Comprehensive Terms of Trade documentation are vital for the smooth running of your business. They will help protect against the loss of profit, provide indemnity from potential liabilities and enable charges to be imposed for late payment. They also provide the advantage of reservation of title until goods are paid for (available in most circumstances where goods are sold).

Full recovery of collection costs can be a simple matter of having straightforward and effective Terms of Trade and credit management policies in place.

YOUR MONEY SHOULD BE IN YOUR ACCOUNT
Correctly worded Terms of Trade documentation establishes a clear legal relationship with your customer from the beginning. This will improve cashflow and reduce the cost of monitoring payments, resolving disputes and unpaid accounts. In particular, the documentation will prevent your client from taking advantage of your business at the expense of shareholders and their capital.

If your competitors have correctly worded Terms of Trade in place, and you do not, then you are at a distinct disadvantage. You could be working for nothing while your competitors are paid on time.

Because every business is different, we will tailor the Terms of Trade documentation specifically to your requirements. EC Credit Control will include your logo on all relevant documentation.

COMPREHENSIVE SERVICES
We will provide you with a comprehensive range of personalised documentation including the following:

• Terms & Conditions of Trade Documentation
• Credit Application forms
• Work Authorisation forms
• Quotation forms
• Sales Order forms
• Personal Guarantees and Indemnities
• Estimate and Variation forms

We will ensure your Terms of Trade covers you for:

• Sale of Goods Act 1908
• Fair Trading Act 1986
• Privacy Act 1993
• Consumer Guarantees Act 1993
• Personal Property Securities Act 1999
• Recovery of Costs, Expenses and Interest
• Construction Contracts Act 2002