Legal Implications of Agreements in Digital Business: Comparative Analysis and Regulation

Abstract

In this case, talking about technological developments, it seems that it has not only changed the social aspects between humans but also influenced trade activities which until now have always changed, as well as the transaction patterns used in trade activities developing towards the digitalization process, conventional contract agreements have also shifted to digital agreements. This study uses comparative methodology analysis, which is research that aims to compare the value of one or more independent variables in two or more populations, and this study can be conducted to analyze the differences and similarities between variables which can then be used in the analysis of agreement law in digital business. Implementation in conventional agreements involves several key steps, namely Negotiation, Drafting a Contract that includes the rights and obligations of each party, Signing by the parties as a sign of agreement. In a comparative analysis of digital business agreement law, it shows that although electronic contracts are legally recognized, there are still challenges related to this, therefore a deep understanding is important regarding this aspect of applicable regulations and regulatory design.