Archive for March, 2011
All kinds of businesses are subjected to certain rules and regulations on business deals and transactions. The business should comply with terms and conditions and any transaction found to infringe the governing laws, such transaction or business is liable to be ceased or other implications as decided by the authority of related jurisdiction. All the aspects are completely applicable to online business, nothing but the e-commerce. Since the entire business transactions are made online, some modifications has been necessitated to govern the internet business, eventually, e-commerce law has been introduced.
E-commerce law necessitates the online business owner to provide the following information. It includes the detailed payment mode, details of e-contract between the business and the customer, registration details of the business, email of the service provider, corresponding address of the service provider, details about the website, difference in business in trading name and registered business name, if any, reason for the difference, approximate cost of products or services, tax implication details, etc. Among these requirements, website owners should be cautious in furnishing details about the contractual terms that bind them with customers.
E-commerce law has been established towards several reasons such as public policy, protecting the health of the nation, protection of customers as well as businessmen, public security and national security.
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