Terms and Conditions are an essential element of every business as they set out the responsibilities of each party in a transaction. They are multifunctional in their use and have the following benefits:
- Managing parties’ expectations
- Minimising the likelihood of a dispute arising with a client
- Minimising ambiguity and misunderstanding between business and client
- Providing water-tight protections for your business
- Clarity with consequences in the event of late or non-payment.
Further, for some businesses – full payment of the price prior to the commencement of work cannot always be expected. With that in mind, a robust set of terms and conditions is so vital in clearly identifying payment terms and the consequences of a client failing to make payment.
Business terms and conditions can also differ and is often dependent on the type of business you run. For instance, a business that specialises in ecommerce will require terms and conditions that focuses on online sales and can often be in the format of a clickwrap agreement. On the other hand, a business that provides software-as-a-service (SaaS) will often require in-depth understanding of the product and a highly specific set of SaaS terms and conditions.
At Biz Lawyers and Advisory, our team has a wealth of experience in writing terms and conditions for various businesses – both big and small. We pride ourselves in producing carefully curated terms and conditions that are specific to your business needs. For an initial discussion about your business terms and conditions, contact us today.