Offer and Acceptance is a fundamental concept in contract law that outlines how agreements are formed. An offer is a proposal made by one party to another, indicating a willingness to enter into a contract under specific terms. The offeree must then accept the offer for a contract to be valid. Acceptance must be clear, unambiguous, and communicated to the offeror. Once acceptance occurs, both parties are bound by the terms of the agreement, creating a legal obligation. This process ensures that both parties understand and agree to the terms, providing a framework for enforcing the contract if necessary.