Electronic contracts, often referred to as e-contracts, are agreements created and signed digitally. They can be formed through various online platforms and typically include terms and conditions that both parties agree to. E-contracts are legally binding, provided they meet the same requirements as traditional contracts, such as mutual consent and consideration. These contracts are commonly used in online transactions, such as purchasing goods or services. They offer convenience and speed, allowing parties to finalize agreements without the need for physical paperwork. Popular examples of e-contracts include clickwrap agreements and electronic signatures, which streamline the process of contract execution.