The Purchase Order Contract
Did you know that your product purchase orders create contracts? Really, they do.
As a new entrepreneur or someone who creates a product, puts it on the market, and sells that product, you've not created a binding contract.
But what happens if the customer claims they didn't receive their product or they received it in a damaged state? What if that customer only ordered the product for a particular purpose which has been frustrated by your inability to fulfill the purchase on time?
When you launch a new product or service, your terms of service are essentially important to protecting your business through contract.
If a customer decides they want to sue you based on breach of contract of the purchase order, you may have a timing defense if your agreement is governed by the Uniform Commercial Code which dictates claims on contracts for the sale of goods must be filed within four (4) years from the date of breach.
Need help establishing your product and purchase order terms of services? Call us now to schedule your consultation at 708.234.7298 or book your VIP Day to uncover your legal holes for greater protection.