Offeree

An offeree is a person or entity who receives an offer to enter into a contract. In a legal agreement, one party (the offeror) proposes terms, and the offeree can accept, reject, or negotiate those terms. The offeree’s acceptance of the offer is crucial for forming a binding contract. Essentially, the offeree holds the power to decide whether or not to accept the terms presented, and their response to the offer determines whether an agreement is reached. Understanding this role is important in the context of contracts and negotiations.