An Adhesion Contract is, an agreement based on “take it or leave it” proposition, with no meaningful room for negotiation. An example of an adhesion contract is standard prewritten contract forms that offer goods and/or services to consumers. Most Insurance and Bank Contracts are examples of adhesion contracts. These lengthy contracts, most often, contain severe and hard to detect or understand penalty provisions for failure to pay a premium payment or a loan installment promptly. In such cases courts finds such terms “Unconscionable,” and will not enforce them.
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