Is a quotation considered a legally binding document?

A quotation is generally not considered a legally binding document by itself. A quotation provides an estimate of the costs associated with goods or services, intended to inform the potential buyer of expected expenses. It does not establish a contractual obligation unless it is formally accepted by both parties involved.

For a quotation to become legally binding, it typically requires additional steps, such as acceptance by the buyer and possibly other contracts or formal agreements. Hence, the idea that a quotation is automatically legally binding is inaccurate.

The options mentioning binding conditions (such as needing to be signed) or that it varies by region highlight the nuances of contractual agreements and the need for mutual consent for a binding arrangement. In general, legal enforceability depends on the context and specific actions following the quotation, not on the quotation itself being a binding document merely by its existence.