Many business owners seem to be blissfully unaware of the ticking time bomb which is the Unfair Contract Terms legislation. The Unfair Contract Terms legislation introduces new penalties if a standard contract is entered into containing unfair contract terms after 9 November 2023. This is a nationwide law and the penalty could be $50 million. An unfair contract term can come in a number of forms including the seemingly innocuous “Entire Agreement” clause, restraints of trade an...