Who is the individual that makes an offer in a contract situation?

In contract law, the individual who makes an offer is referred to as the offeror. The offeror presents the terms of the contract to another party, known as the offeree, who has the option to accept, reject, or counter the offer. The role of the offeror is foundational in the creation of a contract, as their offer sets the parameters for the agreement that may follow.

Understanding the roles within a contract is crucial; the offeror initiates the contractual process by proposing the exchange of promises or performance. This role is distinctly different from that of the offeree, who only considers the offer made by the offeror. The other options, like assigns or promisees, refer to different aspects or roles in contract law but do not encompass the action of making an offer. Hence, the term "offeror" is defined specifically as the one who extends the offer in a contractual negotiation.