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Glossary / Lexicon

What are General Terms and Conditions (GTC)?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
General terms and conditions (GTC) are contractual terms and conditions that a company provides to its customers when they purchase a product or service. They specify what the customer can expect from the company, how the company provides certain services, and what rights and obligations the customer has. They also protect the company by setting rules and guidelines that must be followed by both parties.
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