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Standard contract

Term · Law · MLC-T-LAW-004660

A pre-written agreement offered on a 'take it or leave it' basis, where one party has little or no opportunity to negotiate the terms. These contracts are common in consumer transactions, such as insurance policies, software licenses, and rental agreements. While efficient, they are subject to scrutiny for unconscionable or unfair clauses.

Table 1. Record
IdentifierMLC-T-LAW-004660
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004660",
  "term": "Standard contract",
  "field": "Law",
  "definition": "A pre-written agreement offered on a 'take it or leave it' basis, where one party has little or no opportunity to negotiate the terms. These contracts are common in consumer transactions, such as insurance policies, software licenses, and rental agreements. While efficient, they are subject to scrutiny for unconscionable or unfair clauses.",
  "url": "https://mlchart.com/terminology/law/standard-contract/"
}

Record 4,747 of 5,441 in Law terminology (MLC-0107). Request the full dataset.