Examlex
For a major purchase,negotiations between a purchaser and potential vendors are done as quickly as possible in order to begin the manufacturing process.
Effective Offer
A proposal made in such terms that upon acceptance, a legally enforceable contract is formed.
Communicated
The process of conveying information or expressing ideas and feelings through speech, writing, or other mediums.
Offeree
An individual or entity that receives a proposal or invitation to enter into an agreement.
Price
The amount of money expected, required, or given in payment for something.
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