Business Law and Using a Solicitor

4. Other Contract Terms

4.1 A business can produce a 'terms of trading' document setting out standard conditions for its contracts.

Common clauses include:

• Description/specification of the products or services being sold.
• Details of the price, payment date, payment method and delivery.
• A guarantee for a limited time period (in addition to the buyer's statutory rights).
• A clause giving the seller the right to retain legal ownership of the goods until they have been fully paid for.
• A clause giving the seller the right to delay delivery, when this is due to circumstances beyond his control.
• Clauses limiting the seller's liability (but see 4.2).
• A clause stating that nobody apart from the buyer and seller is to have any rights under the contract.

4.2 You cannot alter a consumer's .

• Signs which try to exclude private consumers' statutory rights are invalid. Always add 'This does not affect your statutory rights' to notices about your terms of trade.