Note: In Sealed Bid Solicitations "Offer" And "Offeror" Mean &Qu: Fill & Download for Free

In partnership agreements, there is often a mechanism whereby one partner can dissolve their association by ‘buying’ out another partner by making an offer to purchase their interest at a specific price. A clause, often called a ‘shot-gun’ clause seeks to limit ‘lowball’ offers (which might otherwise have to be accepted), by making it a condition that, once the offer is made, the offeree can, instead, require the offeror to instead sell his/her interest at the same price.

If you ask me if you can file, the answer is Yes.(Because anyone can file a case against anyone).Will you win it? Will it stand legally? NO.The reason for that is -Because Rajnath Singh making a public statement and promising to get back black money doesn't constitute a Legal Promise.There is no biding contract for his promise to be enforceable.So, what then is a Contract ?The legal definition of Contract is -"A Contract is an Agreement enforceable by law".Therefore contract needs an agreement (which means there should be meeting of minds) which is enforceable by law (which means needless of say, it cannot be about something illegal).In order to enter into a contract, you need to have the following things done -1. OfferOffer is when a certain stipulation is offered or proposed.For example - I offer to sell you my Television.An offer is complete when it is reciprocated to another person. Once it reaches the other person, the offeror cannot withdraw his offer.2. AcceptanceAcceptance is when the offeree agrees to bind himself with the stipulation.Example - You agree to buy my Television.An acceptance once received by the Offeror cannot be withdrawn by the Offeree.3. ConsiderationFor a contract to be complete, this is the third most important thing.Consideration means the price paid by the other party in exchange of the terms of the contract. So, in the above example, Money you pay me for the television is my consideration and Television is yours.Quid - Pro - Quo.4. Intention to create a legal relationshipFinally, the last important thing is an intention to create a legal relationship. Now this point is not as developed in India as it is in the West. Nevertheless, it's important.So, there you go, none of the above is happening in this case. So, in short, you don't stand a chance in court.

I’ll try to turn this into a koan about the sound of one hand slapping.In all likelihood the person posing the offer would be attempting to make a point about how a person’s greed will motivate an increase in suffering. I think such a person would be well served by a little lesson.There’s a woman I know and have worked with in the past, who runs a shelter for abused women in need of temporary shelter.I’d go to her, give her a mild slap, and direct the offeror to pay the $10,000 to the woman’s organization.I suspect she and I would politely inquire of the offeror, “Again?”