Standard form contract

Type of contract between two parties / From Wikipedia, the free encyclopedia

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A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract,[lower-alpha 1] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it" position.

While these types of contracts are not illegal per se, there exists a potential for unconscionability. In addition, in the event of an ambiguity, such ambiguity will be resolved contra proferentem, i.e. against the party drafting the contract language.