An offering refers to something that is presented or provided to someone, typically as a gift, a contribution, or a proposal. It can also refer to a product or service that is made available for sale or use.
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.
An offer is a specific proposal to enter into a contract, while an invitation to treat is an invitation for others to make offers.
Yes, an offer can be made orally, in writing, or even through conduct, as long as it clearly indicates an intention to enter into a contract.
Yes, an offer can be conditional, meaning that certain requirements or conditions must be met for the offer to be valid.
In general, an offer can only be accepted by the person to whom it was made, unless the offer specifically allows for acceptance by a third party.
If an offer specifies a time frame for acceptance and is not accepted within that time, the offer is considered to have lapsed.
Yes, an offer can be terminated through revocation, rejection, lapse of time, or by the death or incapacity of either party.
Yes, an offer can be withdrawn before it is accepted, unless it is an irrevocable offer.
Accepting an offer creates a binding contract between the parties, and both parties are then obligated to fulfill the terms of the contract.
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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