legal framework for electronic transactions

The legal framework for electronic transactions sets the rules to ensure fairness, security, and trust when buying or selling online. It covers how electronic agreements are made, how to verify identities, and how to handle disputes. Laws specify that digital signatures are as valid as handwritten ones, and electronic records are legally acceptable. This framework aims to protect consumers and businesses by establishing standards for secure electronic communication, preventing fraud, and ensuring that electronic transactions are recognized and enforceable under law. Overall, it creates a safe environment for digital commerce to thrive.