Communication and the need for improved communication have been creating and resulting in technological advancements. Today, technology has stepped into the arena of computers, the internet, and the cyberspace. The advent of internet and related technologies has made irreversible changes to the world today. The world today is moving steadily towards an information society and knowledge economy; therefore it is essential that law must contribute its inputs to promote e-commerce. The Law is an organic being which has always managed to evolve to keep up with changes in society. However, the challenges posed by the growth of internet is perhaps its biggest yet not just because of its utter size, nor the speed with which it has developed. The relationship between law and the internet is based upon a simple conflict: laws exist to regulate society; the internet has created a new society founded upon the principle that it should be wholly unregulated.