A good set of terms of Terms and Conditions can also give you a distinct advantage over your competitors. According to EU's Commission for Enterprise & Industry, one quarter of all insolvencies are due to late payment.
This means that many of your competitors could be working for nothing.
So simply getting paid on time will give your enterprise a powerful competitive advantage against others in your industry that do not enjoy the same level of protection. Find out more about how Business terms and conditions can help.