Revocation of Offers

Revocation of an offer refers to the cancellation of an offer before it is accepted by the other party. In legal terms, an offer can be withdrawn at any time before it is accepted, which means the person who made the offer is no longer obligated to follow through if the other party accepts it later. However, the revocation must be communicated effectively to the other party. It’s important to note that once an offer is accepted, it becomes a binding agreement, and the offeror cannot revoke it without facing potential legal consequences.