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VELMA Law
VELMA Law is based in Dar es Salaam, Tanzania. We provide Tanzanian law advice on commercial matters in a wide range of areas.
VELMA Law, Dar es Salaam Tanzanian Law Firm
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Fair Competition Commission (FCC) published a second notice in October 2015 that:
- With effect from 1 January 2016, all “standard form contracts” should be registered with the FCC and are subject for review.
- All standard form contracts in use, should also be submitted for registration and review by the FCC.
We understand the FCC position at the moment is that standard form contracts can still be registered with the FCC without late filing penalties or fines until a notice of fines shall be published in due course by FCC on their website.
A “standard form contract” is defined as an agreement created by one party that employs standardised, non-negotiated terms and conditions, usually in pre printed forms.
NOTE: This has been prepared for general information purposes for any interested persons, it is not comprehensive information on the subject matter and it should not be regarded as legal advice.