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Price Confirmation Letter for the United Kingdom

Price Confirmation Letter Template for England and Wales

A Price Confirmation Letter is a formal document used under English and Welsh law to confirm agreed prices for goods or services between parties. It serves as written evidence of price discussions and agreements, typically including specific pricing details, payment terms, and validity periods. The document helps ensure clarity and prevent future disputes regarding agreed prices and related terms.

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What is a Price Confirmation Letter?

The Price Confirmation Letter is a crucial business document used to formalize pricing agreements between parties under English and Welsh law. It serves as a written record of negotiated prices and related terms, providing clarity and preventing potential disputes. This document is particularly important in commercial transactions where precise price communication is essential, including details such as payment terms, validity periods, and any conditions affecting the pricing structure. The Price Confirmation Letter can be used across various industries and is especially valuable in situations where formal price documentation is required for compliance or record-keeping purposes.

What sections should be included in a Price Confirmation Letter?

1. Date: Current date of the price confirmation

2. Recipient Details: Full name and address of the recipient

3. Product/Service Identification: Clear identification of the products or services being priced

4. Price Details: Specific pricing information, including unit prices if applicable

5. Validity Period: Duration for which the quoted price remains valid

6. Payment Terms: Terms and conditions of payment including due dates

What sections are optional to include in a Price Confirmation Letter?

1. Delivery Terms: Specific terms related to delivery of goods, including timing and logistics

2. Tax Information: Details of VAT and other applicable taxes affecting the price

3. Volume Discounts: Information about quantity-based pricing variations and bulk purchase options

4. Special Conditions: Any specific terms or conditions that affect the quoted price

What schedules should be included in a Price Confirmation Letter?

1. Price Schedule: Detailed breakdown of prices for multiple items or services

2. Product Specifications: Technical specifications and details of products being priced

3. Terms and Conditions: Standard terms and conditions referenced in the letter

Authors

Alex Denne

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

Jurisdiction

England and Wales

Publisher

Ƶ

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions























Clauses




















Industries

Common Law Contract Principles: Fundamental principles of contract formation under English common law, including offer, acceptance, consideration, and intention to create legal relations

Law of Property (Miscellaneous Provisions) Act 1989: Legislation governing formalities for certain types of contracts and property transactions in England and Wales

Contracts (Rights of Third Parties) Act 1999: Law governing when third parties may enforce terms of a contract to which they are not a direct party

Sale of Goods Act 1979: Primary legislation governing contracts for the sale of goods, including terms and conditions of sale

Supply of Goods and Services Act 1982: Legislation governing contracts for the supply of goods and services, including implied terms

Commercial Agents Regulations 1993: Regulations governing the relationship between commercial agents and their principals in the sale or purchase of goods

Late Payment of Commercial Debts (Interest) Act 1998: Law providing for interest to be payable on the late payment of commercial debts

Consumer Rights Act 2015: Main consumer protection legislation covering contracts for goods, digital content, and services

Consumer Contracts Regulations 2013: Regulations governing information requirements and cancellation rights in consumer contracts

Consumer Protection from Unfair Trading Regulations 2008: Legislation prohibiting unfair commercial practices between traders and consumers

Financial Services and Markets Act 2000: Primary legislation governing financial services regulation in the UK

Financial Services Act 2012: Act amending financial services regulation and including provisions about financial services markets

UK GDPR: Post-Brexit data protection regulation establishing rules for processing personal data in the UK

Data Protection Act 2018: UK's implementation of data protection standards, complementing and supplementing the UK GDPR

Electronic Commerce Regulations 2002: Regulations governing electronic commerce and electronic contracts in the UK

Value Added Tax Act 1994: Primary legislation governing VAT in the UK, including requirements for pricing and invoicing

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