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Explanation of Technology and Online Contracts
Online contracts are evolving just as fast as technology. Technology is posed as an avenue to allow two or more parties to conduct business domestically or globally. Online contracts are just as valid as traditional contracts. The laws governing online contracts remain contentious, resulting in new proposed laws. Online contracts include the purchase of an item over the Internet, access to information for particular databases, or any other agreement settled by the parties. In some cases, an electronic signature is used for accepting the terms and conditions of the contract. In other cases, the click of the 'I agree' button or I agree to the terms button, website downloads, or an email constitutes as a binding agreement.
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