Buying and Selling
When you purchase or sell goods or services, they typically fall under the Uniform Commercial Code or UCC. This includes certain protections and obligations that you have and others taht you do not. You need to consider when you sell something who carries the risk of different parts of the transaction and who carries the benefit. The goal is to mazimize your benefits and minimize your risks.
For example when you sell an item, at what point do you have a firm offer and acceptance and are the terms mutually understood? If you have, then what is your risk for; 1) providing the goods (what if you have a back order or other delay?) 2.) Shipping the goods (Who carries insurance and who is responsible for getting them to the seller?) 3. At what point has the seller accepted the goods and verified they are in good condition (Can they claim defective or not recieved 1 week, 2 months, or a year later?) 4. What liabilities do you have for those goods in sales, use, and mis-use. (What if someone gets hurt? are you in compliance with all state and federal laws?). 5. Who will pay if you have a problem; Insurance, buyer, seller, customer and are those indemnities or liabilities spelled out in your purchase orders and sales?
CALL US NOW TO REVIEW YOUR SITUATION. Initial consultation is $250 to review your purchase and sales procedure and advise you on what you should do to correct the situation. This typically takes one hour and additional time and attention is available as your situation warrants.
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