Conclusion of Online Contracts Research Paper Example | Topics and Well Written Essays - 1500 words

Conclusion of Online Contracts - Research Paper Example According to Deeksha Bhana and others, â€Å"an offer is an invitation by one party to create obligations with another party, which obligations will become legally binding upon the acceptance by the other party† . An offer must respect several legal requirements in order to be valid:  According to Deeksha Bhana and others, â€Å"an offer is an invitation by one party to create obligations with another party, which obligations will become legally binding upon the acceptance by the other party† . An offer must respect several legal requirements in order to be valid:  1. the offer must be made with animus contrahendi2. the offer must be complete, certain or at least ascertainable3. the offer must be communicated   to the offeree. In the online community, however, things are not so simple. Very often, these requirements are confusing or not observed by the participants, which further leads to serious legal issues. The author will analyze these legal requirements and e xplain them and the possibility of avoiding confusion at this moment.  This chapter will also analyze the concept of unilateral contract and the possibility of revocation of an offer.   1.2. Invitation to treat invitation to treat represents â€Å"an expression of willingness to negotiate. A person making an invitation to treat does not intend to be bound as soon as it is accepted by the person to whom the statement is addressed.†   Therefore, the main difference between an invitation to treat and an offer consists in their binding power. The paper will describe all the differences between these two concepts and analyze some possible situations that might occur due to the ambiguity of these two notions.  The main question that the author intends to answer in this part of the paper is: Is it an offer or an invitation to treat? In the answer to this question, the author will address to the concept of online advertisement and other important notions. This chapter will also analyze the concept of unilateral contracts and the possibility of revocation of an offer.