Traditional Contract Rules Do Not Apply to E-Contracts

Ironclad streamlines your company`s e-contracting process at all stages of the contract management lifecycle. Request a demo to start optimizing your contract management processes. Electronic contracts or electronic contracts are a type of contract concluded online. The interaction between the parties during the conclusion of the contract can take place in different electronic ways: by e-mail, via a computer program or by two electronic agents programmed to recognize the conclusion of the contract. Before choosing a signature method for your e-contracts, you need to know your different options. Some options are less effective than others, and this list reflects the best options at the bottom. « Article 14 – It is mandatory to have in the contracts the signatures of those who contract debts, which must be in writing. This time-saving feature allows your customers to sign an electronic contract electronically from a phone, computer, tablet or other device. It is perfect if a client wants to advance a contract by an electronic signature and does not have the patience to arrive in the mail. In many cases, a customer may simply need to click the « I agree » button or fill out an electronic signature to make a purchase. As you might expect, electronic contracts can create and sign paper legal documents much faster. E-contracts solve this problem by allowing your prospects to instantly view and deploy a digital signature for an offer on a computer, smartphone or tablet, or on your e-commerce site.

In some cases, they may simply need to click the « I agree » button to complete the transaction. Greater efficiency through electronic transactions can increase your conversion rates and significantly increase your revenue. They can also create a sense of urgency, as potential customers can check their emails 15 times a day (or more), no matter where they are. Below, we explore some of the benefits of e-contracting and how they can help your business. Other online contracts involve the use of digital signatures to signal consent. These include clickwrap or click-to-agree contracts. Instead of using electronic signatures, the parties accept these contracts by clicking a button or checking a box indicating acceptance. « Electronic contracting » is an abbreviation for « electronic contracting »; These are simply contracts created digitally online. Electronic contracts are similar to traditional contracts, except that they are signed online. So there are some differences.

As you can see, using electronic contracts has several advantages over traditional paper contracts. You can save money on operating costs, improve productivity and efficiency, and create more secure electronic transactions with greater accountability. Our e-contracting software can also be integrated into your CRM via the open API platform. All these costs disappear immediately when you switch to electronic contracts. You save your business not only these costs, but also time and money for your customers or business partners who don`t have to meet with you or can`t meet you personally. In the past, the entire contract lifecycle included manual contract design. Then this contract should be sent to another party or both parties should meet to negotiate. During a negotiation, the contract must be returned both ways or the parties must meet constantly – the negotiation phase can last forever, depending on the severity of the document and the people involved. There are many differences between electronic and traditional contracts.

Electronic contracts accepted as distance and participation contracts are classified in Turkish law of obligations as « contracts between parties who are not present ». Although there are differing opinions on this subject in the literature, it should be noted that, according to the provisions of Article 4 of the TCO, « offers made in direct communication with means of communication such as telephones and computers shall be deemed to have been made between the parties present ». In this context, the type of technological equipment used and the periods of offer and acceptance are of great importance when drawing up an electronic contract. In this context, in accordance with the Regulation on « Absentee Contracts » pursuant to Article 11 of the TCO, the process for creating electronic contracts is as follows: How have these traditional contractual rules been applied online? Courts that have dealt with changes online have generally respected these traditional contractual principles, ruling that attempts to amend are unenforceable if the person to whom the amendment is proposed has no reason to know about the proposed changes to the agreement.