Current paper contracts are unable to meet the needs of e-commerce due to the complex process, low efficiency, poor traceability, unregulated contract management and lack of information management. However, the transaction procedures of cross-border e-commerce will be greatly simplified with the application of electronic tags.
EBS has started to provide electronic contract services to cross-border e-commerce clients through internet. The contents of electronic contract services include contract drafting, contract signing, contract management, judicial authentication, online arbitration and so on.
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