Terms and conditions of business should be reviewed regularly to ensure they remain relevant and effective in protecting a business. Tom Bodkin, a commercial solicitor at Borneo Martell Turner Coulston in Northampton, explains.
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A ROBUST set of terms and conditions are essential for every business, allowing you to clearly outline the products or services you are selling, the terms on which you are selling them and the steps that will be taken if things go wrong.
However, as Tom Bodkin pictured right, a commercial solicitor at Borneo Martell Turner Coulston in Northampton, explains: “Not only is it vital to get your terms and conditions drafted properly by a legal professional from the outset, it is equally important to review them regularly to ensure they remain fit for purpose and protect your business interests.”
Whether you are a start-up or a long-standing business, your organisation’s terms and conditions form the basis of a legally binding contract between you and your customers. They are designed to minimise the risk of consumer complaints and commercial disputes, and to provide clarity as to what should happen if you or your clients cannot hold up their end of the deal.
No two businesses are the same, so it is crucial to have your terms and conditions specially drawn up by a solicitor, who will ensure they meet the needs of your business.
Why might you want to amend your terms and conditions?
- Circumstances change and as your business evolves, there are a number of reasons why your terms and conditions may need revising or replacing altogether. It could be due to the release of a new product or service, maybe a new law affecting your industry or even events such as inflation, pandemic, global conflicts and wholesale price increases. Any of these could mean that your commercial contracts need updating.
How our solicitors can help
Our specialist commercial lawyers will talk you through the needs of your business, and the different types of clients you have, before revising your terms and conditions. This will ensure you are compliant with all the latest rules and regulations, while protecting your company and catering specifically for your business needs.
For existing clients, they can help renegotiate new terms if required, ensuring that any contract changes will not adversely affect your contractual arrangements with other clients.
For further information, contact Tom Bodkin in the commercial team on 01604 622101or email . Borneo Martell Turner Coulston Solicitors has offices in Northampton and Kettering.
This article is for general information only and does not constitute legal or professional advice. Please note that the law may have changed since this article was published.
