11Form of controlled contracts and variations of controlled contracts

11 Form of controlled contracts and variations of controlled contracts

11 Form of controlled contracts and variations of controlled contracts

(1) A controlled contract must be in the following form—

(a) it must specify an identifying serial number obtained from the NICC,

(b) it must be in writing in the English language,

(c) it must contain the full names, business addresses, business telephone numbers and email addresses of the parties to the contract,

(d) it must contain a full description of the goods or services to be provided under the contract,

(e) it must contain a full description of the nature and amount of the consideration for the provision of those goods or services,

(f) it must specify the period during which the goods or services are to be provided,

(g) it must specify all of the terms (other than the implied terms) of the contract,

(h) it must contain a notice in the form of Notice 1 in Schedule 4.

(2) A variation of a controlled contract must be in the following form—

(a) it must specify the same identifying serial number as the controlled contract that it varies (the original contract),

(b) it must be in writing in the English language,

(c) it must specify any change to the names, business addresses, business telephone numbers and email addresses of the parties to the original contract,

(d) it must provide full details of the variation of the terms (other than the implied terms) of the original contract, specifying any additional terms.

(3) If a variation of a controlled contract involves the addition or replacement of a party to the contract, the variation must contain a notice in the form of Notice 2 in Schedule 4.

cl 11: Am 2022 (782), Sch 1[1].