standard form contract

standard form contract
a contract that is not specially set out for the transaction in question but is drawn up in advance and applied to numerous transactions. Such contracts are not defined in the unfair contract terms Act 1977 but controlled by it. See McCrone v. Boots Farm Sales 1981 SLT 103; Border Harvesters v. Edwards Engineering (Perth) Ltd 1985 SLT 128. The concept is that one party is only willing to trade on a set of terms that have been thought out in advance and usually favour the party putting them forward. The other party is usually offered the terms on a 'take it or leave it' basis. A term that is not individually negotiated is more likely to be an unfair contract term by virtue of the Unfair Terms in Consumer Contract Regulations 1999.

Collins dictionary of law. . 2001.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • standard-form contract — ➔ contract1 * * * standard form contract UK US noun [C] UK HR, LAW ► a basic legal agreement that is used by an organization in many situations without allowing the employee, customer, etc. to make any changes: »Under English law the parties… …   Financial and business terms

  • Standard form contract — Contract law Part o …   Wikipedia

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • contract — a legally binding agreement between two or more parties. Glossary of Business Terms A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of… …   Financial and business terms

  • Contract — law …   Wikipedia

  • Contract — A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. The New York Times Financial Glossary * * * ▪ I.… …   Financial and business terms

  • contract of adhesion — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contract of adhesion …   Law dictionary

  • contract bridge — ► NOUN ▪ the standard form of the card game bridge, in which only tricks bid and won count towards the game …   English terms dictionary

  • contract bridge — noun a variety of bridge in which the bidder receives points toward game only for the number of tricks he bid • Syn: ↑contract • Hypernyms: ↑bridge • Hyponyms: ↑no trump * * * ˌcontract ˈbridge 7 [contract bridge …   Useful english dictionary

  • contract of adhesion — noun a contract that heavily restricts one party while leaving the other free (as some standard form printed contracts); implies inequality in bargaining power • Syn: ↑adhesion contract • Hypernyms: ↑contract …   Useful english dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”