Terms of Trade

A Terms of Trade Agreement is a document that regulates an ongoing 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 supply 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.

This agreement sets out standard terms and conditions for the order and supply of goods with your customer. As a supplier of goods, it’s imperative the terms of your business relationship with a customer are well established from the start. This will serve to protect you from any loss or detriment caused by a rogue client. 

Use this Terms of Trade Agreement 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 Agreement Cover?

• Quotes 

• Orders

• Variations

• Invoicing and payment

• Additional charges

• Acceptance of goods

• Risk

• IP rights

• Agency and assignment

• Defaults and Termination

• Exclusions and limitation of liability

• Indemnity

• Force majeure - unexpected, uncontrollable acts

• Dispute resolution

Further Information:

• What is a Supply Agreement?

• Sale of Goods Act (NSW): An Explainer

• How Do Consumer Guarantees Apply to Businesses?