Are Electronic Contracts Legally Binding?

Yes, electronic contracts are legally binding. An electronic contract is essentially a contract created and signed digitally, with both parties agreeing to its terms electronically. Despite being concluded through technology, electronic contracts must still meet the fundamental requirements of contract law, such as offer and acceptance.

Electronic contracts offer various benefits, particularly in terms of speed and efficiency. They are convenient for businesses that operate internationally, allowing parties to finalise transactions remotely without the need for physical documents or in-person meetings. However, it is still important to ensure that all other legal requirements are met, such as clarity of terms, proper documentation, and compliance with specific industry regulations, to avoid disputes or challenges to their validity.