Standard From Contracts

A.W. Katz

Working Papers from Georgetown University Law Center

Abstract: Standard form contracts are an inevitable by-product of a mass production economy. Just as fixed costs and scale economies in production lead manufacturers to develop standardized goods, those regularly engaged in business find it advantageous to standardize the terms of which they product exchange, because this saves the expense of negotiating arrangements for each individual transaction.Among legal commentators, however, form contracts have long been received with distrust, and the rules governing their interpretation have engendered considerable controversy.

Keywords: CONTRACTS; LAW (search for similar items in EconPapers)
JEL-codes: K10 K12 (search for similar items in EconPapers)
Pages: 9 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:geolaw:97-9

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