How do I draft terms and conditions for my business interests?

Question: How do I draft terms and conditions for my particular business interests?

Answer:

The most important thing with terms and conditions is to be simple and clear in your approach. Terms and conditions are in essence a contractual agreement and the terms included should reflect your best interests while also protecting the other party under the principal of good faith.

If you are deciding not to seek legal advice and are drafting your own T&C’s, they should also be drafted in such a way as to demonstrate your professionalism. The last thing a customer or client is going to do is respect a business that tries to sneak in unfavourable terms and conditions.

It is therefore the best idea to consult with a contract lawyer to draft or review your terms and conditions in order to best reflect your business interests – every business type will have slightly different requirements, and a specialist contract lawyer will know from experience exactly what needs to be included.

For more information see this article.

Answered by Ursula Hogben

Ursula is a Board Advisor at LegalVision. She has over 15 years' local and international investment banking and corporate law experience. Ursula has expertise in capital raising, mergers and acquisitions, information technology and general corporate law. Ursula is an active member of Australia's entrepreneur community and speaks, writes and is interviewed on issues relevant to startups and established businesses.

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