THE CONCEPT OF THE RIGHT OF RETRACTION

Abstract

The current study identifies the legal aspects associated with the retraction in the electronic contracts, the researcher adopted an analytical descriptive approach by describing and analyzing the legal aspects associated with retraction in the electronic contract, he also concluded that the active Jordanian legislation did not addressed the issue of retraction in the electronic contract to organize it, but rather, was satisfied by the provisions of general rules and jurisprudence, finally, the study recommended that the World Trade Organization (WTO) should convene an international conference to enact international rules regulating retraction in the electronic contracts in line with technical developments. In this article, we will treat a specific issue regarding the following question: how is it possible to terminate a contract? We will explain the general rule that contracts are effective when signed and discuss some exceptions, such as contracts subject to a cooling off for the consumer; contracts of particular types, for which state statute creates a right to retrieve; and situations surrounding the signing of the contract that may lead to a valid defense.