Fri 12 Aug 2016

Time is Running out for Businesses to Review their Small Business Standard Form Contracts

Yesterday, ACCC Deputy Chair Dr Michael Schaper warned businesses that the time to review their standard form contracts for unfair contract terms is running out. The new business-to-business unfair contract term laws will commence on 12 November 2016.

  • causes a significant imbalance in the parties’ rights and obligations
  • isn’t reasonably necessary to protect the legitimate interests of the party advantaged by the term, and
  • causes financial or other detriment (such as delay) to a small business if it were relied on.

For more information, refer to ACCC’s media release