Your business is unique so why use off the shelf contracts. Contracts should be tailored to meet the needs of your business. They should be fair to both parties and written in plain English.
It is recommended that all companies no matter what size should have terms and conditions which clearly set out the requirements and obligations for both your business and your clients.
The content of the terms and conditions depends on the type of business you are operating. For example, if your business deals with consumers your business (B2C) will be governed by the Consumer Right Act, and your terms and conditions will need to reflect this, whereas if your business is dealing with other business (B2B) you have more freedom to draft you own terms.
There are many other factors, which should be considered when drafting the terms and conditions for your business, it is important they are tailored to your business so they are useful, rather then a template document, which may not be relevant or meet the needs of your business.
Depending on the size and type of company you are looking to do business with, you may be required to sign their standard terms and conditions. You should always read and understands these documents as there may be hidden obligations and cost, which you were previously not made aware of. We can review these documents for you and advise you on the implications of signing up to 3rd party contracts.
Some of the biggest risks and excess costs come from agreeing 3rd party contracts without understanding the risks.