I need help with a business law question..?

Question by judy abott: I need help with a business law question..?
Explain the theory of the Standard Form Contract. In reference to each of the following apply the theory to determine whether a standard form contract can be expected to be employed:
A) A complex financing of a project involving several tranches of credit by separate consortia of banks
B) A credit card agreement by Citibank
C) A joint venture agreement by two petroleum companies for the exploration off-shore natural gas resources

Best answer:

Answer by Phade3
A standard form contract (sometimes referred to as an adhesion contract or boilerplate contract) is a contract between two parties that does not allow for negotiation, i.e. take it or leave it. It is often a contract that is entered into between unequal bargaining partners, such as when an individual is given a contract by the salesperson of a multinational corporation. The consumer is in no position to negotiate the standard terms of such contracts and the company’s representative often does not have the authority to do so.

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