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Contracts that are prepared by one party and submitted to the other party on a take it or leave it basis are classified as________.

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Contracts that are prepared by one party and submitted to the other party on a take it or leave it basis are classified as contract of adhesion.

What do you mean by contract of adhesion?

A contract between two parties in which one party (the one with greater bargaining power) specifies all or the majority of the terms is known as an adhesion contract, sometimes known as a "boilerplate" contract or a "standard form" contract.

A standard form contract is an agreement between two parties in which one of the parties sets the terms and conditions and the other party has little to no negotiating power and is thus forced to accept the terms as they are.

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