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The Risk and Regulation of Standard Terms

Standard terms are widely used in modern society, but the risks are obvious. This article first expounds the definition of the standard terms and the characteristics of the four aspects. It also analyzes the possible risks of the standard terms: the standard contract providers are likely to expand their own rights and reduce their responsibility, while limiting the rights and raising the responsibility of their counterparts. In view of the shortcomings of the current standard terms risk prevention in China, it discusses the measures from four aspects, including legislation.