Peruvian Legal Frame Regarding Electronic Contracts

In recent years, electronic commerce ("e-commerce") conducted via the Internet has become the fastest and most cost efficient means of communication. In fact, the influence of technology in society is now reflected across virtually all commercial sectors in all industrialized countries. Companies have been taking advantage of this technological revolution to create more efficient ways of doing business, including more efficient ways of negotiating commercial transactions. Such opportunities pose legal challenges, however. If electronic transactions are not regulated adequately, there is a risk of uncertainty and a possibility of disputes between contracting parties. The increasing number of people who act through electronic markets have created a need for adequate regulation so that private parties can rely on the enforcement of contracts that are actually consummated by way of electronic commerce.