What does Boilerplate mean? Read on to discover the definition & meaning of the term Boilerplate - to help you better understand the language used in insurance policies.
Widely used, standard clauses or provisions that are often found at the end of a contract or in the contract's fine print. Certain boilerplate provisions in consumer contracts are often unenforceable because they are deemed unconscionable, especially when the term is too one-sided in favor of the merchant. Boilerplate provisions in business contracts can be negotiated and tailored to meet a party's specific contracting requirements.
We hope the you have a better understanding of the meaning of Boilerplate.