Legal Definitions - liceri

Liceri is a Latin term related to "licitari," which means to bid or offer for sale. In a legal context, it refers to the act of making an offer or bidding, often in an auction or public sale process.

Liceri refers to the act of making a formal offer or proposal, typically a bid, to acquire something. This action often occurs in a competitive environment, such as an auction, a tender process, or a formal sale, where multiple parties may be vying for the same item or contract. It encompasses the process of stating a price one is willing to pay or a service one is willing to provide in order to secure an asset or agreement.

Here are some examples illustrating the concept of liceri:

• Real Estate Auction: Imagine a property developer attending a public auction for a highly sought-after commercial building. When the auctioneer opens the bidding, the developer raises their paddle, indicating a specific price they are willing to pay. This act of formally offering a price for the property, competing against other potential buyers, is an instance of liceri.

• Government Procurement Tender: A technology company wishes to secure a contract to supply new computer systems to a government agency. The agency issues a Request for Proposal (RFP), inviting companies to submit their best offers. The technology company meticulously prepares and submits a detailed proposal outlining its services, proposed technology, and pricing. This submission of a formal offer in response to the tender is an example of liceri.

• Estate Sale of Collectibles: During the liquidation of a valuable antique collection, potential buyers are invited to submit sealed bids for various items. A passionate collector, keen on acquiring a rare vintage watch, writes down their maximum offer and places it in the designated bid box. This formal submission of a price to purchase the watch, hoping it is the highest offer, represents an act of liceri.