adhesion contract

adhesion contract definition - business

adhesion contract

A one-sided agreement offered by the stronger party on a take-it-or-leave-it basis. For example, an insurance contract is presented by a large insurance company to an individual who must accept the terms of the contract or go elsewhere.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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