Terms and conditions

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What are terms & conditions (T&C), and why should your business have them?

In short, terms and conditions agreement (T&C) set out the rights and responsibilities of the provider of a service and the beneficiary/user of that service. It effectively forms a legally binding contract between both parties and will often include details such as an explanation and definition of key terms, the legal limitations, duties, rights and responsibilities of all parties.

Standard terms and conditions agreements are often favoured by many new businesses – it does not involve instructing lawyers and is a quicker process, but do they cover you and your business needs adequately?