offeree

American  

[aw-fuh-ree, of-uh-] / ˈɔ fəˌri, ˈɒf ə- /

noun

Law.

1. the person to whom an offer is made.

   The offeree failed to follow up his earlier expression of interest, and the offer lapsed.

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Etymology

Origin of offeree

First recorded in 1845–50; offer ( def. ) + -ee ( def. )

Example Sentences

Examples include, requiring the offeree to pass a background check or to have a certain degree.

From Forbes

The companies, which are both being treated as offeree companies, are required to announce a firm intention to make an offer not later than March 24.

From Reuters

The Takeover Panel has stated that these types of protections may “deter competing offerors from making an offer, thereby denying offeree company shareholders the possibility of deciding on the merits of a competing offer.”

From New York Times

In the case of contracts between parties who are not in each other's presence, the intimation to the offerer of the offeree's acceptance is not necessary for validity, if the contract is gratuitous; but the contrary seems to be true, at least per se, if the contract is onerous.

From Project Gutenberg

The law in the United States generally is that an offer may be withdrawn immediately or after a reasonable time, unless it was made on time for a consideration; and that a contract between the absent begins only on receipt by the offerer of the acceptance of the offeree, if the former stipulated for this, or if the offerer uses one means of communication as his agency and the offeree another.

From Project Gutenberg