The Internet has revolutionised the way modern society lives, interacts with each other, shares information and conducts its business.
At first, it was only for the use of government and scientific organisations. But as the Internet welcomed people and businesses, it created a marketplace of ideas that generated enormous economic growth all over, especially in India. Digital India, which is moving at breakneck speed, promises to accelerate this revolution.
Online e-contracts are increasingly the only way to carry out transactions on the Internet. The Information Technology Act, 2000, provides the legal framework for electronic records, digital signatures and online contracts. Online contracts include click-wrap contracts used for online transactions of both tangible and non-tangible goods and services. The users are typically required to click on a button that says, ‘I agree’, ‘I do not agree’, ‘I accept’, etc.