Offer to Purchase
/ˈɔː.fər tə ˈpɜːrtʃəs/
Definitions
- (n.) A buyer's formal proposal to acquire property, outlining terms and conditions of purchase.
The buyer submitted an offer to purchase the house at the listed price.
Forms
- offer to purchase
Related terms
See also
Commentary
An offer to purchase often precedes a formal contract and may serve as a binding agreement if accepted, so clarity in terms and contingencies is crucial.
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.