
Unfair Contracts: New Laws 12/11/16
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