Boilerplate
A) refers to parts of a Contract that appear to be the same in similar contracts
B) is a mechanical requirement for most contracts
C) is not as important as other parts of the contract
D) is seldom required but has accumulated over years of use

Question

Quizplus · Accepted Answer

Boilerplate refers to the standardized language or provisions that are commonly included in contracts, and appear in similar language in multiple contracts. These provisions may include definitions, warranties, obligations, termination provisions, and more. Boilerplate is important as it helps to ensure consistency and clarity in contracts, and can help avoid disputes between parties.