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Simple English definitions for legal terms
computer-information transaction
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A quick definition of computer-information transaction:
Term: COMPUTER-INFORMATION TRANSACTION
Definition: A computer-information transaction is an agreement that is made to create, change, move, or give permission to computer information or the rights to use computer information. This means that people agree on how they will use and share information that is stored on computers.
A more thorough explanation:
A computer-information transaction is an agreement that is focused on creating, modifying, transferring, or licensing computer information or the rights to use computer information. This type of transaction is protected by copyright laws.
- A software company selling a license to use their software to a customer.
- An author selling the rights to their e-book to a publishing company.
- A company hiring a web developer to create a website for them.
These examples illustrate how a computer-information transaction can occur in different ways. In the first example, the software company is transferring the right to use their software to the customer in exchange for payment. In the second example, the author is licensing the rights to their e-book to the publishing company for a fee. In the third example, the company is hiring a web developer to create a website for them, which involves creating and modifying computer information.