Terms of Business

Most businesses use standard terms of business, usually terms and conditions for the sale of goods or the supply of services. Whatever the nature of your business, we will work with you to produce or review standard terms of business that improve your legal position in your trading relationships.

For many businesses, your terms of business will be the most important commercial contract document you will ever invest in.  Get it wrong and your business may find itself unable to repossess unpaid goods when a customer becomes insolvent or may find yourself exposed to unlimited liabilities in the event of late supply or the supply of defective products. For these reasons, we take standard terms of business very seriously.

On many occasions we see standard terms of business fail because they have simply not been incorporated into the contract between the parties. We will spend time to ensure that your terms of business are properly incorporated into contracts with customers or suppliers.

Once you have standard terms of business, you should have them reviewed regularly to ensure they are still fit for purpose.

Also, from time to time, new legislation or case law means that standard terms of business need updating to ensure that you contain to trade on terms that are beneficial to you.