CONTEMPORARY ISSUES IN CONTRACT LAW

AUTHOR – BHAVANA . B. K. STUDENT AT VIDYA VIKAS INSTITUTE OF LEGAL STUDIES. MYSORE

Best Citation – BHAVANA . B. K, CONTEMPORARY ISSUES IN CONTRACT LAW, ILE FORTNIGHTLY REVIEW (ILE FN), 1 (4) of 2023, Pg. 14-18, APIS – 3920 – 0035 | ISBN – 978-81-964391-3-2.

ABSTRACT :

             Today, due to the electronic agreements are evolved and it is affected mainly in the field of economic. A contract issue is any form of disagreement or problem that may arised in the time of formation or performance of the contract. Every facet of your business will require contracts of some kind. In general, every people thinks like, if we enter any form of business, partnership firm, associations, etc. then make a legal contract between the parties. But, now a days so many cases were large related to fraud, cheating etc.. that’s a reason everyone aware about it and make it. We also know about, only people who are at least 18 years and sound mind may enter into contract legally. If any violation of the basic requirements occurs a contract is not enforceable. In every contract intention must also be made plain  and clearly defined. With the help of emergence of industrial evolution, westernization and totally its development, the technology is mainly advances around the whole world it has led to be the major drastic changes in the present scenario and it affects mainly in the commerce and trade either positively or negatively sometimes it will affect both. Today, The E-Commerce is developed enormously it helps lot for economically developed to some of the countries. And another hand this also one of the issues in some of the major circumstances. These leads to be increased the cases relating to crime and fraud. There are many issues and challenges in regulation of e-contract. Moreover, e contracts are electronic and it is not safe to enter into any form of business. In every contract must follow the confidentiality about our contract and its terms and conditions and it is a very sensitive information. This electronic contract sometimes fraudulently  and demand for bribery.

KEYWORDS : – Confidentiality, Awareness , Sensitive information, Bribery, Hyperbole, e-commerce, e- contract, Advice, Fraudulent.