Illegal_Contracts_Act_1970
Illegal Contracts Act 1970
Act of Parliament in New Zealand
The Illegal Contracts Act [1970] is a New Zealand law that manages how contracts are deemed illegal under either common law or under Statute.
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)