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UN Convention on the Use of Electronic Communications in International Contracts comes into force - July 2006
Galexia has written an article outlining how and when the United Nations Convention on the Use of Electronic Communications in International Contracts 2005 (the UN Convention on Electronic Contracting) will come into force. The Convention aims to improve the legal certainty and commercial predictability of electronic contracts. This is achieved through a number of provisions in the Convention, including those which establish the functional equivalence of electronic communications and signatures with their paper-based counterparts and those which set rules to assist in determining when and where an electronic communication has been sent and received.
The Convention was adopted by the UN General Assembly in November 2005 and has since received six signatories. A number of important economies have been quick to sign and endorse the Electronic Contracting Convention and it appears that it will play a significant role in shaping global e-contracting law.