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Friday, 22 March 2013

Adhesion contracts and Unconscionability


Adhesion contracts and Unconscionability

Adhesion Contracts.

Preprinted contract in which the adhering party has no opportunity to negotiate the terms of the contract.

Unconscionability.

One sided bargains in which one party has substantially superior bargaining power and can dictate the terms of the contract.

    “Standard-form.”

    “Take-it-or-leave-it” adhesion contracts.

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