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VACCINATE - TERMS OF TRADE
Terms of trade along with an appropriately completed form are the contract you have with your client. Whilst every business is different there are certain similarities in the purpose and reason for having a contract with your client.
These similarities are that all terms of trade are used to:
1. Assist with collection of overdue accounts
2. Protect your business from liabilities
3. Sort out the legal loopholes
Listed below are clause headings which should be included in most terms of trade:
| Collection |
Protection |
Legal |
| Default & Consequences |
Limitation of Liability |
Definitions |
| Privacy |
Warranties |
Quotes |
| Title |
Disputes |
Consumer Guarantees Act |
| PPSA |
Risk |
Acceptance |
| Caveat and Mortgage |
Lien
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Subcontract |
| Payment |
Cancellation |
Assignment |
| Delivery |
Copyright |
Failure to Enforce |
| Defects |
Jurisdiction |
Variations to Contract |
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Force Majure |
Bound to Errors |
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Notice of name and address change |
The easiest way to find out what is required for your business is to have a Cash Flow Doctors terms of trade check up. This is a no obligation process where we come to your business and use our expertise to make recommendations regarding the content of your terms of trade.
Contact us today to take advantage of our FREE terms of trade check up offer.
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