An example of an adhesion contract is an insurance contract. In an insurance contract, the company and its agent has the power to draft the contract, while the potential policyholder only has the right of refusal; he or she cannot counter the offer, or create a new contract for the insurer to agree to.
Before signing an adhesion contract, it is imperative that you read it over carefully, as all the information and rules have been written by the other party.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
adhesion contract — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. adhesion contract … Law dictionary
adhesion contract — Standardized contract form offered to consumers of goods and services on essentially take it or leave it basis without affording consumer realistic opportunity to bargain and under such conditions that consumer cannot obtain desired product or… … Black's law dictionary
adhesion contract — noun a contract that heavily restricts one party while leaving the other free (as some standard form printed contracts); implies inequality in bargaining power • Syn: ↑contract of adhesion • Hypernyms: ↑contract … Useful english dictionary
adhesion contract — one sided contract … English contemporary dictionary
adhesion contract — A contract that is drafted unilaterally by the dominant party and then presented on a take it or leave it basis to the weaker party, who has no real opportunity to bargain about its terms. Restatement Second, Conflict of Laws § 332a, Comment e … Ballentine's law dictionary
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
contract of adhesion — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contract of adhesion … Law dictionary
Adhesion (disambiguation) — Adhesion is the tendency of certain dissimiliar molecules to cling together.Adhesion may also refer to:; In life sciences and medicine*Adhesion (medicine), a fibrous band that forms between tissues and organs *Cell adhesion, the binding of a cell … Wikipedia
contract of adhesion — noun a contract that heavily restricts one party while leaving the other free (as some standard form printed contracts); implies inequality in bargaining power • Syn: ↑adhesion contract • Hypernyms: ↑contract … Useful english dictionary
contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… … Black's law dictionary