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Firm Offer

   Also found in: Acronyms, Wikipedia 0.04 sec.

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firm offer n. in contract law, an offer (usually in writing) which states it may not be withdrawn, revoked or amended for a specific period of time.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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Insist that the engineering firm offer documented and specific experience in planning and designing building systems for long-term care occupancy.
Basically, by the time they take four to six weeks to get through their internal processes, the candidate has already received a firm offer from a competitor.
Referrals: Most ElderCare/PrimePlus services referrals come from others within the community who are aware that a firm offers these services.
 
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