MLchartDataset catalogue

Adhesion contract

Term · Insurance and risk management · MLC-T-INS-000327

A standardized contract drafted by one party and presented to another on a "take it or leave it" basis, with little or no opportunity for negotiation. The weaker party, often a consumer, must accept the terms as written or reject the contract entirely. Courts sometimes scrutinize these contracts for unconscionable clauses, particularly in insurance policies where the insurer dictates the terms.

Table 1. Record
IdentifierMLC-T-INS-000327
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000327",
  "term": "Adhesion contract",
  "field": "Insurance and risk management",
  "definition": "A standardized contract drafted by one party and presented to another on a \"take it or leave it\" basis, with little or no opportunity for negotiation. The weaker party, often a consumer, must accept the terms as written or reject the contract entirely. Courts sometimes scrutinize these contracts for unconscionable clauses, particularly in insurance policies where the insurer dictates the terms.",
  "url": "https://mlchart.com/terminology/insurance/adhesion-contract/"
}

Record 58 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.