Safeguard your business from unfair contracts

Safeguard Your Business From Unfair Contracts

Safeguard your business from unfair contracts

Find out how ACCC’s consumer law is protecting small businesses.

Ensuring all small businesses are protected under the unfair contract law is a priority for the Australian Consumer and Competition Commission (ACCC) in 2017.

ACCC has announced increased scrutiny on unfair contracts and is investigating a range of industries since the introduction of the new business-to-business (B2B) unfair contract terms laws in November 2016.

What is the unfair contract law?

Under the law, small businesses are able to have an unfair term in a contract declared void by a court if at the time of agreeing to a standard form contract:

  • you had less than 20 employees
  • the contract wasn’t for more than $300,000 (or $1 million for contracts longer than 12 months).

What is an unfair contract term?

Unfair terms are terms that let one party but not the other:

  • avoid or limit their obligations under the contract
  • terminate the contract
  • vary the terms of the contract
  • be penalised for breaching or terminating the contract.

Only a court or tribunal can decide that a term is unfair.

Find out more

Original article appeared first at Business.gov.au >

Connect 2u2 Web Technologies

Australia
Phone: +61422928895
Email: connect@2u2.com.au
URL:

Monday12:00 PM - 5:00 PM
Tuesday12:00 PM - 5:00 PM
Wednesday9:00 AM - 2:00 PM
Thursday9:00 AM - 2:00 PM
Friday12:00 PM - 5:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed