Role of Indian Contract Act 1872 in the Digital World

Authors

  • Varun Kumar Associate Professor, Department of Management Science, Tecnia Institute of Advanced Studies, Delhi, India Author
  • Anuj Nanda Assistant Professor, Department of Management Science, Tecnia Institute of Advanced Studies, Delhi, India Author
  • Nidhi Arora Associate Professor Department of Management Science, Tecnia Institute of Advanced Studies, Delhi, India Author

Keywords:

Contract Policy, COVID-19, Digital Contract, Indian Contract Act,, India Contract Laws

Abstract

Everyone now uses the digital elements on a daily basis. Contracts are an integral and inevitable part of business  worldwide. The present era is also known as the digital era with  an increase in the technology. In the current century, digital  approaches change the contract landscape from a business and  consumer perspective. The Indian legal framework comprises  the different legal approaches related to contract law to ensure  the commercial activity smoothly. COVI\19(coronavirus disease of 2019) pandemic bursts all kinds of  business activity globally. Lockdown has restricted the  individual and groups to perform or meet the contract promise.  Traditional approaches to contracts are now consistently  replacing by digital contracts. Digital even using for a long  time. In India, one of the old laws named the India Contract Act  1872 is still smoothly applicable in India legal system and meet  with legal contract compliance of the current scenario even in  the COVID-19 pandemic. The purpose of this article is to  analyse the different aspects Indian Contract Act in the current scenario of the COVID-19 pandemic and the impact of digital  contract in India legal system. Some business groups and  individuals are still hesitant to adopt the digital contract  because of the cyber security and data privacy policy which  directly affects the contract. As the need of the hour, India  needs an updated legal system and laws related to digital  contracts and necessary amendments for better contract or  agreement management. 

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Published

2021-11-30

How to Cite

Role of Indian Contract Act 1872 in the Digital World . (2021). International Journal of Innovative Research in Engineering & Management, 8(6), 886–890. Retrieved from https://acspublisher.com/journals/index.php/ijirem/article/view/11989