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Showing posts from June, 2012

Online Contracts and their legality

In a global economy where buyers and sellers do not have to meet to conclude a contract, the validity of online contracting has gained immense importance. All the elements of a contract are sought to be effected in the circumstances of online contracting as well. Therefore the presence of a. Intention to create a lawful contractb. Lawful objectc. Agreement not expressly declared voidd. Offer and its acceptancee. Free consentf. Ability of parties to contractg. Inevitability of meaningh. Possibility of performancei. For a lawful consideration
Is essential even for an online contract. The business methods of online transactions, however, make it mandatory to define clearly the terms under which an offer and an acceptance would be termed as acceptable to the definition of a contract.To create a valid contract, there must be two or more parties. One who makes the offer and the other who accepts the offer. One person cannot make an offer and accept it. There must be at least two persons. Als…

Innovation Strategy of the US Government

Unleashing government’s ‘innovation mojo’: An interview with the US chief technology officer Todd Park explains how he has partnered technology with open-data initiatives to tap into the many talented innovators and entrepreneurs across the government. JUNE 2012 • Eric Braverman and Michael Chui Source: Public Sector Practice

In This ArticleSidebar: About this series About the authorsComments Today, innovation is almost always supported—if not driven—by technology. No stranger to this rule is Todd Park, who in March ended a three-year stint as chief technology officer (CTO) of the US Department of Health and Human Services (HHS) to take on the role of CTO of the United States. In this interview—part of a series of articles from McKinsey’s public-sector practice (for more, see sidebar, “About this series”)—Park explains how he has tried to find creative ways to use IT and data to benefit the public. Among his achievements at HHS were the launch of programs such as the consumer Web si…