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5 CIF No.:(For Bank Use) Commercial Internet Banking Service Supplementary Page Please complete this form in BLOCK LETTERS and place where appropriate. This Supplementary Page should be submitted
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Terms and conditions are needed for any business or organization that provides goods or services to customers or users. This includes e-commerce websites, online platforms, mobile apps, software programs, subscription services, and even physical stores. By having terms and conditions, you establish a legally binding agreement that outlines the rights, obligations, and expectations of both parties. It helps protect your business interests, clarify user rights, and mitigate legal risks. Therefore, it is important for any entity that wants to set clear rules and protect their business or service.
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Terms and conditions are used to set out the rules, obligations, and responsibilities between parties entering into a contractual agreement.
Typically, businesses or individuals who are offering goods or services to customers are required to have and provide terms and conditions.
Terms and conditions can be filled out by detailing the terms of service, payment terms, privacy policy, disclaimers, and other important information related to the contract.
The purpose of terms and conditions is to protect both parties involved in a transaction by clearly outlining the expectations and responsibilities.
Information such as payment terms, cancellation policy, delivery details, refund policy, and any disclaimers or limitations of liability should be included.
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