Offeror
/ˈɒfərə(r)/
Definitions
- (n.) A party who makes an offer to enter into a contract.
The offeror proposed terms to sell the goods for $1,000.
Forms
- offerors
Related terms
See also
Commentary
In contract law, distinguishing the offeror from the offeree is crucial because the offeror controls the terms of the offer and the offeree's acceptance creates a binding contract.
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.