Offeror
In one sentence
The person who makes an offer to enter into a contract.
Plain English
The offeror is the party who starts the contract process by making an offer to someone else. The offeror controls the terms of the initial proposal and can withdraw the offer before it's accepted. Once the other party accepts, the offeror becomes bound by the contract. The offeror is essentially saying, "If you agree to these terms, we have a deal."
Ad slot
Example
A company posts a job listing offering $60,000 per year for a marketing position. The company is the offeror. When a candidate accepts the job, the company is bound by its offer.
Used in a sentence
“The offeror withdrew the proposal before the offeree had a chance to respond.”
Related terms
Offer
A proposal to enter into a binding agreement on specific terms.
Offeree
The person who receives an offer and has the power to accept or reject it.
Acceptance
Agreeing to the exact terms of an offer, creating a binding contract.
Consideration
Something of value exchanged by each party to make a contract binding.
Unilateral Contract
A contract where only one party makes a binding promise in exchange for the other's performance.
Legal Capacity
The legal and mental ability to enter into a binding contract.
Mutual Assent
Both parties agree to the same contract terms at the same time.
Meeting of the Minds
Both parties share the same understanding of a contract's essential terms.
This page is a plain-English reference and is not legal advice. Laws vary by jurisdiction and change over time. For specific situations consult a licensed attorney.