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Commentary

155.1 Introduction

BUSINESSES vol 4(2) start-up, sale and purchase
BUSINESSES vol 4(2) start-up, sale and purchase | Commentary

155.1 Introduction

BUSINESSES vol 4(2) start-up, sale and purchase | Commentary

3: STANDARD TERMS AND CONDITIONS OF TRADING

155 Use of standard terms

155.1 Introduction

One of the issues which a new business must face before it begins trading is to settle the terms upon which it wishes to contract with its suppliers and customers. Where a business is going to be entering into a large number of transactions with a range of parties, it will not be commercially practicable to negotiate and enter into a fresh written contract on every occasion. Consequently, the nascent business will presumably wish to draw up a set of standard terms for these occasions. Assuming that the

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