Home – New Forums Get productive Cancellation fees – friend or foe? Reply To: Cancellation fees – friend or foe?

  • Total posts: 569
MediaMan, post: 45004 wrote:
Ok, perhaps we should let these latest issues slide, but present our clients, past and present, with a set of new “terms of trade” setting out the rules.

Will be interesting to see if their requests for quotes drop off once the terms of trade are “put in writing” and directed to them.

It’s pretty important to have terms of trade established when you set up clients that will be paying on credit, which is what I assume these would be. It’s also important to have an idea of the risk they may present ie credit control – I’ve seen too many small businesses jump at the chance of a new account only to be disappointed when all their work and effort goes unpaid.