In legal and business contexts, the party who makes an offer in a contract negotiation or transaction.
From Middle English 'offeren' (to offer) plus the agent suffix '-or' indicating one who performs an action. The legal term developed in contract law to distinguish between the party making an offer and the 'offeree' who receives it.
In contract law, the offeror has the power to revoke their offer at any time before acceptance, unless they've created an 'option contract.' This creates an interesting power dynamic where the person making the offer initially holds most of the control in negotiations.
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