What does the term boilerplate refer to in the context of contracts?

The term "boilerplate" refers to standardized language or clauses that are commonly included in legal documents and contracts. These preprinted sections or phrases are often used to streamline the drafting process, ensuring that essential elements are consistently included in various contracts without needing to rewrite them each time. Boilerplate can cover various contractual issues such as liability, dispute resolution, and governing law, providing a framework that is widely accepted and recognized in legal contexts.

By using boilerplate language, parties can save time and reduce ambiguity in contractual agreements, as these standardized provisions are often well understood in the legal environment and help ensure that important terms are addressed consistently across different contracts.