Standard terms and conditions

This overview contains a summary of the content available within the standard terms and conditions subtopic, covering both business to business (B2B) transactions and business to consumer (B2C) transactions.

Purpose of standard terms and conditions

Standard terms and conditions may be used by a party in both the sale and the purchase of goods and/or services to:

•
ensure favourable terms are in place (which will naturally differ whether a party is selling or buying goods and/or services)
•
enable the party or its employees to conclude contracts without recourse to legal advice and/or senior employees
•
reduce costs and expenses in completing transactions, and/or
•
standardise the terms used in the business

For more information, see Practice Note: Standard terms and conditions—advantages and disadvantages. See: Determining whether standard terms and conditions should be used (B2B)—checklist to help a business establish whether it should be using its standard terms and conditions for a particular transaction or whether it is more appropriate to use a bespoke contract.

Incorporating standard terms and conditions

In order for a contract to exist between two parties there must be:

•
a

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