Certaintypes of contractsare defined by the nature of the relationship between the parties entering into those agreements. Contracts of adhesion, for example, are defined less by the content of the contract or bargaining power than by the nature of the parties involved. Typically, thesecontractsare...
— contract of adhesion : a contract that is not negotiated by the parties and that is usually embodied in a standardized form prepared by the dominant party — contract under seal : a contract that does not require consideration in order to be binding but that must be sealed, delivered,...
— adhesion contract \ ad-ˈhē-zhən- \ : contract of adhesion in this entry — aleatory contract : a contract in which either party's performance is dependent on an uncertain event — bilateral contract : a contract in which both parties have promised to perform ...
Generally, contracts of adhesion are enforceable. But, they are a typical example of an agreement with unequal bargaining power. The courts usually subject them to rigorous scrutiny to determine if they are unfair and unconscionable. The courts use the test of “reasonable expectation” to determine...
Example of Adhesion Contracts Some famous examples include the contracts for the provision of public services like water and electricity. Banks and insurance companies also routinely employ these type of contracts, but sometimes it's possible that...
Example: CONTRACT OF ADHESION A contract of adhesion is a contract that is submitted to the other party on a take-it or leave-it basis. There's no bargaining of terms; either you accept the agreement or you do not accept it. Many consumer contracts are contracts of adhesion. Some contrac...
Contract of adhesion An adhesion contract, or contract of adhesion, is a document typically drafted by a party with stronger bargaining power, like a bank, and signed by a party with less bargaining power, like a home buyer. The people who are intending to buy a home can check outthe gui...
adhesion contract (contract of adhesion) n. a contract (often a signed form) so imbalanced in favor of one party over the other that there is a strong implication it was not freely bargained. Example: a rich landlord dealing with a poor tenant who has no choice and must accept all terms...
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