Watertight Terms of Trade
documentation are critical to every business’s profitability. Your terms of
trade will help prevent profit leakage, give indemnity from any potential
liabilities, and importantly, allow charges to be imposed when late payments do
Terms of Trade
Documentation can also provide you the advantage of ‘retention of title’ until
goods are actually paid for. This is available in the bulk of circumstances
where any goods are sold.
Having effective and straight
forward and Terms of Trade and Credit Management policies in place will
simplify procedures and aid in full recovery of collection costs.
Terms of Trade
documentation when correctly worded will establish a clear legal relationship
with your customer from the outset and:
• Increase the volume of your cashflow.
• Reduce the cost of monitoring incoming payments.
• Assist in resolution of account disputes.
• Prevent customers from taking advantage of your business at the expense of
your own, and shareholder’s capital.
Think about this: if you
don’t have correctly worded terms of trade in place, but your competitors do,
you effectively work without reward while your competitors are being paid
regularly, and on time.
Terms of Trade – Tailored
Specifically To Your Business
Because your business is individual in the way it operates, Prime Collections
tailor correctly worded Terms of Trade documentation complete with your company
logo, specifically to your business’s individual requirement.
Apart from complete Terms
and Conditions of Trade Documentation, Prime Collections will also completely
customise for you the following Terms of Trade essentials:
• Work Authorisation
• Credit Applications
• Sales Orders
• Estimate and Variations
• Personal Guarantees and Indemnities
Plus ensure your Terms of
Trade covers you for:
• Privacy Act 1988
• Fair Trading Acts
• Commonwealth Trade Practices Act
• Time limit for defects
• Retention of title
• Recovery of Costs, Interest and Expenses
Call now for an initial
free consultation 1300 577 463 or email us at: [email protected] .au