Document background
The Terms of Sale Agreement is a fundamental commercial document used in the Philippines to establish a clear legal framework for sales transactions between parties. This document is essential for businesses engaged in selling goods or services, whether in B2B or B2C contexts, and must comply with Philippine legislation including the Civil Code, Consumer Act, and E-commerce Act. The agreement typically covers critical aspects such as product specifications, pricing, payment terms, delivery conditions, warranties, and dispute resolution mechanisms. It serves as a crucial risk management tool by clearly defining the rights and obligations of all parties involved, while incorporating mandatory consumer protection provisions required under Philippine law. The Terms of Sale Agreement is particularly important in today's business environment where transactions often occur across different channels, including traditional and digital platforms.
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