1 ON-LINE CONTRACTING n What law applies? –Uniform Commercial Code, Article 2 –Uniform Computer Information Transaction Act (UCITA) - formerly UCC, Art. 2B –Common law of contracts –Regulatory law, e.g. SEC

2 ON-LINE CONTRACTING n What am I selling on-line? –Goods-UCC, Art.2 –Computer information-UCITA –Insurance - regulatory law –Securities - regulatory law

3 ON-LINE CONTRACTING n Required signature –Statute of Frauds-$500 or more, etc. –Disclaimers - express and implied warranties –Consumer laws- request for credit reports –Digital signatures

4 ON-LINE CONTRACTING n Clickwrap or Shrinkwrap Contracts –UCC Art (1): sales contracts may be made in any manner, including conduct –use of the software constitutes consent –UCITA: shrinkwrap license-”mass market license” (MML)-same license for all users –right to return software cost free –cost of restoring computer if damaged