Every business has arrangements with its suppliers, these may be written or oral, and if in writing, might be called terms of trade, terms of service, services agreements, supply agreements, software licensing agreements – they have lots of names and come in lots of different forms.
Often these terms are very favourable to the supplier and not to you, their customer. You may think you have little power to negotiate, but that’s not always the case.
Use this comprehensive but user-friendly 4-page checklist to help you review your supply arrangements to identify key areas of risk and negotiate better protections for your business. For example, delivery terms, payment, duration (avoid auto renewals!), termination rights, IP and data protection.
Disclaimer: On Your Terms was created to provide fast, easy and affordable access to legal information and documentation. We are not a law firm and do not provide legal advice. The information and documents we provide are of a general nature, designed for common situations, and may not be suitable for your needs or circumstances. If you need legal advice, we have a network of specialist law firm partners able to help you here.