12. Boilerplate Clauses

Abstract

This chapter examines some standard clauses found in commercial contracts today (often known as ‘boilerplate clauses’). The focus is on commercial contracts and terms that will, in all probability, have been drafted by lawyers. The discussions cover general clauses, retention of title clauses, price escalation clauses, interest, force majeure clauses, choice of law clauses, arbitration clauses, jurisdiction clauses, hardship clauses, entire agreement clauses, termination clauses, assignment, and exclusion and limitation clauses.