Offeror

An offeror is a person or party who proposes an agreement or contract to another person, known as the offeree. In simple terms, the offeror makes an offer, which includes specific terms and conditions, indicating their willingness to enter into a contract. For example, if you offer to sell your car for a certain price, you are the offeror. The other party can accept, reject, or counter the offer. The concept is crucial in contract law, as it establishes the foundation for mutual agreement between parties.