what is the difference between __openerp__.py and __terp__.py? does the both belong to openerp version 7.0?
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There is no difference, they both serve the same purpose, but you should prefer to use __openerp__.py, since it can be expected for __terp__.py to be deprecated.
The __terp__.py is a legacy from the time when OpenERP was named "Tiny ERP". For backward compatibility, has been supported in more recent versions, but the current and proper name to use now is __openerp__.py.
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