Posted by Rishi Ladwa, Associate
Competition and Markets Authority issues new consumer contract guidance
The Competition and Markets Authority has published a series of short form guidance notes for businesses trading with consumers. The guidance is designed to help businesses understand what terms in consumer contracts are likely to be considered fair and unfair.
The guidance highlights certain terms which are especially likely to be unfair (for example cancellation payments and automatic subscription renewals). The guidance is available here:
Consumer law has changed rapidly over the past few years, whether by virtue of the Consumer Rights Act 2015, the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 or otherwise.
It is important that businesses keep abreast of changes to the law regarding terms and conditions and keep theirs under review. Failure to do so could result in issues enforcing the terms and potentially investigation and enforcement action by the Competition and Markets Authority.
For more information please contact Natalie or another member of our Corporate & Commercial team.
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