The benefits of a comprehensive Terms of Trade documentation in your business are vital for the smooth operation of your business. They will help protect your hard work getting sales against the loss of profit, provide indemnity from potential liabilities and enable charges to be imposed for late payments. Terms of Trade also provide the advantage of securing your interest in goods and services sold until they are paid for. Utilising the PERSONAL PROPERTY SECURITY REGISTER (PPSR) is a great asset in protecting your company’s interests.
Laurie Brenssell Credit Consultant can review your existing Terms of Trade to ensure they are current and robust or we can provide new Terms tailored to your business.
Full recovery of all your collection costs with a debtor can be a simple matter of having a straightforward and effective Terms of Trade and Credit Management policies in place.
A Correctly worded Terms of Trade documentation establishes a clear legal relationship with your customer from the beginning. This will improve cashflow and reduce the cost of monitoring payments, resolving disputes and unpaid accounts. In particular, the documentation will prevent your client from taking advantage of your business at the expense of the shareholders and their capital.
We can provide you with a comprehensive range of personalised documentation including the following:
- Terms & Conditions of Trade
- Personal & Corporate Guarantees and Indemnities
- Credit Application Forms
- Work Approval and Quotation Forms
- Variation and Multi Purpose Forms
- Do and Charge Forms
We can ensure your Terms of Trade covers you for:
Laurie Brenssell Credit Consultant can provide a service to have your new or updated Terms of Trade distributed to your existing customers and provide a help service to them should they have any queries, including training for your staff on how to use your new documents.