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Terms and Conditions of Sales Quotation documents are essential commercial instruments in Pakistani business transactions, providing a legally sound framework for price proposals and related terms. These documents are typically used when businesses need to provide formal price quotations to potential customers, incorporating necessary protections and compliance with Pakistani commercial law, particularly the Contract Act 1872 and Sale of Goods Act 1930. The document includes crucial information about pricing, product specifications, delivery terms, warranty provisions, and limitation of liability, serving as a foundation for subsequent commercial agreements. It's particularly important in formal business settings where clear documentation of commercial terms is necessary for risk management and legal compliance.

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

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

3. Scope of Quotation: Details of the products/services being quoted, including specifications and quantities

4. Pricing Terms: Pricing details, currency, applicable taxes, and any additional charges

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

6. Payment Terms: Payment schedule, method, and conditions including any deposits required

7. Delivery Terms: Delivery timeframes, shipping terms, and transfer of risk

8. Acceptance Process: Process for accepting the quotation and forming a binding contract

9. Warranties and Representations: Standard warranties regarding products/services and authority to contract

10. Limitation of Liability: Limits on seller's liability and exclusions

11. Force Majeure: Circumstances under which performance obligations may be excused

12. Governing Law: Specification of Pakistani law as governing law and jurisdiction

13. General Terms: Standard boilerplate provisions including notices, amendments, and entire agreement clause