E-Contracts are a complex subject in the Internet age. More and more
companies, from startups to Fortune 100 companies, are creating new types
of transactions with their customers that fit into this category.
This not only includes information technology contracts, but also vendor
contracts, personal loan contracts, e-commerce, consumers and even coffee
What’s more, consumers are more and more opting to read the terms and
conditions of their Internet contracts before they sign.
Why? Because they feel they can negotiate better on their own terms.
E-Contracts are an important part of any online business. When you buy
products or services from an online store or vendor, you are usually
required to sign an electronic contract. When you buy something from
another person, you are also required to sign a contract.
Most people are familiar with an agreement that comes on the internet.
These agreements, called “terms & conditions”, “end user licenses” or “end
user agreements,” cover the use of the services.
For example, when you’re trying to decide whether to buy an online service
from a SaaS provider, there are a few factors that you should consider in
your e-contract. Your SaaS provider should offer you a quality of service,
but you should also ask about the service’s reliability. Do you have to pay a
monthly fee? Are there any additional charges that don’t appear in the price
section? What kind of support is available if you run into trouble with the
They usually have terms of service that limit what you can do with the
service or product, or how you can use it. The problem is, many people have
no awareness about the legality or enforceability of these agreements in