Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

offer for sale by tender

Read a random definition: de libero homine exhibendo

A quick definition of offer for sale by tender:

An offer for sale by tender is a type of auction where potential buyers submit sealed bids for a property or item. The seller sets a minimum price, and interested buyers submit their best offer in a sealed envelope. The seller then reviews the bids and chooses the highest one. This type of auction is often used for high-value items or properties where the seller wants to maintain privacy and control over the sale process. It is similar to a Dutch auction, where the price is gradually lowered until a buyer is found, but in a tender offer, the price is set by the seller and the buyers compete to offer the highest amount.

A more thorough explanation:

An offer for sale by tender is a type of auction where potential buyers submit sealed bids for a property or item. The seller then reviews the bids and chooses the highest one. This type of auction is also known as a Dutch auction.

  • A homeowner wants to sell their house and decides to use an offer for sale by tender. They set a deadline for bids and interested buyers submit their offers in sealed envelopes. The homeowner reviews the bids and chooses the highest one.
  • A company wants to sell a piece of equipment and uses an offer for sale by tender. Potential buyers submit their bids and the company chooses the highest one.

These examples illustrate how an offer for sale by tender works. Interested buyers submit their bids in a sealed envelope, which ensures that the bids are confidential. The seller then reviews the bids and chooses the highest one, which is the winning bid.

offensive-use waiver | offering circular

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
LSD+ is ad-free, with DMs, discounts, case briefs & more.