13.07.2015 Views

Vol 7 No 1 - Roger Williams University School of Law

Vol 7 No 1 - Roger Williams University School of Law

Vol 7 No 1 - Roger Williams University School of Law

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

I. A BIT OF BACKGROUNDOver the last ten years, our economic marketplace hasdramatically changed in many significant ways.6 With the advent<strong>of</strong> the Internet and the rise <strong>of</strong> computer technologies generally, wehave witnessed the commoditization <strong>of</strong> information: informationitself has become the subject <strong>of</strong> commercial transactions, not justthe medium <strong>of</strong> performing them. This is, in essence, a key feature<strong>of</strong> our emerging information economy. Business can now beconducted at lightning speed between parties at great distancesfrom one another; national boundaries and cultural differences areboth invisible. There have been increasing demands on the law,developed in the context <strong>of</strong> different transactions, to catch up andadapt to these new transactions; cries for clarity, certainty, andinternational uniformity abound.7 Uniformity eliminates the“jurisdictional risk” <strong>of</strong> non-uniform law in cross-border activities,which is particularly a problem in Internet transactions. Acontractual code, it is argued, will facilitate information exchange;codification lowers negotiation costs by supplying <strong>of</strong>f-the-shelfterms parties can adopt, filling gaps if they cannot agree andproviding the backdrop against which negotiations occur.86. See, e.g., Neil B. Cohen, Introduction to Symposium, S<strong>of</strong>tware as aCommodity: International Licensing <strong>of</strong> Intellectual Property, 26 Brook. J. Int’l L. 3(2000). For an interesting analysis <strong>of</strong> how technology has transformed society over alonger period, see M. Ethan Katsh, The Electronic Media and the Transformation <strong>of</strong><strong>Law</strong> (1989).7. See, e.g., William J. Clinton & Albert Gore, Jr., A Framework for GlobalElectronic Commerce (1997), available at http://www.iitf.nist.gov/eleccomm/ecomm.htm(last visited <strong>No</strong>v. 11, 2001) [hereinafter Clinton & Gore, Framework].Many businesses and consumers are still wary <strong>of</strong> conducting extensivebusiness over the Internet because <strong>of</strong> the lack <strong>of</strong> a predictable legalenvironment governing transactions. This is particularly true forinternational commercial activity where concerns about enforcement <strong>of</strong>contracts, liability, intellectual property protection, privacy, security andother matters have caused businesses and consumers to be cautious.Id. The White House report noted the work being done by the United Nations and theNational Conference <strong>of</strong> Commissioners on Uniform State <strong>Law</strong>s in developing rulesgoverning electronic documents and signatures, and observed:The United States Government supports the adoption <strong>of</strong> principles alongthese lines by all nations as a start to defining an international set <strong>of</strong> uniformcommercial principles for electronic commerce. We urge UNCITRAL, otherappropriate international bodies, bar associations, and other private sectorgroups to continue their work in this area.Id. (emphasis added).8. See, e.g., Mary Jo Howard Dively & Carlyle C. Ring, Jr., Overview <strong>of</strong> Uniform

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!