TERMS OF TRADE

 When it comes to protecting your cash flow, there’s one document that reigns supreme and is the cornerstone of a financially successful business. It’s your Terms of Trade. 

To be valid, Terms of Trade must be disclosed upfront before commencing work to establish a transparent legal relationship with your customer.

Terms of Trade cover important aspects that enable you to safeguard and protect your business, including: 

• Your ability to retain ownership of goods and services until payment is made

•  Your ability to enforce payment and debt collection

•  Your ability to recover costs such as late payment fees, administration fees and other collection costs

• Disputes resolution 

• Your right to register a security interest through the Personal Properties Securities Register (PPSR).

It’s not just about having Terms of Trade it’s about putting them into place and using them appropriately.

 Proudly partnering with EC Credit Control, leaders in best practice credit management.