ECA’s: The Preferred Solution Until e-Contract Law Is Better Defined

from scdigest.com

While the modern electronic environment is enabling significant gains in efficiency and productivity in procurement, it also introduces potential legal issues and challenges to sourcing professionals. While such challenges are many and varied, the more significant and pervasive ones relate to contract formation, establishment of contract terms and conditions, and contract administration. Failure to properly address these issues leaves the company open to gaps in what it thought was a clear agreement with a supplier.

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