FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R9g0tsF68ZfL1dvdj4jdg1t
Label Contractual Standardization
Preferred Label N/A
Identifier N/A
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Definition

Contractual Standardization refers to the extent to which the terms of a contract are standardized or custom-tailored. Standardized contracts have predefined terms and conditions that are universally applied, facilitating easier trading and regulatory compliance, while non-standardized contracts are customized to meet specific needs of the contracting parties.

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