Why do some companies utilize them and what are some of the potential risks of using a standard form contract?

Instructions This paper will be individually researched and written. Each student is to research and write their own individual paper regarding the assigned topic set forth below. ● Each paper must be a minimum of two (2) and a maximum of three (3) pages, double spaced ● Written in 12-point Arial font (this syllabus is 12 Arial)● Each paper must include a Bibliography setting forth a minimum of two (2) and a maximum of four (4) resources utilized in the drafting of the paper. The text is not to be considered a LEGL470-1 OL-Spring 20 Syllabus 7 of 12 resource As with the previous paper, this is an individual assignment. It must be your individual work and research. Your paper should be written with the same level of competency you would use for a paper you would give to your employer, your supervisor, or anyone who can seriously affect your career or life. Take time to write a great paper, watch spelling, watch punctuation, and make your paper excellent piece of work.

What is a “standard form contract”? Why do some companies utilize them and what are some of the potential risks of using a standard form contract? What some of the benefits of incorporating standard form contracts in your business?