A Generalized Framework for E-Contract

Abstract

With the growth of internet technologies, e-commerce activities are growing exponentially. It is being used in different IT applications. Electronics contracting is a major part of the e-commerce activity. Contract between the exchanging sides have been adopted as a solution that guarantees the right of participants and increases mutual trust. Electronic contract (e-contract) or Trading Partner agreement (TPA) can be done between the stakeholders involved including the payment authority, buyer & seller. Since the year 1998, open buying on the internet (OBI) protocol is being used for business to business(B2B) internet commerce. XML based frameworks such as BizTalk, commerce XML, eXML, eCo frameworks are increasingly being used to bridge the gap between the buyer and seller. Multiple e-commerce standards need to be integrated in order to have a standard framework. In this paper, the authors have proposed a generalized framework for e–contract considering the domain of e-commerce like B2B, B2C & C2C into consideration.