Watertight Terms of
Trade documentation is critical to every
business's profitability. Your terms of trade
will help prevent profit leakage, give indemnity
from any potential liabilities, and importantly,
allow charges to be imposed when late payments
do occur.
Terms of trade
documentation can also provide you the advantage
of 'retention of title' until goods are
actually paid for. This is available in the bulk
of circumstances where any goods are sold.
Having effective and
straight forward and Terms of Trade and
Credit Management policies in place will
simplify procedures and aid in full recovery of
collection costs.
Terms of Trade
documentation when correctly worded will
establish a clear legal relationship with your
customer from the outset and:
• Increase the
volume of your cashflow
• Reduce the cost of monitoring incoming
payments
• Assist in resolution of account disputes
• Prevent customers from taking advantage
of your business at the expense of your own, and
shareholder's capital
Think about this: if you
don't have correctly worded terms of trade in
place, but your competitors do, you effectively
work without reward while your competitors are
being paid regularly, and on time.
Terms of Trade -
Tailored Specifically To Your Business
Because your business is
individual in the way it operates, Prime
Collections tailor correctly worded Terms of
Trade documentation complete with your company
logo, specifically to your business's individual
requirement.
Apart from complete
Terms and Conditions of Trade Documentation,
Prime Collections will also completely customise
for you the following Terms of Trade essentials:
Forms for:
• Work Authorisation
• Credit Applications
• Quotations
• Sales Orders
• Estimate and Variations
• Personal Guarantees and Indemnities
Plus ensure your Terms of Trade covers you
for:
• Privacy Act 1988
• Fair Trading Acts
• Commonwealth Trade Practices Act
• Time limit for defects
• Retention of title
• Recovery of Costs, Interest and Expenses
