Question

What is contracts of adhesion? How might the business manager avoid such a contract?

Answer 1

CONTRACTS OF ADHESION:

Contracts of adhesion is also called as leonine contract , a take it or leave it contract or boilerplate contract because there is no change in future. Contracts of adhesion is contract where one party to the contract is more dominant and the other party has only limited ability or sometimes there is no ability to negotiate with the party for the benefits or favours of the either party.

Adhesion contracts are commonly used in many industries at the time of mergers, deed, acqusition etc;