popular book-selling site that since has expanded to include numerous other goods sold. It’s possible to purchase anything from a book to a car to a home and the insurance to protect all of them. But any business engaged in online activities needs to have electronic commerce insurance in place to ensure it as well as any customers or clients are protected against the perils unique to Internet-based commercial activities.

Electronic commerce is defined as the use of technology in business practices to enable internal and external workflows as well as communication with consumers, customers and clients. And such technology is used to electronically communicate as well as engage in commercial activities while at the same time reducing costs and increasing efficiencies.

Some industries have embraced the Internet and other forms of electronic activities, such as sending and receiving facsimiles. Chief among them are the travel industry, online retailers, insurance firms and auction sites, like eBay. If you want to own or rent a home or apartment, many times, an online application or other form of communication is the first step taken. But if that information somehow is used to commit fraud or engage in theft of monies, an online business could find itself facing a hefty lawsuit and possibly large legal judgment.

Among risks that are particularly high for online businesses is the possible theft of data, making data security a high priority. If personal or financial information is stolen by a computer hacker, for example, the online business has a heightened liability due to the increased need for it to provide security against such illegal accesses. And if a client should suffer a loss as a result of a breach of site security or some other means of illegal activity, the business owner might find a costly lawsuit threatening the future of the enterprise.

Interruption of commercial activities also is a strong threat facing online enterprises, such as might occur if a third-party vendor is in charge of handing certain types of online transactions and the site suddenly is unavailable for any number of reasons, like when a server goes down and the website cannot be accessed. Even a short time down can result in a great deal of lost sales or other commercial activities.

An electronic commerce policy can help alleviate potential losses and ensure a smoothly operating business remains, but there can be difficulties when filing a claim if something bad should happen. Because the nature of online businesses can vary greatly, the more information that can be provided to fully inform insurance agents and adjusters on the kinds of activity and commerce done can help speed up the claims process if one is filed.

And the level of coverage needed varies as well. The amount of insurance needed is relative to the amount of risk carried, as would be expected. Insurance experts advise carrying at least $1 million to $2 million in liability coverage to protect the business and its customers if the commercial activity is relatively small and only a small amount of equity is available.

Little Self Research to Remain Ahead in This Time of Electronic Commerce

For attaining success in this time of electronic commerce it is mandatory to have an attractive web portal. There are specific styles followed to involve visitors in the websites and at the same time there exists technique of bringing more and more web traffic. During website design the web developer consider several aspects to attract the web visitors. It is mandatory for a business to provide a pleasant online shopping experience and smooth payment process to the purchasers. To get an edge over the competitors it is always a good idea to use the best website designers who are aware of the latest tips and tricks associated to web design.

There are many web design companies that offer competitive rates and claim that they offer best search engine optimisation methods to provide better ranks to the web portals. Actually organic SEO is best and for that besides manipulating the sites it is advisable to emphasise upon better website design. For effective website design it is necessary to be aware of the latest web design techniques. At the same time it is work of the content writers to provide sufficient information. The website should be easy to use and at the same time the site should be easily navigable.

A web developer needs to remember that for each section it is mandatory to complete the necessary parameters. For example to make better shopping experience it is not only necessary to provide an interactive shopping cart but at the same time it is mandatory to ensure a smooth payment process. Similarly while portraying an image it is necessary to facilitate introduction of the product by maintaining proper aesthetics. Again, the toll free number must be visible from all pages of the site. It is not enough to include the toll free customer care number only in the contact page. There are few conventions and the Sydney web designers are aware of all the pros and cons.

Reaching a suitable web design company is much easy in Sydney as there are plenty of web based service providers. The Sydney based website development companies have completed web design for leading corporations of the planet. These companies carry on the developmental process after thorough research about purpose of the website. Studies suggest that a reader remains more within a page but a web visitor frequently changes the links and shifts towards another page. For this attractive website design is essential to keep roving eye of the web visitor to a particular page.

Online communication process is interesting and more and more businesses are concentrating upon enhanced web presence. It is wise to consider a Sydney web designer to get the best from his experience and skill. A Sydney based web developer knows what color to include for what kind of a portal. Many of the regional web development companies fail to understand requirements of the international business players. But for a Sydney based web developer this is cakewalk and with subtle skills and manipulation of latest web design technologies they cater the best. Still, it is advisable to initiate self analysis to identify a suitable website design company of Sydney.