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Comprehensive Terms of Trade documentation are vital for the smooth running of your business. They will help protect against the loss of profit, provide indemnity from potential liabilities and enable charges to be imposed for late payment. They also provide the advantage of reservation of title until goods are paid for (available in most circumstances where goods are sold).
Full recovery of collection costs can be a simple matter of having straightforward and effective Terms of Trade and credit management policies in place.
YOUR MONEY SHOULD BE IN YOUR ACCOUNT
It is essential that you have effective Terms of Trade in place with your customers from the beginning of your relationship with them.
Effective Terms of Trade 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 shareholders and their capital.
If your competitors have correctly worded Terms of Trade in place and you do not, then you are at a distinct disadvantage. You could be working for nothing while your competitors are paid on time.
Because every business is different individually tailored Terms of Trade are essential. Documentation supplied by EC Credit Control has been developed in conjunction with legal practitioners throughout Australia.
All documentation will include your logo and any other specific information that your business requires.
COMPREHENSIVE SERVICES
Your comprehensive personalised documentation will include the following:
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Terms & Conditions of Trade Documentation
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Credit Application forms
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Work Authorisation forms
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Quotation forms
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Sales Order forms
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Personal Guarantees and Indemnities
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Estimate and Variation forms
Your Terms of Trade documentation will cover you for:
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