This electronic model agreement provides global trading partners with mitigation guidelines addressing risks stemming from electronic trading such as information security, legal and privacy policies. The model electronic model agreement has been written to align with the regulatory frameworks and legal structures for companies engaging in Electronic Business practices. It establishes a common set of rules by which trading partners agree to construct and negotiate electronic agreements in a hosted, web based environment, thus insuring auditable and non-refutable agreements.

The international standard electronic model agreement focuses on a consistent, predictable format for electronic agreements accommodating a standard process to electronically negotiate a mutually agreed to contact. The main purposes of this electronic model agreement are listed here:

Provides an electronic model for generic partner information, agreement text and clauses.

Captures acknowledgement completion indicator of the reviewing partner.

Includes digital signatures and acceptance at an individual clause level.

Includes recommendations for configuration management and audit trail of the iterative version of the electronic agreement.

Allows the addition of proposed revisions and comments during the negotiation and in the final electronic agreement.

The data categories included in this agreement electronic model agreement are summarized below and further defined in Section 5.3, Business Information Model Definition.