E- contract its validity and legal provisions in India

Abstract

Contract has become an inevitable part of everyone’s life. In our daily life we enter into number of contracts knowingly or unknowingly. Generally we use the terms agreement and contract as synonyms. But there is big and important difference between these two words. For example, when we go to any shop and buy a packet of biscuit and pay for it, is a contract; because hereintention of the parties to be bound by the consequences arising out of contract is present. When we promise to our friend to go to watch a movie is an agreement, because this is a social agreement and is not enforceable by the courts of law, because the intention of the parties to be bound by the consequences arising out of contract is missing in such type of agreements. “Contract is an agreement enforceable by the court of law” defined in section 2(h) of Indian Contract Act 1872. Though not all agreements are contracts, only those agreements are contracts which are enforceable by law. There are different types of contracts like oral contract, written contract, express contract, implied contract, valid contract, void contract, voidable contract etc. Among all these, there is one more type of contract i.e. E- contract, which now days has gained more importance in business world. E-contract is one which is entered into through online mode. In India Indian Contract act 1872 deals with the entire contract, their validity and contractual relationships between the parties to the contract. Researcher here wants to study meaning of e- contract, laws relating to its validity, and admissibility in Indian courts. For this, researcher has used secondary method of data collection.