terms and conditions

SMEs Advised: Review Ts & Cs to Avoid Payment Disputes

Debt collection agency Daniels Silverman warns that many small and medium-sized businesses are vulnerable to payment disputes because of ineffective terms and conditions. Carole Hughes, managing director, Daniels Silverman, says: “Many SMEs are conducting business without clear terms and conditions leaving them open to dispute and increasing the risk of debt.A solid set of terms and conditions can help to protect businesses and makes it much easier to collect unpaid invoices and to resolve disputed accounts. Should debt recovery action become necessary, appropriate terms and conditions also allow businesses to act quickly and to recover any associated collection costs.” Here are Carole Hughes’ tips to help ensure terms and conditions will prevail and help obtain payment quickly and effecti... »