Terms and conditions help you reflect on the direction of your business. Your business needs a direction which marks out your goals and vision. Your business direction should be constantly revisited and refined. You need to have your vision clear in your mind without allowing it to stale. So the only way to avoid this is by revisiting and refining your business.
A business is about offering a service, solving a problem, but it should have values, including transparency. Your business values should be made visible in the terms and conditions drafted for your customers and suppliers. So, when was the last time you reviewed your company’s Ts&Cs for suppliers and customers?
Legislation changes, the economy changes and your business interests change too. Reviewing and updating your Ts&Cs should be done periodically by a business lawyer to ensure ensure your interests are protected and your customers are better served. Even if they’ve been agreed to and signed, you can still have them reviewed and amended by a lawyer. Naturally you then present your suppliers and customers with the revised Ts&Cs to be agreed to signed.
If you would like us to review your Ts&Cs or any legal documents, please give us a call for an informal discussion. SG
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