👉 In the context of legal or commercial transactions, a "profferer" refers to a person who makes an offer on behalf of another party. These offers are typically made in exchange for consideration from the other party, such as money, goods, services, or real property. Profferers can be either individuals or entities. In some cases, they may represent themselves, while others may be appointed by their employer or a legal entity. Profferers are often involved in negotiations or agreements between parties
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What is the definition of Profferer? 🙋
👉 In the context of economics and finance, a profferer is a person who makes an offer to another party that they believe is fair or reasonable. This can be in exchange for something of value, such as goods or services, or it could be simply a statement of willingness to negotiate further. The term "proffer" comes from the Latin phrase "proferere," which means to give or to propose. In this context, proffering is used to describe an offer that someone makes
