The phrase ‘boilerplate clause’ refers to those terms within an agreement which are standard to many agreements and which are included within draft contracts as a means of reducing organisational risk. Such clauses usually cover legal issues rather than the specifics of individual agreements. Examples include a statement as to which court has jurisdiction over the agreement, a statement asserting that the contract reflects the entire agreement between the parties, a statement asserting that nothing in the behaviour of the parties will be construed as creating a partnership, and so on. When drafting contracts, care should be taken that any clauses ‘borrowed’ from another source are appropriate for the agreement for which they are intended. See also Terms and Conditions.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.