Short notes on Reasons for why an organisation uses standard form of contract

A standard form of contract is the most popular and widely used contract. It is also referred as an adhesion or boiler plate contract. An example of a standard form of contract is insurance policies, where the insurer decides the items to insure and the language of the contract. Contracts with government agencies or standard service providers like the Electricity or Telephone Service provider are another example, where certain clauses must be included by the law or regulation.