Most Businesses Terms and Conditions Not Up to Scratch

Mike Collins explained, "A business generally only reconsiders the quality of its Terms and Conditions when they're in the unfortunate position of having to consider a write off because their efforts at recovering an overdue debt have failed.

All businesses, without exception, should ensure that their Terms and Conditions are an integral part of the contractual position formed between themselves and a new customer, and that they are automatically agreed by the business applying for credit as part of the account opening process."

For those companies that do not have any Terms and Conditions in place AccountAssyst, the online credit management system for businesses includes generic Terms and Conditions as a starting point for use by subscribing businesses.

A full and thorough review service of existing Terms and Conditions is also available through AccountAssyst.

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