Firm Offer

A definite and binding proposal, in writing, to enter into a contractual agreement.

A firm offer generally states that it will remain open for a certain set time period during which it is incapable of being revoked.

Firm offers are frequently made by merchants who wish to buy or sell goods and are governed by the Uniform Commercial Code.

firm offer

n. in contract law, an offer (usually in writing) which states it may not be withdrawn, revoked or amended for a specific period of time. If the offer is accepted without a change during that period, there is a firm, enforceable contract. (See: contract, offer, acceptance)

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References in periodicals archive

The QPR boss said: "If a club wants him and comes in and make firm offers and if the owners think it is the right offer then he will go.

'NO FIRM BIDS' FOR ACE AUSTIN

The QPR boss said: "If a club wants him and come in and make firm offers, and if the owners think it's the right offer, then he'll go.

Newcastle United effectively invited to place a 'firm offer' for striker Charlie Austin; Despite talk of a new contract on the table for Charlie Austin, interested clubs told to bid up for the unsettled striker

If you have met the Conditional Firm offer, but in the meantime have had a change of heart and would prefer to go to the insurance offer university, then you need to ask to be released from your firm offer.

Your essential guide now the results are in; Your guide to results day maze

For example, five consecutive 24-hour periods from your Conditional Firm offer becoming Unconditional to secure an alternative place.

Your guide to the results day maze

I cannot make a decision until I have firm offers on the table."

MLS talks, but there have been no firm offers, insists Britton

Brightside agreed once on 13 August to extend the offer period in order to allow Markerstudy more time to make a firm offer, but after the latest developments it said it will not agree to a new extension.Country: UKSector: Insurance, Wholesale/RetailTarget: Brightside Group plcBuyer: Markerstudy Holdings LimitedType: Corporate acquisitionStatus: Bidding

Brightside turns down Markerstudy's reduced takeover proposal

France-based Credit Mutual has made a firm offer for the German banking unit of Citigroup, Inc (NYSE: C).

Credit Mutuel makes firm offer for German unit of Citibank

``But if a firm offer has been made then it is more than likely that we are out of the game.''

Second bidder steps into race for Jensen

17 July 2013 - UK insurance broker Markerstudy Holdings Limited confirmed it had made an initial proposal to buy domestic peer Brightside Group plc (LON:BRT), but it would decide whether to make a firm offer after due diligence.

Markerstudy says no decision yet on firm bid for Brightside