Legal Definitions - Offeror

An Offeror is the party who initiates a potential contract by making a proposal to another party. This proposal, known as an offer, expresses a clear willingness to enter into a bargain or agreement, typically outlining specific terms and conditions. The offeror essentially sets the initial terms that the other party can then accept, reject, or counter.

• Example 1: Business Services

  Imagine a marketing agency sends a detailed proposal to a new client, outlining a campaign strategy, deliverables, timeline, and a fixed fee for their services. In this scenario, the marketing agency is the Offeror because they are presenting the initial terms and conditions under which they are willing to provide their services to the client.

• Example 2: Sale of Goods

  Consider a person who wants to sell their used car. They post an advertisement stating the car's make, model, year, mileage, and a specific asking price. When a potential buyer expresses interest, the seller is the Offeror because they have made a clear proposal to sell the car at a stated price, inviting acceptance from a buyer.

• Example 3: Real Estate Lease

  A landlord provides a prospective tenant with a written lease agreement for an apartment, specifying the monthly rent, lease duration, security deposit amount, and rules regarding pets. The landlord is the Offeror because they are presenting the terms under which they are willing to rent out their property, inviting the tenant to accept these terms.