Legal Issues Vis a Vis Online Contracts in Global Scenario

Abstract

E-contract is a new phenomenon which has grown due to E Commerce. E commerce has created new domains which has no limits in terms of commercial & business transactions. There are no territorial limits in the domain of e-contracts. Physical presence is not a major requirement in e-contracts. However, at the same time the need to govern E contracts has also raised. E contracts are vital part of the E Commerce which cannot be left in vacuum or unregulated. There are major challenges which are posed while transacting at the electronic medium. These issues and challenges need to be addressed properly in order to create a safe and secure electronic platform. The current research paper shall be discussing the basics of e contracts with the major issues and challenges faced while contracting electronically. The author shall be incorporating a few suggestions at the end to secure electronic contracts regime.