Foley Douglas are a team of friendly and experienced general practice lawyers who have built a strong client base within the property and commercial law sectors.
As ‘Lawyers for All Aspects of Life’, we’re here to support you at every step of your journey – whether you’re purchasing your first home or investment property, reviewing and renewing commercial contracts, or planning for the future with confidence.
Give our team a call to discuss how we can assist you, or visit our website to see our full range of services.
Foley Douglas is proud to be partnering with NZ Business Connect for the third year and to have Senior Associate, Isaac Whatnall, serving on the board. Isaac first joined NZBC in 2023 and has been an active contributor ever since. We value NZBC for its “show up, add value, follow through” approach – something we aim to live out in our own work. Through NZBC, we’ve built connections with like-minded trades, businesses, and professional services, and supported events that build a stronger, more collaborative Waikato. For us, it’s about doing good work, helping others, and paying it forward.
What are Terms of Trade?
Terms of trade are the guiding document for traders conducting business. They cover aspects like payment, delivery, warranties, and dispute resolution. Also known as Ts&Cs, they form the legal foundation of your transactions.
Why Do You Need Them?
Without clearly defined terms of trade, your business is navigating without direction. While things may run smoothly most of the time, having well-drafted terms can be a lifesaver when dealing with challenging customers. Additionally, they allow you to set the conditions of engagement—what’s not to appreciate?
When Should You Provide Terms of Trade?
Always. Every time. Ensure your customers are aware of and agree to your terms before or at the point of sale (even if they don’t thoroughly read the fine print). If updates are made, notify existing customers to avoid confusion—nothing says “new terms” like a courteous heads-up!
How to Create Terms of Trade?
You can draft them yourself using templates, use an online service, or consult a professional (like a lawyer). Whichever approach you choose, ensure your terms are clear, reasonable, and tailored to your specific business needs.
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