Impact of Jordanian Electronic Transactions Law and Digital Transformation on Commercial Contracts and Their Proof
Associate Professor, Private Law, College of Law, Amman Arab University
Malek Hamad Abunaseir
Professor of Civil Law Imam Malik College of Sharia and Law - Dubai
Rami Omar Abu Rukba
Professor of Criminal Law- Faculty of Law- Al-Ahliyya Amman University
Abstract
Technological advancements in recent years have significantly transformed the formation, execution, and enforcement of commercial contracts. This paper examines the impact of the Jordanian Electronic Transactions Law on the legal and theoretical frameworks governing electronic contracts. Legal and practical guidelines that apply to electronic contracts are consulted to concentrate on the ramifications of this law. With a focus on the creation, legitimacy, and enforceability of electronic agreements, the paper examines the history of the law and its fundamental elements. The study also emphasizes the efficiency improvements in corporate procedures made possible by the usage of electronic records and signage. By enabling the electronic execution of transactions and the signature of important papers, these technologies lower costs and improve the globalization of corporate operations. Unfortunately, the study also points out several hazards that come with these developments, such as issues with data security, the need to adhere to various legal frameworks in different places, and technical difficulties. This study shows how Electronic Transactions Law is in line with digital transformation while maintaining the legal frameworks that support e-commerce by answering the research question and defining the fundamental elements of the framework. The findings are anticipated to be valuable for policymakers, economists, businesses, and legal practitioners, offering insights into leveraging the opportunities presented by digital contracts while mitigating associated risks.