Section 16

In this Act— “contract for the supply of goods or services” has the meaning given in section 2(2); “contract price” means the price in a contract of sale of goods or the money consideration referred to in section 2(2)(b) in any other contract for the supply of goods or services; “purchaser” means (subject to section 13(2)) the buyer in a contract of sale or the person who contracts with the supplier in any other contract for the supply of goods or services; “qualifying debt” means a debt falling within section 3(1); “statutory interest” means interest carried by virtue of the term implied by section 1(1); and “supplier” means (subject to section 13(2)) the seller in a contract of sale of goods or the person who does one or more of the things mentioned in section 2(3) in any other contract for the supply of goods or services. In this Act any reference (however worded) to an agreement or to contract terms includes a reference to both express and implied terms (including terms established by a course of dealing or by such usage as binds the parties).

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Source: legislation.gov.uk · retrieved 2026-08-15