Summary
Electronic contract formation, due to its many benefits, has recently become dominant form of business. E-commerce crosses natinal borders much more rapidly and easily than any other form of cross-border cooperatioon. Owing to its simplicity and minimal costs, e-commerce is considered to be one of the most profitable forms of trade. Credibility of electronic messages and authenticity of web sites are some of the issues to be addressed. However, similar problems occur in traditional trade as well. They are mostly overcome through adequate legislation; the same is to be done with regard to e-commerce. This paper presents fundamental legal elements concerning electronic contract formation. A short overwiev of legal instruments of the United Nations, European Union, Bosna and Herzegovina and Republic of Srpska is also given.
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