Unconditional Offer
/ʌnˈkʌndɪʃənəl ˈɒfər/
Definitions
- (n.) A proposal made without any conditions or qualifications, creating a binding commitment upon acceptance.
The party made an unconditional offer to purchase the property, which the seller accepted immediately.
Forms
- unconditional offer
- unconditional offers
Related terms
See also
Commentary
An unconditional offer lacks any contingencies, making it immediately binding once accepted; drafters should ensure clarity to avoid ambiguity regarding conditions.
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.