Se ha denunciado esta presentación.
Utilizamos tu perfil de LinkedIn y tus datos de actividad para personalizar los anuncios y mostrarte publicidad más relevante. Puedes cambiar tus preferencias de publicidad en cualquier momento.

Setting Your Terms

1.497 visualizaciones

Publicado el

Drafting standard terms and conditions of business. What should be included. How they should be compiled.

Publicado en: Empresariales
  • Sé el primero en comentar

Setting Your Terms

  1. 1. Setting your Terms New Business Club, 29 Aug 2006 Jane Lambert Barrister
  2. 2. What this Topic is about <ul><li>Conditions of Sale or Service: terms upon which a business offers to supply its goods and services ; </li></ul><ul><li>Conditions of Purchase: terms upon which a business offers to procure goods and services ; </li></ul><ul><li>Others: website, privacy etc </li></ul>
  3. 3. Why it matters <ul><li>Eliminating uncertainty and hence risks and costs </li></ul><ul><li>Compliance with legal and regulatory requirements </li></ul><ul><li>Compliance with voluntary codes of practice </li></ul><ul><li>Enhances suppliers’ reputation </li></ul>
  4. 4. Stage of Business Planning <ul><li>Identify optimal terms of business such as payment, returns, interest and dispute resolution </li></ul><ul><li>Consider likely reaction of customers and suppliers </li></ul><ul><li>Consider applicable legislation, regulation and Codes of Practice </li></ul>
  5. 5. Typical Terms of Business <ul><li>Delivery </li></ul><ul><li>Acceptance </li></ul><ul><li>Payment and Interest </li></ul><ul><li>Retention of Title </li></ul><ul><li>Termination </li></ul><ul><li>Dispute Resolution </li></ul>
  6. 6. Typical Terms of Purchase <ul><li>Right to inspect </li></ul><ul><li>Compliance with specification </li></ul><ul><li>Right to reject </li></ul><ul><li>Refunds for defects </li></ul><ul><li>Termination </li></ul><ul><li>Dispute Resolution </li></ul>
  7. 7. Website Access <ul><li>Distance Selling Regulations: information, written confirmation and right to return </li></ul><ul><li>E-Commerce Regulations: name and address of supplier, regulatory authority etc </li></ul><ul><li>Privacy: Data Protection Act </li></ul><ul><li>Foreign Laws </li></ul>
  8. 8. What not to do <ul><li>Copy other traders’ terms and conditions </li></ul><ul><li>Wait until a problem arises </li></ul><ul><li>Impose unreasonable conditions: may be unlawful and will certainly be unwise </li></ul>
  9. 9. What to do <ul><li>Design terms as early as possible </li></ul><ul><li>Consult insurers, business advisors and trade association to reduce risk </li></ul><ul><li>If possible instruct experienced commercial lawyer (barrister under public access scheme or specialist solicitor) </li></ul>
  10. 10. Any Questions Jane Lambert nipc The Media Centre 7 Northumberland Street Huddersfield HD1 1RL Tel 0870 990 5081