Acceptance condition

About this business activity

If someone is entering into a contract, they may want to include an acceptance condition to make sure the other party agrees to the terms. An acceptance condition can also be used if someone is selling goods or services and they want to make sure the other party is satisfied before completing the transaction. Finally, an acceptance condition can provide protection if the other party does not hold up their end of the bargain.

Standard Acceptance Condition For Takeover Bid Offer Document

The acceptance condition in the offer document sent out as part of a takeover bid (drafted under the 12th edition of the Takeover Code) is an example of an acceptance condition.

What to watch out for

  • The specimen form of acceptance condition contained in the offer document sent out as part of a takeover bid
  • The 12th edition of the Takeover Code
  • Contract template sketch

    Relevant Contract Types

    πŸ’Έ Acceptance condition

    A acceptance condition is a legal agreement between two parties that outlines the terms of a particular transaction. This can include things like the price, the quantity, the quality, the delivery date, and any other important details. Once both parties have signed the acceptance condition, they are legally bound to uphold their end of the agreement.

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