Offeror

The offeror is the person or party who initiates a contract by making an offer to another party (the offeree). The offeror proposes specific terms and conditions under which they are willing to enter into a contract. The offeror’s role is to set the stage for the potential agreement, and the contract will only come into effect if the offeree accepts the offer. The offeror has the authority to define the terms of the offer and can also revoke the offer before it is accepted unless there are legal restrictions or specific circumstances that prevent revocation.