Monday, May 27, 2024

𝗝𝘂𝗱𝗶𝗰𝗶𝗮𝗹𝗗𝗿𝗲𝗮𝗺™

𝙰𝙵𝙵𝙾𝚁𝙳𝙰𝙱𝙻𝙴 & 𝙰𝙲𝙲𝙴𝚂𝚂𝙸𝙱𝙻𝙴

CONTRACTMODEL ANSWER

ONLINE CONTRACTS & E COMMERCE

Briefly discuss the relationship between E-contracts and E-commerce.

E-contracts and e-commerce are closely related concepts, and both revolve around the use of electronic technologies to facilitate agreements and transactions in the modern world.

• E-Contracts (Electronic Contracts):-
Contractual agreements that are formed and executed electronically without the need for physical paper documents or face-to-face interactions
Just like traditional contracts, these contracts are legally binding and enforceable.

E-contracts comply with all the essential elements as mentioned under Section 10 of the Indian Contract Act, such as offer, acceptance, intention to create a legal relationship, free consent, competent parties, lawful consideration, and lawful object.

• E-Commerce (Electronic Commerce):-
The activity of conducting commercial transactions, including buying and selling goods or services over the Internet or open networks.

E-commerce platforms such as Amazon, Flipkart, etc. provide a digital marketplace where sellers and buyers can interact, buy & sell products, and exchange information.

Thus, E-contracts play a critical role in facilitating e-commerce transactions such as the checkout process, understanding the terms & conditions of the E-commerce websites and providing a legal framework in case of disputes and E-commerce relies on e-contracts to formalize and govern online transactions.

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