andard form contract contract that is drafted one of the parties and nosed on the other with little or no opportunity for negotiation Standard Form Contracts A standard form contract is a contract that is drafted by one of the parties and imposed on the other with little or no opportunity for negotiating changes. It is often the party that provides a service or sells a product that dictates the terms of the contract. In contrast, the party that pays for a service or purchases a product may often find itself in a "take it or leave it" situation. The use of standard form contracts is widespread, and you will often encounter the following types: Service agreements-for example, contracts for office cleaning, equipment maintenance, security, Internet access, cellphone usage, and other information technology Commercial leases-for example, contracts for the rental of office space or vehicles. Equipment rental agreements-for example, contracts for the leasing of photocopiers and telephone systems. Advertising agreements-for example, contracts for direct mail inserts, print display advertisements (for example, in magazines, newspapers, or on billboards), digital advertising (for example, banner ads on websites, pop-up ads, social media campaigns, and videos), radio or television advertisements, and conference exhibition displays. Insurance policies. Although standard form contracts tend to be one-sided, and some of the standard terms may appear to be unfair, these contracts between businesses are just as enforceable as contracts that are the product of extensive negotiations. Most standard form contracts are completed successfully: the business transaction proceeds smoothly, and the terms of the contract never become contentious between the parties. Businesses should, however, exercise caution when using standard form contracts with consumers, because the law holds businesses to very strict standards in their dealings with consumers. This matter is addressed in Chapter 6. andard form contract contract that is drafted one of the parties and nosed on the other with little or no opportunity for negotiation Standard Form Contracts A standard form contract is a contract that is drafted by one of the parties and imposed on the other with little or no opportunity for negotiating changes. It is often the party that provides a service or sells a product that dictates the terms of the contract. In contrast, the party that pays for a service or purchases a product may often find itself in a "take it or leave it" situation. The use of standard form contracts is widespread, and you will often encounter the following types: Service agreements-for example, contracts for office cleaning, equipment maintenance, security, Internet access, cellphone usage, and other information technology Commercial leases-for example, contracts for the rental of office space or vehicles. Equipment rental agreements-for example, contracts for the leasing of photocopiers and telephone systems. Advertising agreements-for example, contracts for direct mail inserts, print display advertisements (for example, in magazines, newspapers, or on billboards), digital advertising (for example, banner ads on websites, pop-up ads, social media campaigns, and videos), radio or television advertisements, and conference exhibition displays. Insurance policies. Although standard form contracts tend to be one-sided, and some of the standard terms may appear to be unfair, these contracts between businesses are just as enforceable as contracts that are the product of extensive negotiations. Most standard form contracts are completed successfully: the business transaction proceeds smoothly, and the terms of the contract never become contentious between the parties. Businesses should, however, exercise caution when using standard form contracts with consumers, because the law holds businesses to very strict standards in their dealings with consumers. This matter is addressed in Chapter 6
