The Offering Party Must Communicate the Revocation to the Other Party Before They Accept the Offer, but Once the Revocation Has Been Communicated the Offer It Pertains to Is No Longer Considered Valid and Cannot Legally Be Accepted. Revocation Goes into Effect as Soon as It Has Been Communicated to the Relevant Party.
When Is Revocation Effective?
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★ Key Takeaways
The Offering Party Must Communicate the Revocation to the Other Party Before They Accept the Offer, but Once the Revocation Has Been Communicated the Offer It Pertains to Is No Longer Considered Valid and Cannot Legally Be Accepted. Revocation Goes into Effect as Soon as It Has Been Communicated to the Relevant Party.
Direct Answer • Key Takeaway