How to Set Quotation Validity in Odoo 17 Sales | Quotation Validity in Odoo 17
3"Quotation validity" typically refers to the period of time during which a price quote or estimate provided by a seller or service provider is considered valid or binding. #odoo17 #odoosales #odoofunctionalvideos
When a business or individual provides a quotation for goods or services, they often specify a validity period. This period indicates the timeframe within which the recipient can accept the quote and expect the quoted price to remain unchanged.
The validity period is determined by the seller and may vary based on factors such as market conditions, product availability, and the company's policies. It is important for the buyer to be aware of the quotation validity to ensure that they can make a decision within the specified timeframe. If the buyer accepts the quotation after the validity period expires, the seller may revise the pricing based on current market conditions or other factors.
Quotation validity is a common practice in business transactions, especially in industries where prices may fluctuate over time. It helps both parties establish clear expectations regarding the pricing and terms of the transaction.
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