Terms of business

Terms of business, sometimes known as terms and conditions, can be what forms the groundwork of commercial relationships.

They set out how a business provides its goods and/or services, the rights and obligations of both parties, and the rules that apply when entering into a transaction with the company.

Clear and well-structured terms help businesses limit liability and ultimately provide some level of clarity if a dispute arises, and to avoid disputes altogether.

For many companies, terms of business are where vital information is kept, such as payment terms, delivery arrangements, credit periods and the scope of services being provided.

Setting these provisions out clearly prior to a contract being formed is vital, as providing terms after the fact could weaken their legal protections.

At Orwins, we advise businesses on drafting and reviewing terms of business that reflect how they operate and the risks they face.

Ready to grow?

Book a callback from our team.

We will use the details you provide to respond to your enquiry. See our privacy policy for how we handle your information.

I would like to receive Orwins' newsletters and legal updates by email. I can unsubscribe at any time

How contractual foundations assist commercial relationships

A well drafted terms of business helps to make sure that commercial relationships begin with a clear understanding of responsibilities and expectations.

Within this, they can address matters such as payment and credit terms, late payment interest, delivery obligations and limitations of liability. This way, risk is managed and you can therefore avoid misunderstandings.

The Orwins commercial team works closely with clients to ensure their terms of business are legally sound.

Rest assured with Orwins you will get clearly written drafts, as we align contractual terms with the practical realities of your operations.