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  2. Invitation to treat - Wikipedia

    en.wikipedia.org/wiki/Invitation_to_treat

    A contract is a legally binding voluntary agreement formed when one person makes an offer, and the other accepts it. There may be some preliminary discussion before an offer is formally made. Such pre-contractual representations may include "invitations to treat", "requests for information" or "statements of intention".

  3. Most-Favoured-Customer Clause - Wikipedia

    en.wikipedia.org/wiki/Most-Favoured-Customer_Clause

    A Most-Favoured-Customer Clause (MFC) is a contractual arrangement between vendor and customer that guarantees the customer the best price the vendor gives to anyone. The MFC prevents a company from treating different customers differently in negotiations.

  4. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    To be enforceable, the offers and acceptances must be in writing (Statute of Frauds, Common Law)and signed by the parties agreeing to the contract. Often, the party making the offer prepares a written real estate contract, signs it, and transmits it to the other party who would accept the offer by signing the contract.

  5. Blanket order - Wikipedia

    en.wikipedia.org/wiki/Blanket_order

    A blanket order, blanket purchase agreement or call-off order [1] is a purchase order which a customer places with its supplier to allow multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing. It is normally used when there is a recurring need for expendable goods.

  6. Discounts and allowances - Wikipedia

    en.wikipedia.org/wiki/Discounts_and_allowances

    The idea from a seller's viewpoint is to offer some discount but have the buyer showing some "counter action" to earn this special discount. Sellers like this as the discount granted is not just "given for free" and makes future price/value negotiations easier. Buyers have the advantage of getting some value for something no longer used.

  7. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    The offer cannot be accepted if the offeree knows of the death of the offeror. [47] In cases where the offeree accepts in ignorance of the death, the contract may still be valid, although this proposition depends on the nature of the offer. If the contract involves some characteristic personal to the offeror, the offer is destroyed by the death.

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