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Page 1: Practicing Alchemy on Commercial Law

Practicing Alchemy on Commercial LawPracticing Alchemy on Commercial Law

Adapting Paper-Based Legal Concepts to Adapting Paper-Based Legal Concepts to Accommodate Electronic TransactionsAccommodate Electronic Transactions

Presented at the Open Group Security ForumPresented at the Open Group Security ForumNew Orleans, LA, October 21, 2004New Orleans, LA, October 21, 2004

Richard KeckRichard KeckTroutman Sanders LLPTroutman Sanders LLP

Atlanta, GeorgiaAtlanta, Georgia404 885 3236404 885 3236

[email protected]@troutmansanders.com

Page 2: Practicing Alchemy on Commercial Law

Adapting Paper-Based Legal Concepts Adapting Paper-Based Legal Concepts to Accommodate Electronic to Accommodate Electronic

TransactionsTransactionspossession

—>control location

—>?

deliver/receive

—>?

notarize—>

?sign—>sign

writing—>

record

original—>

?

clear &conspicuous

—>?

paper—>

electronic

Page 3: Practicing Alchemy on Commercial Law

Practicing Alchemy on Commercial LawPracticing Alchemy on Commercial Law

Adapting Paper-Based Legal Concepts to Adapting Paper-Based Legal Concepts to Accommodate Electronic TransactionsAccommodate Electronic Transactions

Presented at the Open Group Security ForumPresented at the Open Group Security ForumNew Orleans, LA, October 21, 2004New Orleans, LA, October 21, 2004

Richard KeckRichard KeckTroutman Sanders LLPTroutman Sanders LLP

Atlanta, GeorgiaAtlanta, Georgia404 885 3236404 885 3236

[email protected]@troutmansanders.com