New York S0496 defines certain terms in standard form contracts as unconscionable.

New York S0496 amends the general business law to define certain terms in standard form contracts as unconscionable. These terms include requiring resolution of legal claims in an inconvenient venue, waiving the individual's right to assert claims or seek remedies, and other specified provisions. Courts must consider common law and the uniform commercial code when determining the enforceability of unfair terms. A party prevailing in a claim under this section is entitled to one thousand dollars in statutory damages per violation.

New York S0496 defines certain terms in standard form contracts as unconscionable.

New York S0496 amends the general business law to define certain terms in standard form contracts as unconscionable. These terms include requiring resolution of legal claims in an inconvenient venue, waiving the individual's right to assert claims or seek remedies, and other specified provisions. Courts must consider common law and the uniform commercial code when determining the enforceability of unfair terms. A party prevailing in a claim under this section is entitled to one thousand dollars in statutory damages per violation.