Boilerplate provision is the term used it refer to specific standard clauses that usually appear at the end of a contract.
These provisions cover the mechanics of how the dispute between the contracting parties will be resolved.
Such as who will pay the attorney’s fees, the proper venue for filing the lawsuit, and what law it governs in the event of the dispute.
And which boilerplate provisions are included and drafted can significantly impact our rights and liabilities under the contract.
Suppose indemnification clause can be drafted as the cross indemnity where both parties indemnify each other.
And it can be the one-way indemnity where only one of the parties agrees to indemnify the other.
We don’t want to sign off on these provisions without reading them carefully because they can take significant consequences down the road if we end up in a dispute and lawsuit over the contract.
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