It is inevitable that your business will buy and/or sell goods and/or services.  

Your business' chances of being successful will be increased if you buy and sell goods and/or services on defined terms that suit your business. This is why most successful businesses have standard trading terms for both buying and selling goods and/or services.

Whilst the Sale of Goods Act 1979 and the Supply of Goods and Services 1982, and various other statutes, provide a framework of default rights and obligations, standard terms of trade can be used to vary, exclude (except for a small number of provisions which cannot be varied or excluded) and enhance the default rights and obligations to allow you to trade on terms that best suit your business.

Review your terms

Once you have standard terms of trade, then it is worthwhile having them reviewed on a regular basis so that they remain up to date.  From time to time, new legislation or case law means that standard terms of trade need updating to ensure that you contain to trade on terms that are beneficial to you.

How we can help

Our commercial solicitors have drafted terms of trade and reviewed existing ones for a wide range of businesses. Whatever the nature of your business, we can work with you to produce standard terms of trade that improve your legal position in your trading relationships.  

Contact us now

For further information or to arrange an appointment contact a member of the commercial team on 0115 9 100 200 or email corporate@actons.co.uk or fill in the contact form below.