Illegal Contracts Act 1970
The Illegal Contracts Act [1970] is a New Zealand law that manages how contracts are deemed illegal under either common law or under Statute.
| Illegal Contracts Act | |
|---|---|
 | |
| New Zealand Parliament | |
| |
| Royal assent | 01 December 1970 |
| Commenced | 01 December 1970 |
| Administered by | Ministry of Justice |
| Status: Current legislation | |
Under this law, all such contracts are deemed illegal, but it gives wide discretionary powers to grant relief, including granting orders such as ordering:
- validation (declaring the contract to be either partially or fully enforceable)
- variation of the contract
- restitution
- compensation (damages)
External links
- Illegal Contracts Act [1970] text of the Act
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