Examlex
Use the product rule to simplify.
Irrevocability Period
A designated timeframe during which a decision, such as an offer or contract, cannot be retracted or revoked.
Purchase Price
The amount of money paid or to be paid by the buyer to acquire an asset or service from the seller.
Firm Offer
An offer made in writing and containing assurances that it will be irrevocable for a period of time not longer than three months despite a lack of consideration for the irrevocability.
Irrevocability Period
The timeframe during which a decision, offer, or agreement cannot be revoked or withdrawn.
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