Pro Forma Agreement

The use of such a contract may allow an enterprise or organization to have a potential contractor review the basic terms of a contract, while using a general form that can be amended if necessary. Different types of pro forma contracts can include employment contracts, leases and contracts between buyers and sellers. The expression pro forma in a questionable decree or judgment usually means that the decision was not taken on the basis of a belief that it was correct, but only to facilitate the further proceedings. A pro forma invoice can also be used for shipments containing items that are not bought or sold, such as gifts, samples and personal effects, while a commercial invoice is used when the shipped goods are bought or sold. [2] However, it is preferable to use an invoice or a customs declaration, as border guards require values for the export declaration. [3] An invoice or customs declaration is often used in New Zealand for parcel postal items. [4] Pro forma target groups are used to obey a formal requirement. For example, a pro forma hearing may be heard for a judge to order the establishment of a particular piece of evidence or to arrange another appointment. In law, pro forma court decisions are only intended to facilitate the judicial process (yes, to get things done). In the case of commercial transactions, a pro forma invoice is a document that requires the seller to sell goods to the buyer at certain prices and conditions.

It is used to declare the value of the trade.