Standard Clauses in Commercial Contracts

Standard clauses in commercial contracts are essential components that ensure clarity, fairness, and enforceability of the agreement. These clauses typically include confidentiality, which mandates that all parties keep sensitive information private, protecting trade secrets and proprietary data. Another crucial clause is force majeure, which exempts parties from liability if unforeseen events, such as natural disasters or acts of terrorism, prevent them from fulfilling their contractual obligations.