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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Electronic Commerce Contracting for Open EDI

Electronic Commerce Contracting for Open EDI
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Author(s): Andreas Mitrakas (GlobalSign NV, Belgium)
Copyright: 2000
Pages: 16
Source title: Electronic Commerce: Opportunity and Challenges
Source Author(s)/Editor(s): Syed Mahbubhur Rahman (Minnesota State University, Mankato, USA) and Mahesh S. Raisinghani (Texas Woman’s University, USA)
DOI: 10.4018/978-1-878289-76-6.ch008

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Abstract

Open EDI is a concept appropriate to address the needs of commercial business-to-business relationships in an open environment. While open EDI, an open electronic commerce technology, can be used for ad hoc commercial transactions, delivering it over public open networks poses a challenge that contains a substantial legal component. How can the pre-transaction delay time be shortened in a way that allows for the speedy conclusion of the commercial part of the deal? Legal shortcomings can pose a potential danger for trading partners if not properly underpinned before initiating business transactions. Dynamic contracting procedures preceding the endorsement of an interchange agreement are a viable alternative to face-to-face negotiations. Recon is an on-line system to make available such a functionality over an open network by means of a repository of negotiated legal terms.

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