ICC eTerms 2004
ICC offers eTerms 2004 in response to the challenges and opportunities through new technologies which shape business practice.
By agreeing to abide by ICC eTerms 2004, the parties make it clear to arbitrators and judges resolving any disputes they might have on the workings of the substantive contract between them that they do not have a dispute about the technical means by which they had contracted. With ICC eTerms 2004 in place, the parties have intentionally agreed to contract electronically. The effect: one dispute less to resolve or spend money on.
What ICC eTerms 2004 can do for you
- ICC eTerms 2004 are designed to enhance the legal certainty of contracts made by electronic means.
- ICC eTerms 2004 provide you with two short articles, easy to incorporate into your contracts, which make it clear that you and your counterparty intend to agree to a binding electronic contract.
- ICC eTerms 2004 do not affect the subject matter of your contract, and do not interfere in any way with any terms you may have otherwise agreed upon: they simply facilitate the procedures and the use of electronic means in concluding a contract.
- You can use ICC eTerms 2004 for any contract for the sale or other disposition of goods, rights or services.
- You can use ICC eTerms 2004 wherever you contract through electronic means.
ICC guide to Econtracting
As an accompanying tool to ICC eTerms 2004, the ICC Guide to eContracting explains how ICC eTerms 2004 can be applied to contracts.
ICC recognizes that the speed and ease of electronic contracting raises some risks. These anxieties can frequently, more easily be allayed in-house, through sensible, practical and flexible precautions, rather than through international legislation or through contract terms. With this in mind, the ICC Guide to eContracting provides steps that businesses can take to safeguard themselves when contracting electronically.
Click here to accesss the ICC guide to Econtracting