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Standard Terms of Contract 1. Definitions 'we ', 'us and 'our means The Chancellor, Masters and Scholars of the University of Cambridge. 'You and 'your means the person, firm or company making the
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Standard terms of contract are pre-written contract terms and conditions that are set by one party and are offered to the other party as a 'take it or leave it' basis.
There is no specific requirement to file standard terms of contract, but it is recommended to keep a copy for reference.
Standard terms of contract can be filled out by replacing generic placeholders with specific details related to the contract agreement.
The purpose of standard terms of contract is to establish the rights and obligations of the parties involved in a contract in a clear and standardized manner.
Standard terms of contract should include details such as payment terms, delivery terms, warranties, and dispute resolution mechanisms.
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