By National Revenue Corporation Ltd

06/24/2010 What I need to know about Terms and Conditions of Trade (TRADESMART)
The most common observation in the New Zealand small to medium business market is that most trade with vague or incomplete written Terms and Conditions of Trade. You leave your self open to profit loss, disputes and serial debtors taking advantage of you with no clear written procedures or consequences. Taking the time to make an informed decision and implementing specific and comprehensive Terms and Conditions of Trade can help ensure that your business risk is minimised and managed. NRC is the market leader at drafting Terms and Conditions of Trade (TRADESMART) via specialist Terms and Conditions lawyers. At NRC, we take the time to train business people how to understand them as well as show them how to deliver them to their customer for acceptance.
What aspects should my Terms and Conditions of Trade cover?
Your Terms and Conditions of Trade should provide comprehensive cover over a range of issues that create protection for your business. There are up to 52 Acts of New Zealand Law that have been drafted. If you trade with less, you are not fully protected. One of our clients described it this way; it’s like opening the front door for your customer to enter, pick up goods and walk out the back door leaving you with no gratuity and half a leg to stand on. No one in business we have met yet likes working for nothing, they certainly don’t like loosing profit and even less, like being stolen from.
For more info re TRADESMART Terms and Conditions of Trade, go to www.nrc.net.nz