Despite the many measures now in place to contain the spread of the COVID-19 pandemic, it will take a long time before life as we know it will get back to ‘normal’. During this time of social isolation and national lockdowns, it is very important for businesses to develop long-term strategies to ensure uninterrupted business continuity (or at least minimal downtime) until they can pick up where they left off. One such strategy is to take recourse to the provisions of the Information Technology Act, 2000 (“IT Act”) for the electronic conclusion of contracts. Thus, eliminating paper-based contracts in favour of e-contracts can be a useful component of a company’s Business Continuity strategy.
726 total views, 1 views today