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Don't rely on only a handshake

Only last week, I was visited by a local lawn mowing business that was quoting to manage my property on an ongoing basis. We happily parted ways with a verbal agreement to take on the job, but I received no written quote and no Terms and Conditions of Trade.

How many times as a business have you or your employees done the same and agreed on proceeding with a job by only a handshake?

What if something goes amiss?

Often, it’s only when you are looking to recover an overdue payment from a customer that you realise that not having any Terms and Conditions of Trade or not presenting it to your customer at the right time or on the correct documentation could be a costly error.

Unbeknown to you, if you do have Terms and Conditions of Trade, you may only be putting them on your invoices and unfortunately and legally that is too late.

What are Terms and Conditions of Trade?

Terms and Conditions of Trade are vital for the smooth running of your business and establish a clear legal relationship with your customers right from the beginning.  Not only that they help with:

  • Protecting against loss of profit
  • Providing indemnity from potential liabilities
  • Enabling charges to be imposed for late payment
  • Providing the advantage of reservation of title until goods are paid for (available in most circumstances where goods are sold)
  • Improving cash flow and reducing the cost of monitoring payments
  • Easing of resolving disputes and unpaid accounts

What should be included in my Terms and Conditions of Trade?

There is no one size fits all approach when it comes to drafting this documentation. All industries are different and some trades for example may need more comprehensive conditions than others.

How can we help?

Our team have assisted thousands of businesses to help safeguard companies like yours.

We will work with you to set up your necessary legally binding Terms and Conditions of Trade and are also on hand to provide you with a comprehensive range of personalised documents in addition to being on hand for any queries or implementation.

Want to know more?

Have you been thinking about tightening up your processes for when the unexpected happens? Request your complimentary consultation today. ​

Having robust Terms & Conditions of Trade is really important. With a free consultation, we will:

Fill in your details and we’ll be in touch within a day to arrange a suitable time.