Define: Offer

Offer
Offer
Quick Summary of Offer

An offer is a proposal or suggestion made to someone, typically with the intention of entering into a contract or agreement. It is a formal expression of willingness to do something or to provide something in exchange for something else. Offers can be made in various contexts, such as business transactions, job opportunities, sales promotions, or negotiations.

Offer FAQ'S

An offer is a proposal made by one party to another, indicating a willingness to enter into a contract under certain terms and conditions.

Yes, an offer can be revoked at any time before it is accepted, unless it is an irrevocable offer.

Yes, an offer can be made orally, in writing, or even through conduct, as long as it clearly communicates the intention to enter into a contract.

If an offer is not accepted, it is considered to be terminated and cannot be accepted at a later time unless a new offer is made.

Yes, an offer can be conditional, meaning that certain requirements or conditions must be met for the offer to be valid.

Yes, an offer can be made to multiple parties, but once it is accepted by one party, it is no longer available to the others.

Yes, an offer can be made to a specific person or to a group of people, as long as it is clearly communicated to the intended recipient.

No, for an offer to be valid, it must be made with the intention to create legal relations and be enforceable by law.

Yes, an offer can be terminated by revocation, rejection, lapse of time, or by the death or incapacity of either party.

In some cases, silence may be considered as acceptance of an offer, but it depends on the specific circumstances and the intentions of the parties involved.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 13th April 2024.

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  • American Psychological Association (APA):Offer. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/offer/
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