Advertisement

Offeree

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.

Advertisement

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.

Advertisement

Share this Term

  • Facebook
  • LinkedIn
  • Twitter

Related Reading

Tags

InsuranceThe Insurance Business

Trending Articles

Go back to top