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{ "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Is proforma invoice a legally binding document? ", "acceptedAnswer": { "@type": "Answer", "text": "A Proforma Invoice is not a legally binding document. It is similar to a quotation document and if the deal stands canceled and the sales don’t go through, there is no need to cancel the proforma invoice. i.e., the buyer can still choose to cancel the order despite agreeing to the proposed proforma invoice. " } }, { "@type": "Question", "name": "Can we use proforma invoice to gain advance payments? ", "acceptedAnswer": { "@type": "Answer", "text": "No, a payment cannot be made on a proforma invoice. If an advance payment is required to ensure secure capital before the manufacturing process begins, a proforma invoice can be used to propose the terms and details of the upcoming transactions. " } } ] }