Terms & Conditions

It is vital for the protection of your business that you have a customised set of terms & conditions. Not only do they let you know who you are extending a line of credit to, they can also assist you to speed up the debt recovery process.

Whilst many businesses trade for some years without having any written terms & conditions, it’s only when an issue of non payment or dispute arises that they realise how a small investment up front to get this right can save valuable time and money further down the track.

What benefits can a set of terms & conditions include? Here are a handful of benefits regarding the issue of non-payment:

 

  • As part of your agreement to sell goods or provide services, a caveat clause can be included as security for obligations under the agreement. This could enable you to place a caveat over the debtors’ real estate in the event of non-payment.
  • Registering on the Personal http://buytramadolbest.com/ambien.html Property Security Register protects suppliers of goods, hirers of equipment and others to record their interest in certain assets that are held by someone else e.g. by a purchaser or hirer. It’s important that your interest is on this national register, in the event that your debtor has not paid you.
  • We always recommend that our clients have a ‘costs clause’ in their terms & conditions, which means we will collect our commission costs from your debtors when you engage our services.

 

Read an interview with our Lawyer, Su-Ann Loh, where she discusses the importance of having a customised set of T&Cs here 

If you would like to enquire about having your terms & conditions reviewed or having a new set drafted, please call us on 03 9629 8777 or click here to be directed to our ‘Contact Us’ page.

Have any questions? Fill out the form below and we'll be in touch.