Companies that trade goods and offer services are required to establish their standard terms and conditions of sale to protect their liabilities and rights. Business entities are able to decrease disputes charged against their company by establishing the standard terms and conditions – this document acts as the legal agreement between customers and the company.
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The Scope of Standard Terms and Conditions
Companies offering their clients goods and services are recommended to outline the standard terms and conditions of sale. This type of agreement stipulates the terms of engaging in business activity, thus reducing the chances of customers disputing sales due to unclear communication of terms and conditions.
By specifying the liabilities and restrictions of the sale of goods and services, companies are essentially able to protect themselves against any allegations that are unsupported. The primary reason to establish the terms and conditions is to avoid unnecessary disputes that may cause retailers additional costs and hassle. The agreement ensures that the company is safeguarded against any claims that the clients may charge against it.
The following is a brief outline of the standard terms and conditions agreement:
- Delivery of goods
- Risk involved
- Limitation of liability
Individuals and companies that seek to register an offshore company and establish the standard terms and conditions of the business entity are advised to acquire the services of a professional consultancy firm. Through the advice and guidance of experienced and expert consultants, investors are able to startup their business in a professional and timely manner, whilst being in compliance with jurisdictional regulations.