Question: What happens if the terms of a contract are unfair, what should I do?Answer:
You should consider what type of contract the contract is, for example, is it a small business contract or a consumer contract? If the contract is considered unfair under the new legislation then it may be considered entirely void or voidable and be terminated, or a particular clause of the agreement may be considered void or voidable and be removed from the contract. If you are unsure as to your standard form contracts or business contracts you should seek legal advice to see whether they need to be amended or updated. You are concerned that an agreement is unfair that another party has drafted you should also seek legal advice.