When you sell your product, it is a prudent act to clearly mention your terms and conditions in writing. When you sell your products through your website you may not even see or speak with the buyer. So, it becomes more important to clearly lay down your terms. Read on to know the top reasons why you need terms and conditions when selling your goods:
Limit your liability: Terms and conditions clearly lay down the limit of your services. Hence the limit of your liability is clearly ascertained. The buyer cannot make you liable for anything and everything just because he is purchasing your goods.
Prevents dispute: Terms and conditions help in preventing disputes. It rules out ambiguity and confusions arising out of assumptions which the buyer will make if such terms are absent. In the real world, only very few places like Amazon Arbitrage are less risky to do business. So terms and conditions protect your business from the risk of legal disputes because the world is a risky place to do business.
Define Jurisdiction: Terms and conditions help to define your jurisdiction limit in case of legal disputes.
Helps defining do’s and dont’s for your buyers: Terms and conditions help to mention the do’s and do not’s for the buyer.
Facilitates account termination: In case you run a social networking platform, terms and conditions is the place where you can mention that any abuse will result in account termination.