New to Practical Law: Unfair contract terms toolkit
Content updates
From 9 November 2023, the use of unfair contract terms in standard form consumer contracts and small business contracts is prohibited and a court may order significant penalties for violations of the prohibition, including fines of $2.5 million for individuals and $50 million, or more in certain circumstances, for corporations.
Practical Law's new Toolkit, Unfair contract terms provides an overview of Practical Law's unfair contract terms resources to assist legal practitioners navigate compliance.