Legal Aspects of Supply Chain Management Essay - 2010 Words

Legal Aspects of Supply Chain Management Internet has definitively changed the relationships of the company with the different business partners of the supply chain. E-Commerce/E-Business is any ‘net’ business activity that transforms internal and external relationship to create values and exploit market opportunities driven new rules of the connected economy.†(Damanpour 2001). It refers to all forms of business activities conducted across the internet. This can include E-tailing, B2B, intranets and extranets, online advertising (e.g. advertising banners), and simply online presences of any form that are used for some type of communication (customer service for example). With internet the†¦show more content†¦Contracting via internet involves some problems and issues such as the validity of a contract in the web, the e-signature, which jurisdiction and law may apply to you and the problem of the taxation. I explored some problems of contracting online. The article 5 chapter II of the EU directive 2000/EC explains that before contracting, general information about the seller must be provided. â€Å"As there is no place to negotiate, a website should make clear where a business is located e.g. by ensuring all main entry and information pages on the site include the companys location† and â€Å"give a list of applicable terms and conditions† (Elborne 2000). The seller must provide his name, geographic and electronic address, full price etc. and â€Å"where the activity is subject to an authorisation scheme, the particulars of the relevant supervisory authority†Ã‚ ². The buyer must have complete information of the service provider and must be able to contact him rapidly. Basically the law of traditional contract must be applied in the same way in the electronic commerce however in internet is to know when and where the contract is formed. The seller should â€Å"make clear the procedure that must be followed be fore the contract is formed† (Elborne 2000). The acceptance of the offeree is very important because without acceptance there is no contract. In UK, theShow MoreRelatedAspects Of Supply Chain Management1209 Words   |  5 PagesAspects of Supply Chain Management Introduction The basic reason for negotiating a contract is to reduce risk, and establish who bears the cost of the risk incurred. Identifying the responsibility of the parties and avoiding finger pointing when a business operation goes bad. Perkins (2008), in studying risk and reward contracts states that risk and reward contracts are highly specialized, and require careful and creative management to create. 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