With a new law commencing on 12 November 2016, the Australian Competition and Consumer Commission (ACCC) is reminding all businesses to check the standard form contracts they use with small businesses for any unfair contract terms.
The new law aims to protect small businesses from unfair terms in business-to-business standard form contracts. Currently, many small businesses entering into contracts with larger businesses have no option but to accept all the terms of the standard form contract they are given. Under this new law, the courts will be able to strike out any terms that are considered unfair.
More information is available from the ACCC detailing which contracts are covered, the types of terms that may be unfair etc. The ACCC also provides information about what to do if you think a term in your contract is unfair.
The SBDC reminds all small businesses to contact its office if you have a contract dispute with another business, government or with a landlord/tenant and need help to reach a resolution.
21 September 2016