Analysis of the legal and commercial challenges of electronic trading companies

Abstract

Introduction: This paper examines legal dimensions and issues of electronic business companies and on the basis of that, this main question is proposed “what are the significant and main legal challenges in the arena of electronic business? Methodology: This paper is descriptive-analytical (qualitative) and applies deduction methodology using understanding power of researcher in appreciating legal scans related to electronic business based on available facts, evidence and cues. Findings: Research findings indicated that the main and significant challenges facing electronic business companies are jurisdiction interference, agreement validities, supporting consumer rights, information confidentiality and copyright. Conclusion: Electronic Business Company is an electronic company based on electronic business that its identity is related to the concept of electronic business, as with removal of electronic component, this becomes meaningless and its activities stops. In this way, the emergence of electronic business companies is related to the concept of electronic business and development of electronic business is along with spreading its definition. Electronic component of electronic business companies also indicates modern information and communication technology that only includes internet, intranet, and command codes of mobile phone and doesn’t include other telephone communications like fixed and mobile phone, fax, telegram, etc.