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This video discusses the issues surrounding contract formation in commercial settings, specifically in the context of standard form contracts. Companies often have their own forms with standard terms for the purchase or sale of goods, which simplifies the negotiation process. The buyer typically sends a purchase order to the seller containing specific terms such as quantity, subject matter, and price (known as the dickard terms). The back of the purchase order usually includes pre-printed standardized terms called boilerplate, which govern additional matters like shipping, dispute resolution, warranties, and cancellation procedures. If the seller accepts or acknowledges the buyer's purchase order, a contract is formed based on those terms.
