A contract that does not allow room for changes in terms. A good example is...
A standardized set of agreements offered by one (usually the stronger) party to another on a ``take it or leave it' basis. An insurance policy is an example of such a contract. The insurer offers a personal auto policy, for example, that an individual may ``adhere to' (or not) but in any case the individual may not change any of its terms. Because it has the stronger position, the insurance company has the burden to spell out its terms precisely. Such contracts are interpreted strictly against the author of the contract. Not to be confused with aleatory contract.
A form contract prepared by one party, often a bank or consumer lender, presented to the other party while offering the other party no chance to negotiate the terms of the contract.
A take-it-or-leave-it agreement.
a contract that heavily restricts one party while leaving the other free (as some standard form printed contracts); implies inequality in bargaining power
a bargain drafted unilaterally by a dominant party, and presented as a final offer to a party with very little bargaining power
a contract between two parties
a contract drafted by one party and reduced to a form agreement that generally presents no opportunity for negotiation
a contract where one party has more power than the other in composing and drafting the contract
a standardized contract prepared entirely by one party to the transaction for the acceptance of the other
a standardized form offered to consumer purchasers on a take it or leave it basis
A contract where the bargaining power of the parties is so unequal that the terms are offered on a "take it or leave it" basis, with no opportunity to negotiate. Insurance policies are an example. Where there is any ambiguity in the terms of an adhesion contract, the ambiguity will be interpreted against the person who wrote the contract and in favor of the reasonable expectations of the non-drafting party.
An insurance policy is a contract where the insurance company has the power in composing and drafting the contract.
A standard form contract that must be accepted, as is, by all who engage in a specific activity or purchase a given product or service (Example: Insurance policy).
a pre-printed contract that usually favors the presenting party, usually with nonnegotiable terms.
A contract which is very one-sided and favors the party who drafted the document.
Contract with standard, often printed, terms for sale of goods and services offered to consumers who usually cannot negotiate any of the terms and cannot acquire the product unless they agree to the terms.
See Contract of adhesion.
A fine-print consumer form contract which is generally given to consumers at point-of-sale, with no opportunity for negotiation as to it's terms, and which, typically, sets out the terms and conditions of the sale, usually to the advantage of the seller.
A legally enforceable contract which is offered on a "take it or leave it" basis, leaving no opportunity for the purchaser to negotiate and must be accepted "as is," putting the purchaser at a distinct disadvantage.
A contract in which one party has been able to forcibly extract concessions from another party due to significantly unfair economic bargaining power.
