Non-Technical Report on XML

Extensible Markup Language (XML) is a simple and very flexible text format which is delivered from Standard Generalized Markup Language (SGML). XML is basically designed to meet the challenges of large-scale electronic publishing. It is also playing an increasingly important role in the exchange of a wide variety of data on the web and elsewhere.

XML structures information in documentary systems ranging from financial reports to medical records and business contract. XML standards for specific applications are developed spontaneously by self-appointed technologies or entrepreneurs. XML’s social and economic stakes are considerable, especially when developed for the private law of contracts. XML can reduce transaction costs but also limit the range of contractual expression and redefine the nature of law practice.

To exploit XML’s advantages while minimizing risks, this Article envisions creating a publicly oriented foundation to set XML-based standards for the private law of corporate contracts. The Article’s specific inquiry concerning corporate contracts illuminates XML’s broader implications, making the standard-setting model it contributes adaptable to other contexts.

References:

Cunningham, L (2006).Language, Deals and Standards: The Future of XML Contracts. Social Science Electronic Publishing, May 05. retrieved  08 April 2008, from

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=900616

Liam Quin (2007). Extensible Markup Language (XML). W3C Architecture Domain. retrieved 08 April 2008, from

http://www.w3.org/XML/

~ by xrizix on April 9, 2008.