Electronic Transactions Act, 2008 is involved at any stage of its formation. (2)  A party interacting with an electronic agent to make an agreement is not bound by the terms of the agreement unless the terms were capable at first of being accessed by the party prior to the formation of the contract. (3)  An electronic contract is not valid where an individual interacts directly with the electronic agent and has made a material error during the creation of an electronic record and (a) the electronic agent did not provide that person with an easy opportunity to prevent or correct the error, (b) that person notifies the party creating the electronic record of the error as soon as practicable after noticing it, (c) that person takes reasonable steps to return to the previous situation, and (d) that person has not used or received material benefit or value from performance received from the other person. Despatch of electronic record 18.  Unless otherwise agreed between the originator and the addressee, the despatch of an electronic record occurs when it enters an information processing system outside the control of the originator or the agent of the originator. Receipt of electronic record 19.  The time of receipt of an electronic record shall be determined as follows: (a) if the addressee has designated an information system for the purpose of receiving electronic records, receipt occurs at the time when the electronic record enters the designated information system, or (b) if the addressee has not designated an information system, receipt occurs when the electronic record enters an information system of the addressee through which the addressee retrieves the electronic record. (2)  An electronic record is deemed to be despatched at the originator’s registered place of business and is deemed to be received at the regis12