- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
An adhesion contract is a legal agreement between at least two parties which is one-sided favoring one party, usually the party that drafted it.
Terms of such contracts can sometimes be so grossly unfair that it beggers belief that anyone on the wrong end of the terms would sign it.
However, it must be noted that a lot of times, the predatory terms are hidden in fine print.
Courts are known to refuse enforcement of contract provisions when an agreement has been deemed as an adhesion contract.
Sometimes also referred to as a take-ti-or-leave-it contract, some common contracts that are often found to be so include:
- Mortgage loan contracts
- Franchise agreements
- Leases with billion-dollar landlords
- Life insurance policies
While this might offer some protection to victims, it is always best to know exactly what you are getting into before signing contract agreements.
There is never any guarantee that an unfair contract can be deemed as an adhesion contract.