Question

Implication of standard form of contract in new era

Answer 1

The Standard Form Contracts are standardized contracts that contain a large number of ... The law of contract has in recent time to face a problem, which is assuming new dimensions.....
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The Law of Standard Form Contracts rests on intuitions of the common mass. ... But if the paper does not express or imply conditions of the contract then it will be regarded ...Lack of clarity in contract documents can lead to disputes between contracting parties.
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The advantages of standard form contracts include reduced cost, speedy bidding, easy ... in case of “New Engineering Contracts", wherein standardized clauses are combined to.,..In this new era, standard form contract reflects a new dimension of oppression of the consumers. .... of that contract should not be interfered with and should be given full legal effect...
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