Nice initiative from Reed Smith to help companies across everal states in the US to deal wit h the duty to notify a cyber breach.
While several jurisdictions can count on abusive clause’s laws to give shelter to consumers, France tackled such abuses between commercial entities too with a 2008-law.
The Four main takeaways are that:
- the range of actions is growing and reaches also relationship of unbalanced paower
- a ruling is not limited to the single clause but the the overall contract
- the unbalancement is quite broad as a concept, therefore rather far-reaching
- the check on the legitimity is now even extended to the price assessment.