Business Terms and Conditions and Guarantees

What are Business Terms and Conditions?

Terms and Conditions define the way you are prepared to do business or supply goods and services.

They are vital in regulating the relationship between you and your customers, your suppliers and your agents.

Why do I need Terms and Conditions?

Terms and conditions give protection to you and your business assets.

Terms and Conditions give your business practices transparency.

Terms and Conditions are enforceable.

Not all terms and conditions are appropriate to all businesses. Customizing your Terms and Conditions is not only a point of difference, but also establishes specific performance criteria for measuring your business’s “health”.

Consequences of not having Terms and Conditions

Customers may delay payments well beyond your expectations and you may not even be able to charge interest on that foregone money.

You may not be able to recover the supplied goods if payment is not made because ownership has transferred on delivery.

You may have unlimited liability for any damage caused by a good, or service, you have supplied.

You may not have complied with legislation rendering your Invoices unenforceable.

You can’t regulate what is to happen in the event of a dispute.

Terms and Conditions offer protection

Terms and Conditions drafted by GJA Law can;

· ensure you set out your payment terms and consequences if not met,

· regulate the way in which your business is conducted relating to transactions, time frames, risk and ownership,

· limit your liability for any damages caused,

· outline a course of action in the event of a problem,

· retain ownership until paid,

· detail any insurance and delivery requirements/obligations,

· detail any warranties required by law for compliance.

At GJA Law, we understand how vital it is to keep business … and cash flows … turning over. Terms and Conditions drafted for your specific needs will set out a framework for you to better manage, assess performance and make changes to improve your business and bottom line profit.