Other areas of potential fraud include phantom business opportunities and bogus investments. Both the Indian Contract Act and the IT Act must be read in conjunction to understand the legal validity of e-contracts. The lag in laws mean that e-business executives must rely on ethics as they move forward in e-commerce. It is a hot issue for both cyber and click-and-mortar merchants. The brokers who provide value added services or who manage electronic intermediation (also known as infomediation), are not only surviving but may actually prosper, this phenomenon is called Reintermediation. The phenomenon by which Intermediaries, who provide mainly matching and providing information services are eliminated is called Disintermediation. Upload; Login; Signup; Submit Search ... Notes Full Name. Note Conference paper. In the above article, a student can download e-commerce notes for B COM 1st year and e-commerce notes for BBA 1st year. Limited Liability Partnership Registration, Conversion of LLP into a Private Limited Company, Asset Reconstruction Company Registration, NBFC Account Aggregator (NBFC-AA) License, Investment Advisors registration with SEBI, Registrar and Share Transfer Agent Registration, TP Planning, Documentation and assistance in Compliances, Goods and service tax (GST) Advisory Service, Climate Change and Sustainability Services, Enterprise and Strategic Risk Management Services, Foreign Direct Investment under the Approval Route, EPC Projects, O&M Accounting & Administration, Significance of Foreign Direct Investment under the Approval Route. Amendment Act 2008: Being the first legislation in the nation on technology, computers and e-commerce and e-communication, the Act was the subject of extensive debates, elaborate reviews and marketplace, platform) involved in e-commerce transactions. How NBFC is different from Nidhi and Micro Finance Company? Most computers retrieve websites at the same speed, depending on the user’s Internet account settings or service, no matter if the site is a multibillion-dollar company or a neighbor’s blog. Taxation: Difficulties in taxing e-commerce business transactions: Determination of economic activity (to avoid tax collection), distinguishing proof of the presence of perpetual foundation, Tracing beginning and end of transaction, Lack of documentation to know the nature of the agreement. E-commerce – Features, Drivers, Factors, Issues, Applications E-commerce is the use of electronic communication and digital information processing technology in business transactions to create, transform and redefine relationships for value creation between or among organisations and individuals. Under this law, it is illegal to use online technology to copy and distribute legally copyrighted material, such as photography, articles or books, music or videos. This book provides the detailed overview of E-commerce. Let’s discuss the legal issues specific to e-commerce. The factors that should be considered here are the enormous number of participants, extensive information processing, delicate negotiations, etc. E-Contracts. Legally, it is up to the e-business to store and protect or dispose of this sensitive data. Under this law, parents have control of what personal information their children can give to e-businesses. E-commerce activity often involves collecting secure data such as names and phone numbers associated with email addresses. On 30 September 2020, the Commission published Explanatory Notes on the new VAT e-commerce rules.They contain extensive explanations and clarifications on these new rules including practical examples on how to apply the rules if you are a supplier or an electronic interface (e.g. Namely, they should be cognizant of the many issues surrounding data security and consumer privacy, as well as protecting their brand and setting a solid foundation with their “terms & conditions” agreement. The retailer systems such as Sony, Kmart, Staples and others have faced many data breaches from […] Since trademark is your company’s logo and symbol, the representation of your business all over the web, it must be protected. The Digital Millennium Copyright Act addresses plagiarism and copyright infringement in the specific context of the Internet and e-business. 12 hours ago Delete Reply Block. The industry has matured and has seen the entry of many new players in the market. During the first few years of e-commerce, the public witnessed many frauds committed over the internet. The international nature of E-commerce constantly raises legal … A more detailed definition of e-commerce is, “The use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.”. E-commerce initiates business processes reengineering projects. Judith is CEO and Founder of her virtual law practice, Coollawyer Legal Forms, which provides e-commerce forms and legal advice for Internet and technology companies. 1.7 Business models of e-commerce: There are mainly 4 types of business models based on transaction party. Cybersecurity, competition and order fulfillment are the top three challenges facing e-commerce businesses. – Small-claims courts – Limited liability If you are a business owner in the tourism industry, you should keep the legal aspects of e-commerce in mind when deciding to sell your services or products online (such as allowing online bookings, for example). Legal and Ethical Issues for IT Practitioners Brandy L. Spinks Business 670 Dr. Stephens December 20, 2010 Legal and Ethical Issues for IT Practitioners For ages thinkers have written hundreds of books in an effort to understand, explain, categorize, and label moral, immoral, an amoral human behavior and the rationales behind our actions. Maltese Law, Jurisprudence, Legal Notes. Additionally, e-commerce also refers to the effects that electronic exchange of commercial information may have on institutions and processes that support and govern commercial activities. 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