Terms & conditions
Template — requires approval
Supplier: [Registered company name] (Pty) Ltd, registration number [Company registration number], VAT number [VAT registration number].
About these terms
[Who the supplier is, who the terms apply to, and how they may be updated.]
Accounts
[Account registration, accuracy of information, account security and trade-account approval.]
Prices, VAT and errors
[Prices in ZAR including VAT; how pricing errors are handled; promotional validity (e.g. while stocks last).]
Orders and acceptance
[When an order becomes a binding agreement; stock availability; right to cancel or partially fulfil.]
Payment
[Accepted payment methods; EFT verification before release; trade credit terms where approved.]
Delivery and collection
[Delivery areas and lead times; risk and ownership; collection rules.]
Returns and refunds
[Reference to the returns policy.]
Limitation of liability
[To be drafted by the business's legal adviser.]
Governing law
[Laws of the Republic of South Africa.]