Terms & Condition

Terms and conditions (T&C) are essential legal agreements that outline the rules, responsibilities, and rights of both the seller and the buyer in an e-commerce context. These documents serve as a foundational element in establishing a transparent relationship between the merchant and the consumer, ensuring that both parties are aware of their obligations and entitlements.

Typically, terms and conditions cover various aspects of the transaction process, including but not limited to payment terms, shipping policies, return and refund procedures, and limitations of liability. According to a survey conducted by the International Chamber of Commerce, approximately 70% of consumers do not read the terms and conditions before making a purchase. This statistic highlights the importance of clarity and accessibility in these documents.

One critical component of T&C is the payment terms. This section specifies the accepted payment methods, currency, and any applicable taxes or fees. For instance, it is common for merchants to require payment in full before the shipment of goods, which can mitigate the risk of non-payment.