I Parvin Banu Sirajudeen

Das indische Vertragsgesetz (Indian Contract Act) von 1872 1] regelt das Vertragsrecht in Indien und ist das wichtigste Gesetz zur Regelung des indischen Vertragsrechts. Das Gesetz basiert auf den Prinzipien des englischen Common Law. Er ist in allen Bundesstaaten Indiens anwendbar. Es legt fest, unter welchen Umst nden Zusagen der Vertragsparteien rechtsverbindlich sind. Unter Abschnitt 2(h) definiert der Indian Contract Act einen Vertrag als eine Vereinbarung, die gesetzlich durchsetzbar ist.

E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to the transactional processes that make up online retail shopping. In the last decade, widespread use of e-commerce platforms such as Amazon and eBay has contributed to substantial growth in online retail. In 2007, e-commerce accounted for 5.1% of total retail sales; in 2019, e-commerce made up 16.0%.

Corporate culture refers to the shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature. Corporate culture is rooted in an organization's goals, strategies, structure, and approaches to labor, customers, investors, and the greater community. As such, it is an essential component in any business's ultimate success or failure. Closely related concepts, discussed elsewhere in this volume, are corporate ethics (which formally state the company's values) and corporate image (which is the public perception of the corporate culture). The concept is somewhat complex, abstract, and difficult to grasp.