MLchartDataset catalogue

Offer

Term · Law · MLC-T-LAW-003522

A proposal made by one party to another, indicating a willingness to enter into a contract on specified terms. For an offer to be legally binding, it must be clear, definite, and communicated to the offeree, demonstrating an intent to be bound upon acceptance. The offer creates the power of acceptance in the offeree.

Table 1. Record
IdentifierMLC-T-LAW-003522
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003522",
  "term": "Offer",
  "field": "Law",
  "definition": "A proposal made by one party to another, indicating a willingness to enter into a contract on specified terms. For an offer to be legally binding, it must be clear, definite, and communicated to the offeree, demonstrating an intent to be bound upon acceptance. The offer creates the power of acceptance in the offeree.",
  "url": "https://mlchart.com/terminology/law/offer/"
}

Record 3,515 of 5,441 in Law terminology (MLC-0107). Request the full dataset.