Pronunciation: [ˈɒfəɹə] (IPA) 
The word "offeror" is spelled with two "f"s and two "r"s. In IPA phonetic transcription, it would be /ˈɒfərə(r)/. The first "o" is pronounced like the "o" in "hot," the "ff" is pronounced like the "f" in "off," the "er" is pronounced like the "ir" in "bird," and the second "o" is pronounced like the "uh" in "wander." The second "r" is silent, but it helps us distinguish offeror from offerer, which has only one "r."
An offeror is an individual or entity that makes a formal proposal to another party, known as the offeree, to enter into a legally binding contract or agreement. In this context, the offeror is the one initiating the offer, presenting terms or conditions, and demonstrating an intention to create legal relations if the offer is accepted.
The role of the offeror involves more than just expressing a willingness to contract. It requires a clear and definite communication that outlines the terms, subject matter, and essential elements of the proposed agreement. The offeror must possess the capacity to enter into a contract, meaning they are legally competent and have the authority to make the offer. Furthermore, the terms of the offer must not be uncertain, vague, or ambiguous.
An offer can be made orally or in writing, and it must be communicated to the offeree directly or indirectly. The offeror has the power to determine the duration of the offer, which can be either open for acceptance for a specified period or revoked at any time before acceptance.
To form a valid contract, the offeror's proposal must be accepted by the offeree without modification, creating a meeting of the minds between both parties. Acceptance is the unequivocal and unqualified agreement to the terms of the offer. If the offeror's offer is accepted, a binding contract is formed, and both parties are legally obligated to fulfill their respective obligations under the agreement.
The word "offeror" is derived from the verb "offer", which dates back to Middle English. The Middle English term "offren" originated from the Old English word "offrian", meaning "to present in worship" or "to sacrifice". The Old English verb itself can be traced back to the Latin word "offerre", which has a similar meaning of "to bring before", "to present", or "to offer". The Latin "offerre" is composed of "ob", meaning "towards", and "ferre", meaning "to carry", or "to bring". Ultimately, the word "offeror" relates to the act of presenting, proposing, or making an offer.
