Terms and Conditions agreements serve as a legally binding contract between you (the business) who manages a mobile application or a website and the customer who uses your app or visits your website.
They are otherwise called Terms of Use or Terms of Service agreements and are shortened as T&Cs (or ToU and ToS, respectively).
No two businesses are identical, and as such, every business needs a unique T&C agreement designed to meet its specific needs. While some clauses are conventional and usually seen in basically every Terms and Conditions agreement, you ultimately decide what regulations and guidelines your customers must accept.
Let’s take a look at what clauses should go into most Terms and Conditions agreements, as well as how to display and get legal agreement to your T&C.
Although employing a Terms and Conditions agreement is fully optional as there are no laws that necessitate it, this agreement is highly recommended by experts and presents lots of benefits for both your company and customers.
What are the Advantages of Having a Terms and Conditions Agreemt?
Some of the advantages to be derived include the following:
- ClarityTerms and Conditions agreements provide clarity about what should occur in any given circumstance. They set out the essential business terms you are offering to your customers and help contractual parties to understand their rights, obligations, functions, and accountabilities.
- A Comprehensive systemYour Terms and Conditions agreement produces a well-organized and comprehensive system by covering commercial terms such as delivery, price, payment, and other areas often overlooked by businesses.They also proceed to limit your liability, disclaiming your liability for failure or delay caused by inevitable circumstances, therefore protecting your intellectual property rights.
- Conformity with LawsThere may be specific regulations that apply to your industry, and you may refer to them in your Terms and Conditions. Having a defined Terms and Conditions agreement helps ensure conformity with applicable laws.
- Confidence and ConsistencyHaving a clear set of Terms and Conditions helps you deliver a consistently excellent level of customer service while avoiding any ambiguity.By doing this, customer’s expectations are well-managed regarding delivery and payment, therefore eliminating disappointments in your provision of services.
- AssuranceIf you have a clear set of Terms and Conditions, it is considerably easier to spot a breach of contract. Written contracts provide assurance and are easier to enforce whenever required.Having a comprehensive set of Terms and Conditions also helps minimize the probability of getting a legal dispute. It is more prudent to have a Terms and Conditions agreement prepared than be involved in prolonged and expensive litigation.