What are standard form contracts?

Standard form contracts are legally binding agreements that are prepared by one party, usually a business or organization, for use by multiple parties. These contracts are often used in Florida when people want to buy goods or services, or develop a relationship like an employment agreement. In a standard form contract, the terms and conditions are already set by the draftsman. Generally, the party who wrote the contract will be the one who offers more favorable terms. The form contract is binding even if a party does not read all the terms and conditions, as long as they sign it. Standard form contracts will often be presented to a party without any negotiation room. The terms and conditions included in the contract are usually non-negotiable. These contracts can be used for many types of relationships, such as an employment contract, purchase agreement, corporate contract, or lease. Standard form contracts are beneficial in that they provide a legal agreement that is ready for acceptance. By using a form contract, parties can quickly and efficiently come to an agreement. However, care should be taken when signing a standard form contract, as all terms and conditions must be read and agreed to by both parties.

Related FAQs

What is the effect of an anticipatory breach?
What is the doctrine of frustration in a contract?
What is a contract?
What is an assignment of contract?
What is a contract of sale?
What is rescission of a contract?
What is a conforming acceptance?
What is the effect of a modification of a contract?
What is a durable power of attorney?
What are the legal remedies for a breach of contract?

What are standard form contracts?

Related FAQs

Related Blog Posts