terms of offer

Terms of offer refer to the specific details outlined in a proposal to enter into a contract or agreement. They include the conditions, obligations, and rights of each party involved. For example, they specify what is being offered, the price, deadlines, and any other relevant conditions. These terms ensure both parties understand what is expected and help prevent misunderstandings or disputes. Once accepted, these terms form the basis of the legal agreement. Clear terms of offer are essential for transparency and fairness in any contractual relationship.