Terms & Conditions On Invoice

Terms & Conditions On Invoice Template for India

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Key Requirements PROMPT example:

"I need Terms & Conditions On Invoice for my small retail business in Mumbai, selling electronics and appliances to consumers, with specific focus on warranty terms and return policies compliant with Indian consumer protection laws."

Document background

Terms & Conditions On Invoice is a essential business document used in Indian commercial transactions to establish the legal framework for sales and service provisions. This document is typically employed when businesses need to incorporate standard terms directly on their invoices, making it particularly valuable for regular commercial transactions. It must comply with Indian legislation, including the Indian Contract Act, 1872, Sale of Goods Act, 1930, and GST regulations. The document includes critical elements such as payment terms, delivery conditions, warranty provisions, and dispute resolution mechanisms, while being concise enough to appear on an invoice. It serves as a crucial tool for businesses to protect their interests while maintaining transparency in their transactions with customers.

Suggested Sections

1. Acceptance of Terms: States that acceptance of goods/services and invoice constitutes acceptance of these terms

2. Payment Terms: Specifies payment deadline, accepted payment methods, and late payment consequences

3. Prices and Taxes: Clarifies that prices are subject to applicable taxes, especially GST

4. Delivery and Risk: Defines when risk passes to buyer and delivery terms

5. Returns and Refunds: Outlines conditions under which returns are accepted and refund process

6. Warranty and Liability: Specifies warranty terms and limitations of liability

7. Governing Law: Establishes Indian law as governing law and jurisdiction

Optional Sections

1. Product Specifications: Used when selling specific products requiring detailed specifications or usage instructions

2. Intellectual Property: Include when dealing with software, creative works, or licensed products

3. Confidentiality: Add for services or products involving sensitive information

4. Installation Services: Include when offering installation or setup services

5. Export Control: Required when dealing with international sales or restricted goods

6. Force Majeure: Add for long-term supply arrangements or high-value transactions

Suggested Schedules

1. Price List: Detailed breakdown of prices for different products/services if applicable

2. Product Specifications Sheet: Technical specifications and requirements for products

3. Warranty Card: Detailed warranty terms and conditions for products

4. Return Policy Details: Comprehensive return and refund procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Retail

Manufacturing

Technology

Professional Services

Construction

Wholesale Trade

E-commerce

Healthcare

Education

Hospitality

Logistics

Consulting

Relevant Teams

Legal

Finance

Sales

Accounts

Operations

Compliance

Commercial

Credit Control

Customer Service

Business Development

Relevant Roles

Finance Manager

Accounts Receivable Manager

Sales Manager

Legal Counsel

Commercial Director

Business Development Manager

Operations Manager

Credit Controller

Compliance Officer

Contract Administrator

Chief Financial Officer

Procurement Manager

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