Terms of Trade Documentation
Having clear Terms of Trade will ensure the smooth running of your business. Start your business off the right way with a comprehensive credit management package.
EC Credit Control has a range of documentation that can be personalised for your business.
Advantages of Terms of Trade Documents:
- They will help protect against the loss of profit.
- Provide indemnity from potential liabilities.
- Enable charges to be imposed for late payment (debt collection fees, legal fees, penalty interest).
- Provide the advantage of reservation of title until goods are paid for. (available in most circumstances where goods are sold).
- improve cash flow and reduce the cost of monitoring payments.
- Ease of resolving disputes and unpaid accounts.
Becoming a secured creditor under the PPSA allows you to credit check potential customers and monitor the financial behaviour.