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When does a quote become a contract?

  • 17-11-2017 01:04PM
    #1
    JWaterford
    Registered Users, Registered Users 2 Posts: 27 ✭


    Hi,

    I am trying to find out when a quote given by a business/ contractor becomes a legally binding contract.

    Is is from the point the quote is given to the customer, or is it when both parties agree that the quote is accepted?

    Many Thanks in advance.


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Quote= Offer

    Quote Accepted= Contract

    There are exceptions as some quotes are invitations to treat etc but in general the above applies


  • #3
    lawred2
    Registered Users, Registered Users 2 Posts: 24,874 ✭✭✭✭lawred2


    JWaterford wrote: »
    Hi,

    I am trying to find out when a quote given by a business/ contractor becomes a legally binding contract.

    Is is from the point the quote is given to the customer, or is it when both parties agree that the quote is accepted?

    Many Thanks in advance.

    well if you've both agreed to something based upon a quote then surely that's a verbal contract

    a quote on its own means nothing


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