### Question
What is the definition of form contract?


### Answer
The definition of **form contract** is as follows in *15 U.S.C. § 45b*:

> a contract with standardized terms—


(i) used by a person in the course of selling or leasing the person's goods or services

#### Citation:
  - *15 U.S.C. § 45b*
  - Heading: **CHAPTER 2-FEDERAL TRADE COMMISSION; PROMOTION OF EXPORT TRADE AND PREVENTION OF UNFAIR METHODS OF COMPETITION > SUBCHAPTER I-FEDERAL TRADE COMMISSION**

