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Online Contracts Paper
Online Contracts Essay
As a matter of fact, with the rise of e-commerce facilitated by the Internet or information technology, online contracts have become very common. According to Grama (2010), online contracts refer to those agreements concluded through a technological medium or over the Internet. Even though these contracts have made business transactions faster, convenient, and easier, they present a myriad of challenges for parties entering into such contracts, such as identity and spatial or geographic problems (Grama, 2010).
Based on this week’s study, one of the pitfalls that I previously did not know regarding online contracts is that there is a federal law governs online contracts and provides that electronic contracts have the same validity as traditional contracts when it comes to interstate commerce. According to Grama (2010), this piece of legislation is the Uniform Electronic Transactions Act and its aim is the removal of barriers to e-e-commerce. Further, I did not know that just like any other contract, online contracts must be supported by consideration, acceptance, and offer to be valid. Another pitfall of an online contract is the fact that the parties do not know or physically meet each other and hence it is difficult to verify the authenticity and identity of the contracting parties. The other pitfall I was not aware of is the fact that parties to such contracts must keep copies of such contracts by printing email confrimations or screenshots.
An example of an online contract or end-user license agreement I signed that made me think was one involving the purchase of a computer software online. This was a clickwrap contract which required me to agree to or accept certain terms and conditions printed in very tiny prints on the manufacturer's website. One of the terms stated that the company would not be liable for any damage caused by the software application on the buyer's computer and that it did not guarantee the quality, authenticity, safety, and effectiveness of the program. Being in a hurry to install this application, I did not care to read the terms and conditions before clicking on the "Accept" button. After installing the software, it failed to function and on contacting the manufacturer, I was informed of the terms and conditions of use which I "signed" and agreed to when I clicked the "I Accept" button. This really got me thinking about online contracts and their validity or enforceability.....................GET A PLAGIARISM FREE COPY