AGENCY LAW

Agency Law for Business



Abstract

This paper aims to discuss the issue of increasing electronic commerce and the application of agency laws upon the online transactions. The online transactions are subject to high risk due to the lack of face to face transaction mode. We would analyze what the agency law can do to minimize the risk of electronic commerce.

Table of Contents

Abstract2

Introduction5

Internet Transactions5

The Agency Law6

Thesis Statement7

Discussion7

Agency Law Scope7

Corporate Scandals8

Agencies8

Search and evaluation8

Assessment of needs and matching needs8

Risk management of the client9

Distribution9

Dissemination of information on products10

Influence on purchases10

Provision of information10

Risk management of the manufacturer10

Integrating the needs of customers and manufacturers11

Ethical Consideration11

Risks of Online transactions12

Changing the business and technological environment12

Privacy and Security12

Legal, political and social issues13

Conclusion13

Appendix15

Agency Law for Business

Introduction

This paper aims to discuss the issue of increasing electronic commerce and the application of agency laws upon the online transactions. This research paper is based on an article by Nancy R. Furnari, regarding the same issue. The article is provided in the appendix.

Internet Transactions

Global information networks are transforming the world and bringing more people through innovation in global communications, which enables changes in all spheres of human activity, such as competitiveness, employment and quality of life of nations. With new technology, time and distance are no longer obstacles, the content may be directed to a mass audience or a small group of experts and find a global or merely local. Global information networks like the Internet knows no boundaries. Internet is a means of global communication, which allows the exchange of information between users connected to the network that connects about 8 million servers responsible for information services and all operations of communications and broadcasting, reaches about 250 million users in over 100 countries. The Internet offers a unique, special and critical to organizations of any size. The rapid spread and the great interest in the world of computers have technology allowed the creation of Internet / Web, a fundamental tool for computer networks and their users. The Internet offers a new market that defines the "digital economy". Producers, suppliers of goods / services and manage user access and worldwide transmission of information and entertainment in a simple and economical, whether commercial or social. The opening of markets is essential for the rapid growth in the use of new services and the assimilation of new technologies. In practice, companies are beginning to use the Internet as a new sales channel, replacing personal visits, email and telephone orders as an online order management costs 5% less than traditional means to do so. However, the emergence of electronic commerce clearly forced to rethink many of the traditional trade issues; new problems arise, and even exacerbating some existing ones. In this catalog of problems, questions ranging from the legal validity of paperless transactions and contracts, the need for international agreements on trade harmonization of legislation, control of international transactions, including payment of taxes, the protection of intellectual property rights, the protection of consumers regarding misleading or unwanted advertising, fraud, illegal content and misuse of personal data to ...