**ESSENTIALS OF E-CONTRACTS**
As per the Indian Contract Act, the essentials of a contract are:
(i) An offer or proposal by one party and acceptance of that offer by another party resulting in an agreement
(ii) An intention to create legal relations or an intent to have legal consequences.
(iii) The agreement is supported by lawful consideration.
(iv) The parties to contract are legally capable of contracting.
(v) Genuine consent between the parties.
(vi) The object and consideration of the contract is legal and is not opposed to public policy.
(vii) The terms of the contract are certain.
(viii) The agreement is capable of being performed i.e., it is not impossible of being performed