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Terms And Conditions Of Sales Quotation

Terms And Conditions Of Sales Quotation Template for India

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Key Requirements PROMPT example:

Terms And Conditions Of Sales Quotation

"I need Terms and Conditions of Sales Quotation for my electronics manufacturing company in Bangalore, focusing on component sales to industrial clients with payment terms of 30 days and including specific quality testing requirements."

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Document background
Terms and Conditions of Sales Quotation documents are essential business tools used in Indian commercial transactions to establish clear parameters for potential sales. These documents are typically employed when businesses need to provide formal price quotes while protecting their legal interests and ensuring compliance with Indian contract law. They include crucial information about pricing validity, payment terms, delivery conditions, warranties, and limitations of liability. The document helps prevent misunderstandings and potential disputes by clearly defining the terms under which goods or services will be provided. Used across various industries, these terms and conditions must comply with multiple Indian regulations, including the Indian Contract Act, 1872, the Sale of Goods Act, 1930, and the Consumer Protection Act, 2019.
Suggested Sections

1. Parties: Identification of the seller/supplier and the potential buyer/customer, including full legal names, addresses, and registration details

2. Definitions and Interpretation: Clear definitions of key terms used throughout the document and rules for interpreting the terms and conditions

3. Scope of Quotation: Clear description of the products/services covered, including specifications, quantities, and any limitations

4. Validity Period: Duration for which the quotation remains valid and binding

5. Pricing and Payment Terms: Detailed pricing structure, payment schedule, method of payment, and consequences of late payment

6. Delivery Terms: Delivery timeframes, shipping terms, transfer of risk, and delivery locations

7. Taxes and Duties: GST and other applicable taxes, who bears responsibility for payment

8. Warranty and Quality Assurance: Standard warranty terms, quality standards, and conformity requirements

9. Limitation of Liability: Caps on liability, exclusions, and limitations of remedies

10. Force Majeure: Circumstances under which non-performance may be excused

11. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

Optional Sections

1. Intellectual Property Rights: Include when the goods/services involve patents, trademarks, or other IP rights

2. Confidentiality: Add when sensitive information will be shared during the quotation process

3. Installation and Training: Include for complex equipment or systems requiring setup or user training

4. After-Sales Service: Add when offering maintenance, support, or post-sale services

5. Export/Import Compliance: Include for international sales requiring compliance with trade regulations

6. Product Testing and Acceptance: Add for products requiring testing or acceptance procedures

7. Insurance Requirements: Include when specific insurance coverage is required

8. Environmental Compliance: Add for products subject to environmental regulations

Suggested Schedules

1. Schedule A - Product Specifications: Detailed technical specifications, drawings, or descriptions of products/services

2. Schedule B - Price List: Itemized pricing, including any volume discounts or special pricing conditions

3. Schedule C - Delivery Schedule: Detailed timeline for delivery of different items or phases

4. Schedule D - Quality Standards: Specific quality requirements, testing procedures, and acceptance criteria

5. Schedule E - Warranty Terms: Detailed warranty conditions, claim procedures, and exclusions

6. Appendix 1 - Technical Documentation: Product manuals, technical drawings, or other supporting documentation

7. Appendix 2 - Compliance Certificates: Required regulatory certifications or compliance documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































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Relevant Industries

Manufacturing

Information Technology

Retail

Construction

Automotive

Electronics

Healthcare

Industrial Equipment

Consumer Goods

Engineering Services

Telecommunications

Chemical and Materials

Pharmaceutical

Energy and Utilities

Logistics and Supply Chain

Relevant Teams

Legal

Sales

Finance

Operations

Procurement

Compliance

Risk Management

Business Development

Commercial Operations

Supply Chain

Customer Service

Contract Administration

Relevant Roles

Sales Manager

Business Development Manager

Legal Counsel

Commercial Director

Procurement Manager

Contract Administrator

Chief Financial Officer

Operations Manager

Account Executive

Pricing Analyst

Compliance Officer

Risk Manager

Supply Chain Manager

Managing Director

Sales Operations Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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