Terms of TradeA Terms of Trade Agreement regulates an ongoing relationship between a Supplier and Customer.
A Terms of Trade is a document that regulates the terms of an ongoing trade relationship between a Supplier and Customer. The circumstances surrounding trade transactions can be complex and there are several risks involved with the supply of goods. When businesses enter into trade relationships without appropriate legal protection, they leave themselves open to liability down the track. The terms in this document are designed to help protect your interests as the supplier engaging in trade.
This agreement sets out standard terms and conditions for the order and supply of goods with your customer in the act of trade. As a supplier of goods, it's imperative the terms of your business relationship with a customer are well established from the start. These terms will serve to protect you from any loss or detriment caused by a rogue client.
Use this Terms of Trade if:
You are a supplier of goods
You wish to enter into an agreement with a customer that sets out the terms of your relationship
You want to protect your business from potential liabilities and loss
What does this Terms of Trade cover?
Invoicing and payment
Acceptance of goods
Agency and assignment
Defaults and Termination
Exclusions and limitation of liability
Force majeure - unexpected, uncontrollable acts