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LLM 124 - Syllabus for Online Contracting

I.          COURSE DESCRIPTION

Ms. Ana Penn and IBLS academic staff - Possible Faculty

Online Contracting : Online commerce requires a new take on contracts.  Online contracting includes the traditional elements drafting but with a new twist.  It is more likely that the closing of an E-Commerce deal will not be the result of a handshake, but will be in the exchange of electronic keys that have been authenticated by an international authentication service.  Cybernotaries will verify digital signatures, and impound accounts that reside outside of the jurisdiction of the parties may be employed to guarantee performance.  Disclaimers, licenses and warranties take on a new color when conflicts arise between U.C.C. and UNCITRAL or other model commercial acts.  The student in this course will cover the subject of contracts in the digital age. Authentication of parties, forum, statute of frauds, licensing, and consumer protection topics will be taught with emphasis on electronic commerce.

Module1

• Requirements for Online Contracts
• Drafting Electronic Agreements
• Performance/Discharge/Breach of Electronic Contracts
• Enforcement
• Authentication of Parties
• Mailbox Rule

Module 2

• Authentication of Parties
• Key Encryption
• Module 3 Authentication of Parties cont;
• Digital Signature
• Third Millennium Electronic Commerce Act

Module 4

• Choice of Law and Choice of Forum – Jurisdiction

Module 5

• Performance/Discharge/Breach of Online Contracts

Module 6

• Statute of Frauds and Electronic Communications
• Module 8 Electronic Contracts
• Online Mass Market Agreements
• Electronic Data Interchange (EDI)
• Web Site Forms
• E-mails
• Electronics Agent

Module 9

• Guidelines for Electronic Consumer Transactions
• Warranties and Disclaimers

Module 10

• Cyber-Notaries
• Module 11 Licensing
• Shrinkwrap and Web Wrap Agreements

Module 12

Online Service Providers (OSP), Agreements and Liability

Module 13

• Model Acts
• The Uniform Commercial Code (U.C.C.)
• Model Electronic Data Interchange Trading Partner Agreement

Module 14

• Model Acts cont;
• UNCITRAL Model Law on Electronic Commerce

LLM Online Course Requirements for AAFM Financial Board Certification:

• CWM Chartered Wealth Manager - Take LLM 131, and LLM200
• CTEP Chartered Trust & Estate Planner - Take: LLM111 and LLM 131
• CPM Chartered Portfolio Manager - Take LLM 222
• CRA Chartered Risk Manager - Take LLM106 and 110
• CAM - Chartered Asset Manager - Take LLM 104 and LLM 105
• CMA - Chartered Market Analyst - Take LLM 333 (Must of Masters Degree, JD or CPA)
• RFS - Registered Financial Specialist - LLM 101 and LLM 102