Standard Clauses in Banking Credit Agreements and Their Relation to the Implementation of the Principle of Balance Between Contracting Parties
Nurudin Udin

Universitas Islam Bandung

Abstract

Contract Law is the totality of legal rules governing legal relations between two or more parties based on an agreement that creates legal consequences. A standard contract is any rule, provision, or condition that has been unilaterally prepared and established in advance by a business actor, outlined in a binding document and/or agreement that must be complied with by consumers. The legislators of this law accept the fact that the implementation of standard contracts is an unavoidable necessity. In reality, one party often enters into a standard contract, while the other party accepts the contract due to their weak socioeconomic conditions. National contract regulations are needed to replace the old regulations and provide equal legal standing to the parties in fulfilling their rights and obligations. This research uses a sociological juridical approach with a comparative approach. The data analysis technique used in this research is an empirical qualitative method. The results will be analyzed to show that the legal comparison of standard bank credit agreements is related to the implementation of the principle of balance for the parties credit bank.

Keywords: Standard Clauses, Bank Credit Agreements, Implementation Principle of Balance of Parties.

Topic: Law and Ethics in Terms of Islamic Perspective