Technology today has become a vital component of society; all social interactions are embracing technology very rapidly. In business, technology is revolutionizing the way people interact and conduct business. At present, the Internet allows people to transact via Internet media, allowing them to greatly improve the efficiency and effectiveness of business. As these trends emerge, the laws and legal regulations related to conducting business through cyberspace are also evolving, just as rapidly. Discussing the parallel, the focus will be on legal trends and issues related to the use of electronic contracts and electronic signatures in conducting business today. Traditionally, bargaining was limited to the physical presence of the contracting parties. Such contracts involved many formalities such as written evidence and in some cases a witness in the transaction. With the advent of the Internet, transactions take place electronically, which has given rise to e-commerce. The rapid expansion and development of e-commerce has led to the emergence of a new legal trend, e-contracting. Electronic contracting is an emerging legal issue in electronic commerce, which aims to make electronic contracts legally binding. Electronic contracts are anchored in the principles of contract law, such that agreements resulting from such contracts are legally binding (Ottaviani, 2010). In electronic contracts, many activities involving offer, acceptance and consideration occur virtually without the parties physically meeting. Electronic contracts exist in various forms. For example, agreements can take the form of “click-wrap”, “browse wrap” or “shrink wrap”. Click-wrap and shrink-wrap agreements allow parties to enter into a binding contract… in paper… tied to such transactions. Evidently, however, businesspeople are presented with a greater challenge in keeping up to date with trends in legal issues related to cyber law to avoid harming their businesses. Works Cited Blythe, S. (2005). United Nations, European Union, United Kingdom and United States Digital Signature Law: Promoting the growth of e-commerce with greater security. Richmond Journal of Law & Technology, 11(2), 1-20. Ishak, I. (2007, October 8). Going the dot com way. The limit. Marjanovic, O., & Milosevic, Z. (2001). Towards formal modeling of electronic contracts. In Enterprise Distributed Object Computing Conference, pp. 59-68. Ottaviani, J. (2010, July 28). E-SIGN Prevents Enforcement of Emailed Contract Terms: Buckles v. Investordigs. Retrieved March 12, 2014, from http://blog.ericgoldman.org/archives/2010/07/colorado_court.htm