Document background
The Proposal and Quotation document is a crucial business instrument used in German commercial transactions when a company wishes to make a formal offer of goods or services to potential customers. It serves as the foundation for commercial negotiations and potential contract formation, requiring compliance with German legal frameworks including the Civil Code (BGB), Commercial Code (HGB), and pricing regulations (PAngV). This document type is particularly important as it can constitute a binding offer under German law if properly formulated, making it essential to clearly state all commercial terms, technical specifications, pricing details, and validity periods. It's commonly used in both B2B and B2C contexts, though the level of detail and terms may vary depending on the intended recipient and transaction value.
