Price Confirmation Letter Template for Belgium

A Price Confirmation Letter under Belgian law is a formal commercial document that confirms agreed-upon pricing terms between parties. It serves as written evidence of price negotiations and agreements, complying with Belgian commercial law requirements, particularly the Belgian Code of Economic Law. The document includes essential elements such as specific pricing details, validity periods, VAT considerations, and payment terms, while ensuring compliance with Belgian price transparency regulations and competition laws. It can be used in both B2B and B2C contexts, though the requirements and level of detail may vary depending on the relationship type.

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What is a Price Confirmation Letter?

A Price Confirmation Letter is a crucial commercial document used to formalize pricing agreements between parties in Belgian business transactions. This document type is particularly important in Belgian commercial practice as it provides clear written evidence of pricing terms, helping to prevent future disputes and ensuring compliance with Belgian commercial law requirements. The letter typically follows negotiations or quotation requests and serves to confirm final pricing arrangements, including specific terms such as validity periods, payment conditions, and VAT treatment. It's commonly used in both standard and complex pricing arrangements, from simple product pricing to elaborate service fee structures. Under Belgian law, such formal price confirmations help meet requirements for price transparency and can serve as important evidence in commercial relationships. The document must comply with various Belgian regulations, including the Code of Economic Law and price labeling legislation, particularly when dealing with consumer transactions.

What sections should be included in a Price Confirmation Letter?

1. Letter Header: Company letterhead, date, reference number, and recipient's address

2. Subject Line: Clear indication that this is a Price Confirmation Letter with relevant reference numbers

3. Opening Salutation: Professional greeting to the appropriate contact person

4. Reference to Prior Communications: Mention of previous discussions, meetings, or requests that led to this price confirmation

5. Price Details: Specific pricing information including unit prices, quantities, and total amounts

6. Currency and VAT Status: Clear specification of currency and whether prices are inclusive or exclusive of VAT

7. Validity Period: Explicit statement of how long the confirmed prices will remain valid

8. Payment Terms: Standard payment terms including payment method and timeline

9. Closing: Professional closing statement, signature block, and company details

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

1. Delivery Terms: Include when pricing is affected by delivery arrangements or when specific delivery terms need to be confirmed

2. Volume Discounts: Include when offering tiered pricing based on volume

3. Price Adjustment Mechanisms: Include when prices may be subject to future adjustments based on specific factors

4. Special Conditions: Include when pricing is subject to specific conditions or prerequisites

5. Order Process: Include when specific ordering procedures need to be followed

6. Confidentiality Statement: Include when pricing information is sensitive and requires confidential treatment

What schedules should be included in a Price Confirmation Letter?

1. Detailed Price List: Comprehensive list of all products/services with their respective prices

2. Product Specifications: Technical specifications or descriptions of products/services being priced

3. Volume Discount Table: Detailed breakdown of volume-based pricing tiers if applicable

4. Price Calculation Method: Explanation of how prices are calculated for complex pricing structures

Authors

Alex Denne

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

Jurisdiction

Belgium

Publisher

Genie AI

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use

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