Flashcards in Business Law-Chapter 17 Deck (16):
The sale of goods and services by computer over the internet.
collection of millions of computers that provide a network of electronic connections between the computers.
World Wide Web
An electronic connection of millions of computers that support a standard set of rules for the exchange of information.
Electronic written communication between individuals using computers connected to the internet.
A unique name that identifies an individual's or company's website.
E-mail and web contracts
Contracts that are entered into by e-mail and over the World Wide Web.
Uniform Computer Information Transactions Act (UCITA)
A model state law that creates contract law for the licensing of information technology rights.
A contract that transfers limited rights in intellectual property and informational rights.
An owner of intellectual property or informational rights who transfers rights in the property or information to the licensee.
A party who is granted limited rights in or access to intellectual property or informational rights owned by a licensor.
A license that grants the license exclusive rights to use informational rights for a specified duration.
A detailed and comprehensive written agreement between a licensor and a licensee that sets forth the express terms of their agreement.
The termination of a contract by a contracting party upon the material breach of the contract by the other party.
Monetary damages that a licensor may recover from a licensee who breaches a contract
Monetary damages that a licensee may recover from a licensor who breach a contract.