Contract Terms and Conditions Review
Regardless of size of business or market sector, it is essential for a trading business to have a set of Terms and Conditions.
Your Ts & Cs should be aligned to the type of business you run. They should be unambiguous and clearly define the commercial relationship between the parties contracting to supply and receive a product or service.
Having effective Terms of Trade (Terms and Conditions) with your customers protects both parties from misunderstanding on what has been agreed and reduces the chances of bad debt.
Additionally, it may well be a requirement of your business or professional indemnity insurers to have a signed contract between all contracting parties. For if the worst happens, this will be the first place that each party will review to determine what rights they have to seek redress.
Terms and Conditions and Credit Control Procedures Review
If you have or need to write policies and procedures for your credit control function it is imperative that they are in line with your Terms and Conditions.
At Amril, we can review and advise on changes to Terms and Conditions in line with best practice. We will then review and update, if necessary, your credit management practices and credit control procedures.