What is an offer?
An offer is a clear proposal to enter a contract on stated terms.
Why it matters
An offer starts the deal; only when accepted does a contract form.
Common confusion
An advertisement is usually an invitation to negotiate, not an offer.
Frequently Asked Questions
Can I revoke my offer?
Yes, before it is accepted, in most cases.
What makes an offer valid?
Clear terms and an intent to be bound if accepted.
Is a price tag an offer?
Typically no — it invites offers from customers.