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unilateral offer


Definitions of unilateral offer

  • an offer made to the world as a whole rather than to one specific party without the need for further negotiations, especially an offer which requires the offeree to perform an act. The contract is accepted (and therefore binding) when the offeree performs the act, thus forming a binding contract (eg found a lost item and given it back to its original owner in return for a reward).

    "The manual will constitute, in effect, a unilateral offer that an employee may accept through continued employment."

Phrase Bank for unilateral offer

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