Online Contracts-Controlled By Lawyers Or Technologists?

The traditional proposition which remains generally true is that "a contract is an agreement giving rise to obligations which are enforced or recognized by law".¹ It can be formed by a variety of methods which includes also the internet. Indeed, online contracts are now part of our every day life and are growing exponentially. However, valid contract formation over the internet is fundamentally important to electronic commerce and its further development. It appears that the courts and the majority of legal commentators² agree that online contracts are valid, legally binding and enforceable provided that they meet all of the essential requirements of a valid contract formation those being offer and acceptance, consideration, intention to create legal relations upon certain agreed terms .