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Giving word either orally or in writing, that one agrees to the offer that one receives.
Acceptance
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A [...] becomes final when an offer made by one party is accepted by the other party and the acceptance reaches the offerer.
Agreement
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One party to a contract does not meet the obligations imposed by the contract, thus resulting in damages to the other party.
Breach of Contract
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An agreement put in writing.
A contract
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Costs and extra expenses one suffers as a result of a breech in contract or a tort committed by another party.
Damages
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Generally accepted and morally justifiable behaviour depending on the situation.
Good faith.
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A proposal to come to an agreement that lacks some of the elements of an offer.
Invitation to enter into negotiations
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An offer that has become valid cannot be cancelled by the offerer, due to its content. It remains valid and cannot be cancelled because of the period of time.
Irrevocable offer
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Used to state the current status of negotiations between the parties involved and is intended to be a draft version of the final agreement.
Letter of intent
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Compensation in making financial restitution to an aggrieved party, putting it in a position where it would have been had the agreement becomes final.
Loss of profit.
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Period of time during which parties , through offers and counter offers, discuss the content of a possible future agreement and by acceptance of an offer make an agreement.
Negotiations.
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A proposal to make an agreement contains a description of the object, the price and the number of objects.
Offer
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Person who receives an offer made by another person
Offeree
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Person whom makes the offer
Offerer
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Stage of negotiations between two or more parties
Preliminary stage
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The offerer cancels his own valid offer orally or in writing. Possible if the offeree sends his acceptance, unless the offer is irrevocable.
Revoking an offer
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A moment in time, a period of time.
Stage
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A wrongful act committed by a private party against another private party, thus acting in conflict with statutory law or in conflict with the rules of good faith that govern the preliminary stage and causing the other party damage
A tort
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An offer becomes a valid offer the moment it reaches the offeree.
A Valid Offer
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Preventing an offer from becoming a valid offer by using a faster means of communication that the one used for the offer itself in order to cancel on's own offer. Possible up to and including the moment the offer reaches the offeree.
Withdrawing an offer
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