# Contractual Standardization

**IRI:** https://folio.openlegalstandard.org/R9g0tsF68ZfL1dvdj4jdg1t

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R70jMZb6xYrVCXW6f3EbO1e

## Parent Class Of

- https://folio.openlegalstandard.org/R7Nem8wZFI0MFQYNxH1VhwT
- https://folio.openlegalstandard.org/RmVAavVyS3LgkctWWvZzgm

**Deprecated:** False