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Terms of Trade - Start of Debtor Protection
AEL Legal helps protect you from debtors
Prevention is better than cure
Debt collection - including litigation and enforcement - can be a painful 'cure' to your debtor problem. The secret is to protect yourself from your own debtors from the beginning of your relationship. When it comes to debts, prevention is always better than cure.
AEL Legal provides a complete legal service
AEL Legal can help you establish new terms of trade that are specifically designed to protect your legal rights. We review your existing terms of trade to ensure that they comply with the latest laws. We also provide a complete PPSA registration service. Best of all, you can set up your own AEL Legal Black Book to address your slow paying accounts before they turn bad!
AEL Legal’s services will help you to:
- Establish a new terms of trade document carefully designed to protect your legal rights, establish payment options and deadlines, and ensure that interest, collection and legal costs are passed to the debtor.
- Review your existing terms of trade to ensure that it includes the latest provisions provided by law.
- Provide a complete PPSA registration service - including assisting with the necessary data collection, new registrations, re-registrations, individual and bulk registrations, registration maintenance, and a number of related services - to save you time and money.
- Set up your own AEL Legal Black Book to address your slow paying accounts before they turn bad.
Terms of Trade
Purpose written terms of trade documents establish your legal right to be paid
Working with a signed account application and terms of trade - from the very beginning of your contractual relationship with your customers - establishes a clear legal relationship between you and them.
Look what your new AEL Legal terms of trade and associated documents will include
AEL Legal will write the documents carefully designed to suit your unique needs. Once accepted and signed by both parties it becomes a legal contract defining:
- The legal name of client/debtor
- Your legal right to payment for goods or services supplied
- Payment options
- Payment deadlines
- Penalties (default interest, collection and legal costs) for late payments
- The provision of a personal guarantee
- Other terms and conditions unique to your business.
- The law is there to protect you
- Your terms of trade document will include reference to law designed for your protection including:
- The personal Property Securities Act, 1999
- The Fair Trading Act, 1986
- The Privacy Act, 1993
- The Consumer Guarantees Act, 1993.
If you have existing terms of trade AEL will review it to ensure it includes the latest provisions provided and required by law.
For more information about your own terms of trade document:
Phone (09) 921 4353 or e-mail the details to