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Terms of Business

A solid, legally compliant set of terms of business that are tailored to fit, are vital if your business buys and/or sells goods or services.

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.

 

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"Actons' team of ‘experienced’ advisers provides ‘clear and concise advice’. The department primarily focuses on owner-managed businesses and small-to-medium-sized enterprises, but also regularly undertakes work for banks and other funding providers."
The Legal 500 2018 (Insolvency and corporate recovery)
"The people that I have worked with have always been very, very good. I use them for their commercial acumen."
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"I would highly recommend the services of Simon Dakin, he is the ideal person to have at your side when needing commercial business advice. His great attention to detail and client focus ensures that you leave with a feeling that nothing has been to much trouble. If you want a professional, personal service from someone who cares about what he is doing, look no further."
Andy Hogben, Managing Director – Quadrant Events
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Director – Shredall & SDS
Noted for its particular investment in the private healthcare industry, Actons 'very professional' team focuses primarily on advising owner-managed businesses and SMEs on acquisitions and disposals. Simon Dakin continues to be very active in multimillion-pound corporate transactions. The 'diligent and hardworking' Peter Flowerday has considerable expertise assisting clients with corporate and commercial deals.
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