The Offer and Acceptance Theory

The Offer and Acceptance Theory explains how a legal agreement or contract is formed. It involves two key steps: firstly, one party makes an offer, clearly proposing terms they are willing to agree to. Secondly, the other party accepts this offer without conditions or changes. When acceptance happens, a binding contract is created. This process ensures both parties agree to the same terms, making the agreement enforceable by law. It emphasizes clear communication and mutual consent as the foundation of valid contracts.