As outlined in our article explaining the new Unfair Contract Terms (“UCTs”) regime, effective from 10 November, higher maximum penalties will applicable to contracts containing UCTs.
What you should do before 10 November 2023
At Gavin Parsons and Associates, we advise our clients to carefully review relevant contracts. It is crucial to ensure that contract terms are transparent and clear, that all rights of parties’ are balanced, that contractual terms aligns with industry standards and codes and that contractual arrangements and risks are thoroughly explained to customers during the sale process.
If you need legal advice in relation to UCTs, or you are unsure about anything to do with the changes, please contact Gavin Parsons of Gavin Parsons and associates on 02 9262 4471 or email@example.com