Terms and Conditions Drafting Services
Have a water-tight framework for healthy, fair, and strong relationships with your clients
At NZBT, we believe business relationships that start out as ‘blind dates’ or begin with ‘handshake agreements’ can leave you unprotected and vulnerable if things go wrong. That’s why we created our comprehensive Terms and Conditions services to ensure your business proceedings remain clear-cut at all times.
Providing Your Business With a Water-Tight Framework
Terms and Conditions, also known as Terms of Trade, Terms of Service, or Trading Terms and Conditions, can support your business by establishing clear legal relationships with your customers.
If you’re looking to form healthy, fair, and strong bonds with your clients, it’s vital to have effective Terms and Conditions to ensure obligations are upheld on both sides. These terms need to be comprehensive and up-to-date, especially if you offer credit for goods or services. Research has shown that this will mean fewer bad debts and disputes.
Get Off on the Right Foot
Robust Terms and Conditions align expectations from the start, so everyone knows exactly where they stand on their obligations, rights, roles, and responsibilities. This, alongside a comprehensive credit policy, will safeguard your business when you have security interests on the Personal Property Securities Register (PPSR), and may even reduce the need for
Far-reaching Financial Savings
If you’re struggling to understand how to write Terms and Conditions for your business, our team is here to help. We can provide you with a practical, easy-to-understand Terms and Conditions template for your NZ business that is specific to your industry and will:
- Help protect against the loss of cash flow and profit
- Provide indemnity from potential liabilities
- Enable fees to be imposed for late payment
- Provide reservation of title until goods are paid for
- Reduce the cost of monitoring payments
- Promote efficient and transparent accounting
- Ease the resolution of unpaid accounts and disputes
- Enable you to collect debts simply and effectively
Comprehensive Legal Cover
The Terms and Conditions we provide you will also provide your business with comprehensive legal cover. This encompasses a range of different regulations and acts, including:
- The Fair trading Act 1986
- Contract and Commercial Law Act 2017
- Consumer Guarantees Act 1993
- Privacy Act 2020
- Personal Property Securities Act 1999
- Construction Contracts Act 2002
- Health and Safety at Work Act 2015
Frequently Asked Questions
Keen to know more about our Terms and Conditions services and how we can help your business? Consult our FAQ section below or head over to our contact page to discuss any other queries with our team today!
Terms and Conditions (also known as terms of service) are written agreements between a business/service provider and their customers/users. Their purpose is to let people know the rules, regulations, and expectations that must be adhered to when they engage with your business/service.
The exact information needed in your Terms and Conditions depends on the type of business you are running. Common information typically includes:
- The rights and responsibilities of both the consumer and the service provider
- Prohibited practice clauses
- Intellectual property clauses
- A limitation of liability
- A privacy policy
- What happens if the Terms and Conditions are breached
While it’s not necessary to have Terms and Conditions for your business, they are an incredibly useful agreement to have. Terms and Conditions give you the ability to set out clear rules between you and your customers, allowing you to maintain complete control over your business and its proceedings.
Median
For sole traders and small or simple businesses
Bespoke
For medium-sized businesses with some complexity
Platinum
For national associations, franchisors, complex businesses, and businesses with subsidiaries
Custom Packages
Combine Terms & Conditions of Service with any of our other services to create your own tailored solution to suit your business.
Subscription Packages
All of our Terms of Trade are available as part of our Subscription Packages. Choose from our extensive Credit Management and Privacy packages or ask us to tailor a package specifically for your business.
Why do I need Terms of Trade?
BUSINESSES WITHOUT EFFECTIVE TERMS OF TRADE
BUSINESSES THAT FAIL IN THE FIRST 24 MONTHS
There is a direct link between business success and having an effective Credit Management Policy.
If your business has effective Terms of Trade you are already well on the way to success.
Regularly, businesses undertake work based on verbal or handshake agreements, which if things go wrong can leave the business and the business owner unprotected and vulnerable. Every business offering credit for the supply of Goods or Services should have a robust, compliant and customised Terms of Trade in place to protect and safeguard itself.
In these difficult times, businesses should be utilising Credit Management processes, to better protect themselves, much more than they currently are. This is especially true in regard to, having a robust and compliant Terms of Trade in place, alongside a comprehensive credit policy, to protect and safeguard the business around the areas of, e.g. the P.P.S.A. (making yourselves secured creditors), elements around the recent Privacy legislation changes, passing on debt collection costs, default listing of defaulting clients etc, are all only possible when utilised in conjunction with your client accepting your Terms of Trade.
- Helps you and your clients/customers understand their obligations, rights, roles and responsibilities.
- Essentially protects your business and seeks to minimise disputes and problems as both parties know where they stand by reference to the agreed terms of trade.
- Terms of Trade are evidence that can be produced should a dispute arise.
- Enables you set out terms that are favourable to clients – terms that provide equal bargaining power and promote business efficacy, whilst containing the appropriate protection for your business.
- Failing to have terms of trade can have serious effects on the cash flow of your business – knowing when a client/customer will pay for goods and/or services promotes efficient and transparent accounting