Understanding Electronic Agreements

The COVID-19 pandemic has accelerated digital transformations. Digital solutions are increasingly needed to continue some of the economic and social activities remotely. Evidently the law also has to transform to adapt to the times we are living in. Concluding electronic contractual agreements, for a layperson, might seem suspicious, it is, therefore, important to know the requirements of concluding contracts online.

Overview

Electronic contracts can be described as a legal document created and signed online. It is essentially a digital version of a traditional paper contract. Electronic contracts are only valid if they meet the ordinary requirements of a valid contract.

There are five requirements for a valid contract under South African law and they are: