Terms of trade are crucial as they define the contractual obligations between you and your clients, protect your business interests, limit liability, and ensure compliance with New Zealand’s trading laws. Properly drafted Terms can significantly mitigate risks and enhance your business’s operational efficiency. Let’s ensure your terms are robust and tailored to your specific needs.
Your Trade Terms and Conditions documents set a definite legal foundation with your clients from the outset and will:
– Safeguard your earnings against potential losses.
– Shield you from possible liabilities.
– Allow for fees on overdue payments.
– Grant you the benefit of retaining ownership of goods until payment is completed (applicable in most cases involving the sale of goods).
– Afford you the ability to record goods and assets on the Personal Property Securities Register (PPSR).
– Enhance cash flow and diminish the expenses related to payment tracking.
– Streamline the process of resolving conflicts and settling unpaid bills.
– Facilitate the efficient recovery of outstanding debts.
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