boilerplateclausules
Boilerplateclausules are standard contractual provisions included in many agreements to govern general aspects of the relationship and to streamline negotiation. They are typically drafted as non-negotiated or minimally negotiated text that applies across multiple contracts and deals, setting the procedural and legal framework rather than specific performance obligations.
Common boilerplateclausules cover matters such as the entire agreement or integration clause; governing law and forum
Advantages of boilerplateclausules include consistency across transactions, efficiency in drafting, reduced negotiation time, and predictable risk
Best practices involve clear definitions, avoiding contradictions with the main contract, tailoring boilerplateclausules to the transaction,