Offeree

What Does Offeree Mean?

The offeree is the individual who receives an offer in a contract, such as for the sale of stocks or property. To be considered an offeree, they must not have yet accepted the terms and conditions of the contract.

Insuranceopedia Explains Offeree

A person becomes an offeree when they receive a contract from an offeror, marking the initial stage of a contractual agreement. Since they have not yet accepted the terms, the contract is not legally binding, and they are not considered a legal party to it. At this stage, the offeree can propose amendments or negotiate the terms before agreeing to the contract.