Part I, Section 2 · Late Payment of Commercial Debts (Interest) Act 1998

Contents

2Contracts to which Act applies.#

(1)This Act applies to a contract for the supply of goods or services where the purchaser and the supplier are each acting in the course of a business, other than an excepted contract.

(2)In this Act “contract for the supply of goods or services” means—

(a)a contract of sale of goods; or

(b)a contract (other than a contract of sale of goods) by which a person does any, or any combination, of the things mentioned in subsection (3) for a consideration that is (or includes) a money consideration.

(3)Those things are—

(a)transferring or agreeing to transfer to another the property in goods;

(b)bailing or agreeing to bail goods to another by way of hire or, in Scotland, hiring or agreeing to hire goods to another; and

(c)agreeing to carry out a service.

(4)For the avoidance of doubt a contract of service or apprenticeship is not a contract for the supply of goods or services.

(5)The following are excepted contracts—

(a)a consumer credit agreement;

(b)a contract intended to operate by way of mortgage, pledge, charge or other security; and

(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)In this section—• “business” includes a profession and the activities of any government department or local or public authority;• “consumer credit agreement” has the same meaning as in the ^noteConsumer Credit Act 1974;• “contract of sale of goods” and “goods” have the same meaning as in the ^noteSale of Goods Act 1979;

Contains public sector information licensed under the Open Government Licence v3.0.