QUOTATION VALIDITY PERIOD Clause Samples

The Quotation Validity Period clause defines the specific timeframe during which a price quotation or offer remains open and enforceable. In practice, this means that the party receiving the quotation must accept it within the stated period, after which the offering party is no longer bound by the quoted terms or prices. This clause ensures both parties are clear on the window of opportunity for acceptance, preventing misunderstandings and protecting the offering party from market fluctuations or cost changes after the period expires.