E Commerce Law in the Philippines

E-Commerce Law in the Philippines

E-commerce (electronic-commerce) refers to business over the Internet. Web sites such asAmazon.com, Buy.com, and eBay are all e-commerce sites.

Types of Business

Business to Consumer

* business transactions between companies, business-to-consumer models are those that sell products or services directly to personal-use customers

* connects, communicates and conducts business transactions with consumers most often via the Internet

* larger than just online retailing; it includes online banking, travel services, online auctions, and health and real estate sites.

Business to Business

* A type of commerce transaction that exists between businesses, such as those involving a manufacturer and wholesaler, or a wholesaler and a retailer

* conducted between companies, rather than between a company and individual consumers

E-commerce Law

REPUBLIC ACT NO. 8792 OF PHILIPPINES

ELECTRONIC COMMERCE ACT OF 2000

by the Senate and House of Representatives of the Republic of the Philippines

* An act providing for the recognition and use of electronic commercial and non-commercial transactions and documents, penalties for unlawful use thereof and for other purposes .

Electronic Commerce is defined as the process of buying and selling goods electronically by consumers and from company to company through computerized business transactions. The Organization for Electronic Cooperation and Development defines it as commercial transactions based on electronic transmission of data over communication networks such as the Internet. Although the definition of electronic commerce is strictly confined to commercial undertakings, RA8792 is made applicable to both

Objectives:

* provide a secure legal framework and environment for electronic commerce.

* protect the integrity of electronic documents and electronic signatures as well as its transmission and communication so as to build and ensure the...