New research from the Federation of Small Businesses (FSB) suggests half (52%) of small firms have been stung by unfair contract terms with suppliers, costing nearly £4 billion in the last three years. Suppliers are failing to make auto-rollover clauses clear up front (24%), tying businesses into lengthy notice periods (22%), charging high early termination…
The use of complicated and extensive Terms and Conditions (T&Cs) is under government review, Business Secretary, Sajid Javid, has announced. Last year, research from consumer group Which? found that some of the longest T&Cs were over 38,000 words, longer than Shakespeare’s “Hamlet”! The Department for Business, Innovation and Skills is now asking consumers who have…