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offeree |
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offeree n. a person or entity to whom an offer to enter into a contract is made by another (the offeror). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| A transaction is offered under conditions of confidentiality if (1) an offeree has an understanding or agreement to limit the disclosure of the transaction or any of its significant features or (2) the promoter knows, or has reason to know, that an offeree's use or disclosure of the transaction is limited in any manner. A lower bound is set at the same percentage adopted by the Corporations Law for determining when an offeror already has effective control of an offeree, namely 30% (See Corporations Law, chapter 6, s. agreements requiring the offeree to pay a fee to a promoter if the offeree engages in the transaction regardless of whether the offeree uses the promoter's services) are considered to be offered under "conditions of confidentiality. |
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