Securities offerings made on the Web are subject to a panoply of federal and state regulations. But is the paper model appropriate for online transactions?
Article Abstract:
Factors contributing to the poor visibility and secondary markets for Internet offerings include the arbitrary pricing and the lack of interest of established investment bankers, both helping to make the Internet's potential for capital formation underexploited. The regulatory structure has also not fostered offerings on the Internet, with most companies having done Internet-based offerings under exemptions from the registration requirements of the Securities Act. The restrictions of these exemptions largely limit their potential as financing vehicles for companies doing Internet-based issuance.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Online, draftsmanship is still pivotal; agreements, disclaimers and disclosures should be no less formal or thorough on the Web
Article Abstract:
Companies should not let their excitement about electronic commerce blind them to the importance of observing the same legal formalities they would in any other kind of business. With online contracts, deemed assent can be made a condition of the vendor providing the goods or services, since such a contract requires no formal signature. It is generally expected that online agreements are enforceable. Online contracts typically address some or all of the following points, including services or goods, limitations, intellectual property, remedies, limitation and location of dispute resolution.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Software patentee must conduct own search; prior-art searches made by the Patent Office often are not thorough enough to be trusted
Article Abstract:
The author advises software patentees to conduct prior-art searches and not to trust the completeness and not to trust the completeness of those done by the Patent Office. The Office has not yet issued enough software patents for its patent data base to represent a good source of relevant prior art in the software technologies.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Recovery of benefits conferred pursuant to failed anticipated contracts - unjust enrichment, equitable estoppel or unjust sacrifice?
- Abstracts: You pay your money and you take your chances. The integral, the essential, and the instrumental: federal income tax treatment of governmental affiliates
- Abstracts: Youth curfews and the trilogy of parent, child, and state relations. Juvenile curfew: legal perspectives and beyond
- Abstracts: Rationing justice. The hidden federal shield law: on the Justice Department's regulations governing subpoenas to the press
- Abstracts: "Making it a federal case": a model for indigent representation. "A riddle wrapped in a mystery inside an enigma": general personal jurisdiction and notions of sovereignty