Terms of Trade
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Last updated November 18, 2025
Suitable for Australia
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Frequently asked questions
Use this Terms of Trade if:
- You are a supplier of goods
- You wish to enter into an agreement with a customer that sets out the terms of your relationship
- You want to protect your business from potential liabilities and loss
What does this Terms of Trade cover?
- Quotes
- Orders
- Variations
- Invoicing and payment
- Additional charges
- Acceptance of goods
- Risk
- IP rights
- Agency and assignment
- Defaults and Termination
- Exclusions and limitation of liability
- Indemnity
- Force majeure - unexpected, uncontrollable acts
- Dispute resolution
View Sample Terms of Trade
The Legal Risk Score of a Terms of Trade Template is Low
Our legal team have marked this document as low risk considering:
- There is a risk related to payment obligations, as the document allows the supplier to demand immediate payment for overdue amounts and apply high interest rates, which could financially strain the customer if payments are delayed.
- The document permits the supplier to amend quotes and charges unilaterally, which could lead to unexpected costs for the customer if the scope of the goods or services changes after an order is placed.
- The title and risk provisions transfer the risk to the customer upon delivery but retain title to the goods with the supplier until full payment is made, potentially complicating ownership and liability if disputes arise over payment or the condition of goods upon delivery.
Articles about Terms of Trade
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Terms of Service vs Terms & Conditions: Differences
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5 Reasons Why A Terms & Conditions Is Important
Before you skip the fine print, find out why not having terms and conditions could cost your business.
Free Trade Agreements: Breaking Down Barriers
How are Free Trade Agreement operating in our economy? Insights into Australia's latest agreement
What Is A Period Trade Contract?
Contracts are an integral component of commercial relationships. A period trade contract is one of these. Read more about what they are how they work here.
Why You Should Never Copy A Terms & Conditions
Although it may be tempting, you should never copy your terms and conditions from another website. Read more to find out why.
CISG & UNIDROIT: Selling Overseas Guide
Planning on selling internationally? You should know about the CISG and UNIDROIT. Read this article to learn what these are and the choices of laws you have
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Learn the eight tips to be followed when negotiating and contracting a Service Agreement with your supplier.
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