Legal Agreements 101 - Handshakes and Emails

To make an agreement legally binding, certain components are required:

1. Offer: One party presents an offer, such as selling a product or service to another party.

2. Acceptance: Both parties agree or accept the offer.

3. Consideration: An exchange of value occurs - whether it’s goods, services, or money. For example, selling 1-Click acceptance software involves exchanging software for money.

4. Intent to Create Legal Relations: Both parties must intend to create a legal contract. In business-to-business agreements, the law typically assumes this intent. However, when it’s a business-to-consumer agreement, the consumer might not be as aware of the legal implications.

While many contracts also include details on termination, breach consequences, and dispute resolution, these four components are essential. This holds true whether the agreement is verbal, informal (like a handshake deal), or written down on paper.

Legal Contracts in the Digital Age

Even emails can be legally binding contracts, as long as the key elements - such as intent, terms, and parties involved - are clearly outlined. Email agreements are faster, more convenient, and increasingly common in today’s business world.

This is where ROGER streamlines the process.

Much like Amazon revolutionized retail with its 1-Click checkout, ROGER enables 1-Click acceptance of legal contracts via email. It’s faster and more convenient than traditional methods, allowing both parties to acknowledge the agreement swiftly and securely.

How ROGER Enhances Legal Contracts and Handshakes

Once the recipient clicks "I ACCEPT," ROGER generates a secure, immutable digital audit trail, sending both parties an executed copy of the agreement, complete with a Certificate of Acceptance featuring a globally unique identifier and hash. This process ensures clarity that both parties have agreed and removes the unnecessary steps of account creation and sign-in.

Let ROGER help you reach that legal handshake faster and with fewer headaches.

Let ROGER help you get that “Yes.”