Businesses that operate on the Web must comply with the same laws and regulations that govern the operations of all businesses
Business operating on the web faces 2 complicating factors :
- Web extends a company’s reach beyond traditional boundaries.
- Web increases the speed and efficiency of business communications.
Culture affects laws directly and indirectly through its effect on ethical standards. Laws and ethical standards affect each other.
Legal Term In EC
- Power : It is form of control over physical space / people / objects that reside in that space.
- Jurisdiction : The ability of government to export control over a person / corporation.
- Contract : It is a promise / set of promises between two or more legal entities → people or corporation – that exchange values such as (goods , services or money)
Use and Protection of Intellectual Property in Online Business. [WAPDDD]
- Website Content Issues → Copyright, Patent, Trademark
- Domain names , Cybersquatting and Name stealing
- Protecting Intellectual property online