It is possible to negotiate the terms of a standard form contract. Standard form contracts are generally written to benefit the interests of the person offering the contract. These contracts are usually printed with only a few blank spaces for adding names, signatures, dates etc.Įxamples of standard form contracts can include:
complaints and dispute resolution processĪ standard form contract is a pre-prepared contract where most of the terms are set in advance with little or no negotiation between the parties.guarantee provisions, including director’s guarantees.required insurance and indemnity provisions.payment details and dates, including whether interest will be applied to late payments.a description of the goods and/or services that your business will receive or provide, including key deliverables.definitions of key terms used within the contract.details of the parties to the contract, including any sub-contracting arrangements.When negotiating the contract terms make sure the conditions of the contract are clearly defined and agreed to by all parties.Ĭontracts may follow a structure that can include, but are not limited to, the following items: You cannot terminate a contract if the warranties are not fulfilled, however, you may be able to seek compensation for any losses incurred. If the contract conditions are not met it is possible to terminate the contract and seek compensation or damages.Ĭontract warranties are less important terms and not fundamental to the agreement. These terms may outline contract conditions or contract warranties.Ĭontract conditions are fundamental to the agreement. Generally it will include some terms, either expressed or implied, that will form the basis of the agreement. There is no specific format that a contract must follow. General terms and structure of an agreement
was agreed through misleading or deceptive conduct, duress, unconscionable conduct or undue influence.