Terms of Trade documentation (Terms & Conditions/ Credit Applications/ Personal Guarantees) are vital for the smooth operation of any business. Terms of Trade protect you against loss of profit, provide indemnity from potential liabilities and enable charges to be imposed for late payments. Terms of Trade documents can also offer the advantage of reservation of title until goods are paid for (available in most circumstances where goods are sold).
The full recovery of collection costs, expenses and interest can be achieved by including a Cost Clause in the Terms of Trade.
Properly worded Terms of Trade documentation can reduce bad debts and collection costs.
Action MDR offers a comprehensive range of personalised documentation including;
• Terms of Trade
• Cost Clause
• Personal Guarantees and Indemnities
• Directors Guarantees
• Credit Applications
• Privacy Clause