Homonym: Offer (Proposal)
An "offer" is a proposal made by one party to another, indicating a willingness to enter into a contract or agreement. It outlines the terms and conditions under which the offering party is prepared to provide goods, services, or other benefits. An offer can be made verbally, in writing, or through conduct, and it must be clear and specific to be legally binding.
In legal terms, an offer is essential for forming a contract, as it must be accepted by the other party to create mutual agreement. Once accepted, the offer becomes part of the contract, and both parties are obligated to fulfill their respective roles. If the offer is rejected or not accepted within a specified time, it typically becomes void.