Terms & Conditions are absent or barely there! Startling but true – many successful and professional businesses have inadequate terms and conditions, or worse still, none at all.

If that’s you, don’t ignore it. When the going is good and you are being paid and there are no glitches in your supply chain, it’s tempting to overlook the importance of terms and conditions.

But they are crucial when relationships turn sour with a customer or a customer queries an order.

You should have basic Terms and Conditions in place as an integral part of your process when offering credit to other businesses.

Ideally your terms and conditions should specifically and clearly have been acknowledged and agreed to in writing, or similar, by your customers before trading commenced.

All too often small and medium businesses risk their entire stability for the sake of saving £500-£1000 with a solicitor for watertight Terms & Conditions. Make sure this isn't you!

With Thanks once again to Ken Brown of Direct Route Collections