Document background
The Pre Agreement Statement And Quotation is a crucial document in German business transactions, serving as a bridge between initial negotiations and final contract formation. It is typically used when a business needs to provide detailed pricing and terms to potential clients while complying with German pre-contractual obligations under the BGB (German Civil Code) and PAngV (Price Indication Regulation). This document type is particularly important in German jurisdictions where pre-contractual duties are strictly regulated and where clear distinction between binding offers and non-binding information is essential. It includes comprehensive pricing information, service or product specifications, validity periods, and applicable terms and conditions, while ensuring compliance with consumer protection laws when applicable. The document helps protect both parties by clearly stating the scope, conditions, and limitations of the proposed transaction before formal contract execution.
