When asked “What is the costliest mistake you’ve made in your business? many business owners say “not having robust terms and conditions from the start”. Terms and conditions are crucial for service-based businesses. They ensure clarity, mitigate risks, and protect both parties involved. They should outline the rights, responsibilities, and expectations of the service provider and the client, establishing a legal framework that governs the relationship. Clear terms and conditions help prevent misunderstandings, disputes, and potential legal issues by defining factors such as deliverables, payment terms, liabilities, warranties, and dispute resolution mechanisms. In short, they serve as a proactive measure to safeguard the interests of both the service provider and the client, promoting transparency and facilitating smoother business transactions. You can create terms and conditions for your business in one of the following ways: →Use a terms and conditions generator. →Fill in a te...