Major changes to contract law will come into effect on 12 Nov 2016. These changes are meant to bring fairness back into contracts often negotiated with parties in a superior bargaining position. Have you entered into a "Take It or Leave It" Contract? A term may be deemed unfair if it: 1. Causes a significant imbalance in the parties' rights and obligations; 2. Is not reasonably necessary to protect the legitimate interests of the other party ; and 3. Causes detriment to the other party. The ACCC says these terms may be unfair: "1. Terms that enable one party (but not another) to avoid or limit their obligations under the contract. 2. Terms that enable one party (but not another) to ter
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