Defines certain terms in standard form contracts as unconscionable

This bill defines specific terms in standard form contracts (where an individual didn’t draft the agreement) as unconscionable, directly affecting consumers who sign such contracts with businesses. It creates a rebuttable presumption that terms like requiring inconvenient dispute venues, waiving statutory rights, or imposing excessive fees are unfair and unenforceable. The law also establishes $1,000 in statutory damages per violation for consumers and classifies including these terms as an unfair trade practice. It applies to contracts entered into after its effective date (January 1 next year), aiming to prevent businesses from using oppressive contract terms.