Selecting a supplier by signature or verbal contract?
Energy4 offer a number of suppliers, who will accept contracts signed.
We use a well established contract signature process as many suppliers refuse to access verbal systems as a form of agreement for contract. This is because written contracts are still covered under Law, which are legally binding. Furthermore Banks demand that written information be performed on contracts in reference to the addition of Banking information for direct debits. This relates to Insurance and the HM Treasury that protects Banks and Consumers.
DO NOT agree anything over the telephone.
Large quantity of fraud occurs due to mis-selling contracts, agreeing one thing on the the telephone, and then altering the contract structure of standing charges, and unit values. If a supplier does not provide a contract by email, and demands signature within 10 minutes walk away.
True and False
- Verbal contracts are legally binding – Incorrect, only the director can agree the contract for utility contracts, or the legal registered owner. Evidence must also be provided in email or letter of what was agreed including evidence that the identity of the caller has been identified.
- Can save an organisation time and be efficient in the short term – Incorrect, Verbal contracts are the largest point of contention, and fraud at present perpetrated against businesses.
Verbal contracts are Costly if criminal activity is involved, and problematic for business.
Contact Energy4 today for further information
Location: 25 Hartley Meadow, Whitchurch, Hampshire, RG28 7BW
Opening Hours: 8:00 – 17:00 Mon to Sat
To discuss further, please contact Energy4
Telephone: Call us on 01642 888814 & 01642 888816
Please provide the best date and time of day that we should contact you
Selecting a supplier by signature or verbal contract? Selecting a supplier by signature or verbal contract?
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