Essentials of E-contracts.

E-contracts is a kind of contracts formed in the course of e-commerce by the interaction of two or more individuals using electronic means, such as e-mail, the interaction of an individual with an electronic agent, such as a computer program, or the interaction of at least two electronic agents that are programmed to recognize the existence of a contract. The essentials of e-contracts are: An offer or proposal by one party and acceptance of that offer by another party resulting in an agreement consensus-ad- idem. An intention to create legal relations or intent to have legal consequences. The agreement is supported by lawful consideration. The parties to contract are legally capable of contracting. Genuine consent between the parties. The object and consideration of the contract is legal and is not opposed to public policy. The terms of the contract are certain. The agreement is capable of being performed i.e., it is not impossible of being performed.