Question

discuss the element of contract law and explain the importance of "terms of service" agreements for online providers. give an example

Answer 1

Answer) The element of contract law are:

1) Offer- In this one of the party make a promise to do some task in the future. That is one party make a offer to do some work for them in the future.

2) Consideration- On completion of the work given that is offer task is completed then in return some value is given to completion party. The value can be in the form of money or effort. Consideration induces the parties to maintain the contract.

3) Acceptance- The offer can be accepted through terms of the offer and acceptance contract is done. One party sign the contract of acceptance of the offer.

4) Mutuality-  This means that both the parties agree to the basic terms of the contract which can be done through a meeting between the members of the parties.

The importance of "terms of services" for online providers.

1) Own Your Content-  We can prevent our content such as logo,patent and so on to be copied by others. In the terms of services you can tell users copying content can lead to copyright

2) User rights and responsibilities- Terms of services contains a section pertaining the user right such as proper use, membership, subscription and payment details. It also help in preventing abuses from the users.

Example- In 2011 Sony Corporation took court action and taken George Hotz him to court for violating the terms of services of the PlayStation Network.