Distinguish between the following: The Shrink-Wrap Agreements and Electronic Data Interchange (EDI).
CS Professional · Drafting, Pleadings and Appearances · PYQS · June 2023
Distinguish between the following: The Shrink-Wrap Agreements and Electronic Data Interchange (EDI).
Answer & Explanation:
The Shrink-wrap Agreements and Electronic Data Interchange (EDI) are distinguished as under: The Shrink-wrap Agreements Shrink wrap contracts are license agreements or other terms and conditions which can only be read and accepted by the consumer after opening the product like CD ROM of software. The terms and conditions are printed on the cover of CD ROM. Sometimes additional terms are imposed when in such licenses appear on the screen when the CD is downloaded to the computer. The user has right to return if the new terms and conditions are not to his liking. Electronic Data Interchange (EDI) These contracts, used in trade transactions which enable the transfer of data from one computer to another in such a way that each transaction in the trading cycle (for example, commencing from the receipt of an order from an overseas buyer, through the preparation and lodgment of export and other official documents, leading eventually to the shipment of the goods), can be processed with virtually no paperwork. Here unlike the other two, there is exchange of information and completion of contracts between two computers and not an individual and a computer.
Topics: Commercial Contracts
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