Judicial Modernisation Means Many Contract References Need Updating
The Contract and Commercial Law Act 2017, passed on 2 March 2017, comes into force on 1 September 2017. This new legislation is not intended to substantially alter the law. Rather it is part of the government’s judicial modernisation process.
The new Act repeals many of the statutes that are regularly quoted or cited in documents. The Acts being repealed are:
Carriage of Goods Act 1979
Contracts Privity Act 1982
Contractual Mistakes Act 1977
Contractual Remedies Act 1979
Electronic Transactions Act 2002
Frustrated Contracts Act 1944
Illegal Contracts Act 1970
Mercantile Law Act 1908 (except Part 5)
Minors’ Contract Act 1969
Sale of Goods Act 1908
Many forms of trade and general business contracts contain reference to the above Acts, which means these references will need to be updated and reviewed. It is also likely to be a good opportunity to review any standard terms and conditions.
If you would like your business contracts reviewed, please contact Tom Elvin at email@example.com