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Efficiency of your standard terms of business

Many of the commercial disputes that we advise on can be avoided. Business clients often enter into relationships giving periods of extended credit in the process, on the basis of incomplete, inconclusive business terms.

From a lawyer’s point of view, the best scenario in each and every case would be to see evidence of a concluded agreement before any goods or services are supplied. Such agreement needs to include provisions as to payment terms, rights of termination etc. This can be in the form of “small print”.

The writer has spent several working hours today advising a client on what the terms of an equipment lease might be. All this would have been avoided if sufficiently certain terms had been agreed with the customer before any goods or services had been supplied. This involves time well worth spending, rather than incurring legal fees on a dispute later down the line.

If you would like to speak to us about how effective your standard terms of business may be, then please let us know.

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