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What are terms & conditions?
What are terms & conditions & why are they important?
Why are terms and conditions important for a small business?
Are terms and conditions a legal requirement for businesses?
Terms and conditions (T&Cs) are an essential agreement which set out the legal basis upon which businesses trade with their customers. They are used to protect intellectual property rights, limit or exclude liability and establish a contractual framework governing the relationship between a business and its customers or clients.
May 29, 2024 · Having effective terms and conditions in place is essential for any UK business. They provide a clear understanding of the terms of sale or service, protect the business and customers, and ensure compliance with UK laws and regulations.
Jul 19, 2023 · You should outline the rules of use and prohibited activities for your small business’s website in a clause within your terms and conditions. In the screenshot below, you can see samples of prohibited activities we list in our terms and conditions template for your convenience.
Terms and conditions (also known as terms of trade), whether they apply to sales or services, are essential to your business as they set out the level of responsibilities that apply to you and your customers. They represent you either as a seller or a buyer and protect your rights.
- Definitions and interpretation. In this section, list and define the key terms you’ll refer to within the terms and conditions. For example, ‘Contractor’, ‘Client’, ‘Estimate’, ‘Contract’, ‘Quotation’, ‘Deposit’, ‘We/Us/Our’ etc.
- Information about you and your customer. Here you’ll include all the pertinent information about your company. Your registered name. Your trading name (if different from your registered name).
- The contract. The terms and conditions form the basis of the contract between you and your client. In other words, the contractual obligations of both parties.
- Description of the service to be provided and what you are not providing. Include a clear description of the services you’ve agreed to provide. This should match the service you’ve agreed to with your customer.
Sep 7, 2023 · In this comprehensive guide, we’ll provide you with essential insights to help you create a customized Terms and Conditions agreement tailored to your small business needs. Additionally, we’ve prepared a Small Business Terms and Conditions Template to simplify the process of drafting your agreement.
The purpose of a set of terms and conditions is to record what you have agreed, or to present the inflexible terms under which you will accept business, including those that: define the contract. set out business procedures. protect your business and your rights. limit your liability.
