In business, boilerplate is a term to describe the standard wording that is contained in warranties and other documents. Generally, the information that is boilerplate is not subject to change. Boilerplate is sometimes referred to as the fine print.
A modern day example of boilerplate would be the terms and conditions for which we click "I agree" or "I accept" when downloading software onto our computer.
Even though some wording is boilerplate, it is nonetheless part of the contract and you should assume it is relevant.
In business, boilerplate can also refer to lengthy, recurring commands in computer code.