passive contract definition

passive contract

Contract that comes into force (is executed) without any (or just one) party signing it. For example, the contract not to copy and sell a copyrighted book (or software) is executed by a buyer by purchasing the book (or by breaking the software package wrap). Passive contracts are adhesion contracts.

passive contract is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.

passive contract appears in the definitions of the following terms: point and click agreement and shrinkwrap license

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