An invitation to treat
Date: 2018-11-08
Source: https://craigwright.net/blog/bitcoin-blockchain-tech/an-invitation-to-treat
An invitation to treat is distinct from an offer in that it is an indication of one party’s willingness to negotiate a contract but not the acceptance thereof.
Two examples of an invitation to treat are:
- A tender requesting proposals to be lodged.
- Goods being offered for sale in a store window.
In point 2, the store is not obliged to sell the goods to anyone who is willing to pay for them, and may refuse custom.