Trading Terms and Conditions Specialist legal advice on business trading terms and conditions from solicitors in Milton Keynes

At Heald Solicitors in Milton Keynes, we have a strong commercial focus and can draw up bespoke trading terms and conditions to cover your specific business requirements. We have experience across a range of different sectors dealing with both goods and services. We will also ensure that our clients always have a good understanding of their terms and conditions, what they mean and their implications, so that they can be used effectively by them and their employees.

What should be included in a business’s terms and conditions?

Terms and conditions can vary widely depending on the business they are created for. They should take into account the unique way a business operates and its objectives. The following issues are generally covered:

• Details of the goods or services to be provided;
• How and when they will be delivered, to include details of costs;
• Prices;
• Payment terms, such as time limits and options for payment by instalments;
• Limiting of liabilities;
• Credit terms;
• Data protection;
• A procedure for dealing with faulty goods or failures in service provision;
• Penalties for late payment;
• A clause setting out the requirements if the parties wish to amend the contract;
• A termination clause to allow the business to end the contract.

Benefits of bespoke trading terms and conditions

It is always in a business’s best interests to have its terms and conditions tailored to its unique needs, rather than taking the chance that a template document will provide adequate protection.

An experienced commercial solicitor will be able to run through trading scenarios, identify potential risks and ensure that your interests are safeguarded while also providing a degree of flexibility where necessary. With an accurate and focused contract in place, both parties know exactly what is expected of them and there is less scope for disagreement.

Should a dispute arise, your contract could end up in front of the court, in which case your terms and conditions will need to be clear and robust to carry your argument and secure the outcome you want.