ONLINE CONTRACTS IN NIGERIA
Information Communication Technology (ICT) has revolutionalised the world in many areas including commerce and industry. The internet has brought about a brand new way of buying and selling products and services called e-commerce or online trade. Every commercial transaction whether oral, written on paper, or by other exchange of documentation, by
conduct or online involves two or more persons who reach an agreement to bind themselves to give up something in exchange
of another. This is contract. This paper examines the basic notions of the law of contract as it applies to online business
transactions. It finds that online contracts must be held to the same standards as other written paper documents; and that the
basis of every contract which is a mutual agreement between the parties enforceable by law is present in online contracts. It concludes that the essentials of traditional contract such as offer, acceptance, consideration, intention to create legal relations, and terms of contract, should also apply to online contract as they do to traditional contract with little variations
peculiar to cyberspace.