Get more out of your general terms and conditions

Published on 03/11/2014

From a credit management perspective, it is wise to have your terms and conditions screened for penalties for late payment. Xolv now offers you, in collaboration with our partner Bierens Incasso Advocaten, a free and no-obligation inventory of the actuality of your general terms and conditions.

If you do not yet have general terms and conditions, we can arrange for them to be tailor-made for you. This will of course involve costs. This also applies, of course, if your general terms and conditions need to be adapted after an inventory has been made.

The importance of updated terms and conditions

Your organisation may face additional costs or other types of claims without updated terms and conditions. Moreover, by using dated or faulty terms and conditions, you are missing out on a lot of benefits. Since July 2012, with the introduction of a new law, it is possible to lay down these penalties in a manner binding on the other party.

General terms and conditions and exports

Equally important, you can arrange in your general terms and conditions that if you contract with a foreign party and a dispute arises with it, you can litigate in the Netherlands. This way, Dutch law will continue to apply to your dispute and you will avoid having to be assisted by a foreign lawyer unknown to you in a case governed by foreign law. If you can litigate in the Netherlands, you will also find that this allows the case to be settled with the other party a lot faster. Thus, with good general terms and conditions, lengthy foreign proceedings can be avoided.

Want to know more? Get in touch.