Agreement For Electronic

• Category: Corporations - Technology - Agreements
• State: Multi-State
• Control #: US-01389BG
• Format: Word; Rich Text

Description

The Agreement for Electronic facilitates electronic transactions between a Purchaser and a Seller, ensuring both parties are legally bound by their electronic exchanges without the necessity of a physical signature or writing. It establishes that an electronic order is effective upon receipt and outlines terms of acceptance, emphasizing that specific goods need not be bought or sold under this agreement. A notable feature is the mutual agreement to maintain security procedures for protecting exchanged documents and data. This form allows for flexibility in handling transactions, permitting other methods of exchange as necessary. The agreement can be terminated with prior written notice, ensuring clarity on the continuation of existing transactions even after termination. Additionally, it mandates binding arbitration to resolve disputes, which can help streamline conflict resolution. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in electronic commerce, as it outlines necessary legal safeguards while promoting efficient business practices.