offer
Definition 1
Voluntary but conditional promise submitted by a buyer or seller (offeror) to another (offeree) for acceptance, and which becomes legally enforceable if accepted by the offeree. An offer (unlike a solicitation) is a clear indication of the offeror's willingness to enter into an agreement under specified terms, and is made in a manner that a reasonable person would understand its acceptance will result in a binding contract. Offers normally include a closing date, otherwise a period of 30 days after the date of offer is commonly assumed. See also bid and proposal.
Definition 2
Terms and conditions under which an offer is made, such as quantity, price, discounts, delivery date, shipping costs, etc.
offer is in the Advertising, Marketing, & Sales, Agreements & Contracts, Corporate, Commercial, & General Law and Purchasing & Procurement subjects.
offer appears in the definitions of the following terms:
flexible staffing,
substantive coercion risk,
lockout agreement,
product,
monopolistic competition,
bid,
public warehouse,
self-liquidating promotion,
commitment letter,
advisory board of directors
and
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