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Unfair contract terms

17 March 2015

As part of a wider consumer law reform in New Zealand, amendments have been made to the Fair Trading Act 1986 to provide for a new 'unfair contract terms' regime. Under the regime, standard form consumer contracts (ie, consumer contracts that are not negotiated and are in a take-it-or-leave-it form) will be prohibited from containing terms that a court declares to be unfair. Mark Hargreaves and Lydia Wallis explain.

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