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 The Acts being repealed are: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.