Introduction The Internet is redefining the way we work, talk and do business. The sheer volume of information available online heralds the advent of the knowledge era. It has something in store for each one of us, whatever our age, interests, pursuits. E-commerce is one such applications of the Net. In fact, this seems to just the tip of the iceberg. The mind-boggling valuation of Internet and related technology based companies portend of things to …showed first 75 words of 9692 total…

…showed last 75 words of 9692 total…or an agency, which would ensure the authenticity of a commercial transaction, is needed to boost the fledgling e-commerce. · Uniform rules and procedures: More clarity about the application of the commercial codes of the physical world e.g. the Uniform Commercial Code in the U.S., is required. The issues of jurisdiction, dispute resolution processes, legal enforceability of receipts, non-repudiation of transactions, payments and delivery in the electronic universe also need to be sorted out.