Expanded Unfair Contract Terms Laws in effect in November

Expanded Unfair Contract Terms Laws in effect in November

AU Energy Compliance, Compliance, NT Energy Compliance
Contracts are an integral part of our business transactions and consumer purchases in Australia. Whenever someone buys a product or service, they generally enter into a contract with the seller which outlines the rights and responsibilities of both parties. Some contracts are formal written documents while others are verbal or implied. Regardless of the form, contracts aim to provide certainty for buyers and sellers. However, some contracts contain terms that are inherently unfair to one of the parties. Unfair contract terms can limit liability for the seller, allow unfair price increases or make it difficult for the buyer to exit the contract. Standard form contracts, where the terms are set by the seller and offered on a ‘take it or leave it’ basis, often contain unfair terms as the buyer…
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