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Binding Contract
An agreement between parties that is legally enforceable and has all the essential elements of a contract.
Offeror
The party in a contract proposition who makes the offer to enter into an agreement, proposing terms to another party, the offeree.
Offeree
The party to whom an offer is made in a transaction or agreement.
Offeror
The party in a contract negotiation who makes a proposal or offer to another party for entering into an agreement.
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