20:38
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LSDefine
Simple English definitions for legal terms
standard contract
Read a random definition: no cause of action
A quick definition of standard contract:
A standard contract is another term for an adhesion contract. This is a type of contract where one party has more power than the other and the terms are not negotiable. It is like when you buy something from a store and you have to agree to their terms and conditions without being able to change anything.
A more thorough explanation:
A standard contract is also known as an adhesion contract. It is a pre-written agreement that is presented to one party by another party with no opportunity for negotiation. The terms of the contract are usually non-negotiable and are presented on a "take it or leave it" basis.
For example, when you sign up for a new credit card, you are often presented with a standard contract that outlines the terms and conditions of the card. These terms are usually non-negotiable, and you must agree to them if you want to use the card.
Another example is when you download a new software program. You are often presented with a standard contract that outlines the terms and conditions of using the software. These terms are usually non-negotiable, and you must agree to them if you want to use the software.
These examples illustrate how a standard contract is presented to one party with no opportunity for negotiation. The terms of the contract are usually non-negotiable, and the party must agree to them if they want to use the product or service.