Are terms and conditions necessary?

While most websites seem to have one, there’s actually no legal requirement for defining Terms and Conditions. These pages can limit your liability should a customer take you to court, as well as protect your rights to the content contained in your website.

Why conditions of contract is important?

Validity Considerations. Getting the conditions of a contract “right” is essential to making sure the contract constitutes a valid agreement. A mistake or an inaccuracy that involves a misunderstanding between both parties and has a material effect on the contract can render the contract invalid.

Why it is important to have credit terms and conditions?

A credit terms and conditions outlines how and when you expect your customers to pay for your goods and services and any debt collection policies your business may have. It is an important document with both legal and financial ramifications.

What are examples of conditions?

The definition of condition is the state something or someone is in or can also refer to a specific illness. An example of condition is a brand new sofa with no defects. An example of a condition is a harsh work environment. An example of a condition is a cold or the flu.

What are the terms and conditions of a contract?

Conditions are terms that go to the very root of a contract. Breach of a condition will entitle the innocent party to terminate the contract. A warranty is less imperative than a condition, so the contract will survive a breach.

What is the legal definition of condition?

Legal Definition of condition. 1 : an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and especially a contract also : a clause in the instrument describing the act or event and its effect.