Offeree
Updated: 29 February 2024
What Does Offeree Mean?
The offeree is the person who receives a contract, such as a sale of stocks or property. To be an offeree, they must not have agreed with the terms and conditions of the contract yet.
Insuranceopedia Explains Offeree
A person becomes an offeree when they are given a contract by the offeror. This is the initial stage of any contract. Because they have yet to give assent to the contract and make it legally binding, they are not yet a legal party to it. At this stage, they can suggest amendments to the contract before entering into it.
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