1) In contract law, if you are presented with a contract proposal, it's official... No matter if it's an adhesion contract, or a negotiated transaction.
The offeror made is an official presentment. The offeree has 4 choices;
1. Do nothing
2. Accept (sign)
3. Decline
4. Counter
The offeror made is an official presentment. The offeree has 4 choices;
1. Do nothing
2. Accept (sign)
3. Decline
4. Counter
2) if you want to make it less formal, you would instead send an "invitation to treat," which is like saying, "Hey, take a look at this, see if it makes sense, and send any feedback..."
Like a movie treatment...
Once that's done, an official proposal usually follows.
Like a movie treatment...
Once that's done, an official proposal usually follows.
3) The offeror can always withdraw the offer before an action takes place on the part of the offeree. If a counter offer is made, the offeror can no longer withdraw.
Both parties are stuck in the process, knowing they can always decline when presented w/ an offer, or a counter.
Both parties are stuck in the process, knowing they can always decline when presented w/ an offer, or a counter.
4) Start talking like this, and you'll lose lots of friends at parties... Ni modo.
