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Paul Harrison, Director, Master of Business Administration Program (MBA); Co-Director, Better Consumption Lab, Deakin University, Deakin University

If you want to avoid ‘giving away your first born’ make sure you read the terms and conditions before signing contracts

In 2019, a travel insurance company held a secret contest in which they included a line in the fine print of their policy promising $10,000 to the first person who spotted it.

Seventy-three policies were bought before the award was finally claimed. But those 73 who had obviously not read the policy, would not have been alone.

It seems most of us don’t read the terms and conditions of some relatively important, legally binding contracts before signing up.

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