Electronic commerce, also known as eCommerce or e-commerce, is a term for any type of business or commercial transaction that involves the transfer of information, products, or services across computer networks such as the Internet.
eCommerce and IT
eCommerce draws on several different, existing technologies such as mobile payments, electronic funds transfer, Internet marketing, online transaction processing, electronic data interchange, and modern Internet coding to operate. Currently, the phrase“eCommerce” refers to many different business aspects. For example, eCommerce websites may refer to any of the following: online shopping websites for retail sales direct to consumers, online marketplaces where third parties may sell to consumers, business-to-business buying and selling, electronic data interchanges between businesses, marketing through social media use or other Internet means, and online flash sales. Due to the variance in the types of eCommerce businesses as well as their specific needs, eCommerce websites often encounter a number of different legal issues that span different fields of law (e.g., secure transactions, bankruptcy, Internet jurisdiction, etc.).
While the advent of the Internet has made online shopping and commerce particularly visible today, eCommerce has been around since the 1970s. Only recently, however, have federal guidelines been established for regulation of electronic commerce activities.
Online Business Laws
We can assist with limiting legal liability when it comes to engaging in eCommerce. Because eCommerce via the Internet generally triggers federal law, many business owners may be unaware of the rules and regulations that apply to them. At the same time, however, some state laws may trigger based on the location of the consumer.
We can audit current procedures and policies in order to provide advice on how to properly conduct business via the Internet. Our experience in intellectual property (IP) law as well as business law will allow us to provide cost-efficient strategies and solutions while ensuring compliance with relevant state or federal laws.