Electronic Contracts – The Likely ‘New Normal'

Introduction

The calamitous situation of COVID-19 pandemic and the consequent lockdown and other restrictions imposed by the Government of India have caused road-blocks for all commercial activities and posed several logistical difficulties. Several transactions which were under negotiation prior to the pandemic would be in abeyance as the physical signing of contracts has become challenging. At a time like this, companies as well as individuals have considered opting for electronic contracts (E-Contracts). An E-Contract is not a new concept and has been recognized in India even in the pre-pandemic time. In view of this pandemic, there has been an increase in the execution of electronic contracts and electronic signing of documents.