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ARTICLE · 22 MAY 2014

Have You Read Your Terms And Conditions?

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Legislation aiming to make terms and conditions fair for consumers came into effect at the beginning of April.

Isle of ManWealth Management
Katherine Johnson
Katherine Johnson
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Legislation aiming to make terms and conditions fair for consumers came into effect at the beginning of April. This will be relevant to you if your business sells goods or supplies services of any kind to consumers. This is particularly pertinent to businesses which have previously not been subject to similar consumer protection provisions, such as insurers.

The Fair Trading (Amendment) Act 2001 (Appointed Day) (No. 2) Order 2014 brings into effect amendments to the Consumer Protection Act 1991 (CPA) which were originally approved by Tynwald in 2001 but never brought into effect. The new provisions in the CPA are almost identical to the UK Unfair Terms in Consumer Contracts Regulations 1999.

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