Whether it’s to provide a service, gain employment or even just downloading software, it is not unlikely that you would have selected “I agree” to terms of agreement without thinking too hard about it. However, sometimes the terms of a contract may be deemed to be unfair to the signer and could cause greater issues.
Only a court can determine whether or not a contract’s term is unfair. For example, a term in a standard form small business contract is “unfair” if it:
The court must also determine the transparency of a term when determining the unfairness of a term. A term is considered to be transparent if it is:
The term may not be transparent if it is hidden in the fine print or written in complex or legal language. A transparent term may still be considered an unfair term, regardless of the level of transparency in play.
The court must also determine and assess the fairness of the term in the context of the contract as a whole.
To ensure that your business contracts are compliant and are not at risk of having terms that are deemed unfair, ensure that you speak with a trusted legal professional today.