Invitation to Treat

Invitation to Treat

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Invitation to treat (or invitation to bargain in the United States) is a contract law term. It comes from the Latin phrase invitatio ad offerendum and means an "inviting an offer." Or as Andrew Burrows writes, an invitation to treat is "an expression of willingness to negotiate. A person making an invitation to treat does not intend to be bound as soon as it is accepted by the person to whom the statement is addressed." Contract lawyers distinguish this from a binding offer, which can be accepted to form a contract (subject to other conditions being met). The distinction between an offer and invitation to treat is best understood through the categories that the courts create. Invitations to treat include the display of goods; the advertisement of a price or an auction; and an invitation for tenders (or competitive bids).show more

Product details

  • Paperback | 112 pages
  • 152 x 229 x 7mm | 177g
  • Duct Publishing
  • United States
  • English
  • 6135675125
  • 9786135675122