digital contracts

Online binding documents

Digital contracts are agreements created, signed, and stored electronically rather than on paper.

The term covers everything from clicking "I agree" on software terms to formally negotiated business agreements signed with electronic signatures.

Smart contracts—self-executing code on a blockchain—represent a more automated form: The digital contract released payment automatically when delivery was confirmed.

Also called electronic contracts or e-contracts.

Related

licensing agreements · data privacy · automation tools · dispute resolution · international trade agreements · consumer protection laws · terms of service · fine print · legally binding · supply chain management

Opposites
medium/format

digital contractsnotarized documents

Papers verified by official witness

hard copies

technological era

digital contractsoral contracts

Unwritten binding promises

execution mechanism

digital contractsverbal contracts

Unwritten binding promises

oral agreements · gentleman's agreements

Family

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