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SCHEDULE 4Validity of contracts, collective agreements and rules of undertaking

PART 1Validity and revision of contracts

3.—(1) On the application of a person interested in a contract to which paragraph 1(1) or (2) applies, a county court may make such order as it thinks fit for—

(a)removing or modifying any term rendered void by paragraph 1(1), or

(b)removing or modifying any term made unenforceable by paragraph 1(2);

but such an order shall not be made unless all persons affected have been given notice in writing of the application (except where under county court rules notice may be dispensed with) and have been afforded an opportunity to make representations to the court.

(2) An order under sub-paragraph (1) may include provision as respects any period before the making of the order (but after 1st October 2006).