An "Offer" or "Proposal" is a formal suggestion made by one party to another, typically in business or legal contexts. It outlines the terms and conditions under which one party is willing to engage in a transaction or agreement. Offers can be made for various purposes, such as selling goods, providing services, or entering into contracts. In many cases, an offer includes specific details like price, delivery timelines, and any contingencies. Once the recipient accepts the offer, it can lead to a binding agreement, often referred to as a contract. Understanding the elements of an offer is crucial for effective negotiation and communication in business dealings.