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What Impact Does Technology Laws Have on Business in America?

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What Impact Does Technology Laws Have On Business In America? Tracy Bennett Herzing University 02/13/2015

What impact does technology laws have on business in America?

We live in a world where laws control how America operates and how our society functions (Arndt, n.d.). We also live in a world where technology has taken over and for many it would be inconceivable to imagine living in a world without technology. Technology has changed the way we live and communicate (Winston & Edelbach, 2014, p. 2). Technology has also changed the way companies conduct business. It has opened up new opportunities for companies to gain more business but at the same time has also created new ethical problems and therefore lawmakers have had to design new technology laws that have had a major impact on American businesses. Technology laws can impact American businesses in a variety of ways from software licensing agreements, privacy issues, and the use of electronic signatures.
In order to keep up the pace with changing technology businesses continuously change their operating software (Information Technology Law, n.d.). Continuously changing software programs has the benefit of greater profitability for the company but at the same time it can also create some major problems. Business managers and owners can run into legal issues if they do not fully understand the rules and laws of the licensing agreement which could result in a huge lawsuit against the company. For example a typical licensing agreement can contain specific provisions concerning the software’s warranty, installation and troubleshooting process, and even the number of times a particular piece of software can be downloaded on to the computer. It is because of this that managers and owners should make sure they absolutely understand all the terms of the licensing contract

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