Offer
/ˈɒfər/
Definitions
- (n.) A proposal to enter into a contract on specified terms made by one party to another.
The buyer made an offer of $10,000 for the car.
- (v.) To present or propose terms for acceptance in a contract or negotiation.
She offered to sell the painting for $500.
Forms
- offers
- offered
- offering
Related terms
See also
Commentary
An offer must be clear, definite, and communicated to the offeree; it creates the power of acceptance and is distinct from an invitation to treat.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.