Skip to main content

wex

standard contract

A standard contract is a pre-drafted agreement that is prepared in advance by one party for repeated use in multiple transactions involving different counterparties. Standard contracts streamline contracting by using uniform terms, reducing negotiation time, and promoting consistency across similar transactions.

Taxonomy upgrade extras

state action requirement

The state action requirement refers to the requirement that in order for a plaintiff to have standing to sue over a law being violated, the plaintiff must demonstrate that the government (local, state, or federal), was responsible for the violation, rather than a private actor. 

Taxonomy upgrade extras
Subscribe to wex