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Contracts in E-Commerce
For a contract to be valid there has to be an offer, acceptance and valid consideration. In
an ecommerce business most of the
contracts are online, where the user of the website
‘clicks to accept’ the terms and conditions/ subscription / pricing and the like.
One of the premise of the Information Technology Act (IT Act)
was to provide legal
recognition to electronic records and digital signatures, which in turn facilitates conclusion
of contracts and creation of legal rights and obligations through electronic communication.
While the ‘offer’ and ‘consideration’