Legal and Economic Aspects of E-Commerce in the Czech Republic

The number of persons utilizing internet and mobile shopping is increasing in global extent. Thus, for companies the internet is becoming a competitive advantage and a possibility to raise their income. The extent of fraudulent conduct rises hand in hand with the growing volume of e-commerce, and the legal conditions of e-commerce require precise definition. The first part of the present article is focused on the legal regulation of e-commerce in the Czech Republic. The following parts outline the situation in the European Union and actual application of e-commerce in the Czech Republic. The objective of the present article is to introduce the research in the area of legal regulation of e-commerce, especially focusing on legal requirements imposed on e-shop operators. Further on, the key terms of "consumer" and "operator" are outlined. A more detailed insight is dedicated to consumer's right to withdraw from a contract and operator's information duty.