An offeror is a person or entity that makes a proposal to enter into a contract. This proposal, known as an offer, outlines the terms and conditions under which the offeror is willing to engage in a transaction. The offeror can be an individual, a business, or an organization. When the offer is accepted by another party, known as the offeree, a legally binding contract is formed. The offeror is responsible for fulfilling the terms of the contract once it is accepted. Understanding the role of the offeror is essential in fields like contract law and business negotiations.