Common use of Offers and Order Confirmations Clause in Contracts

Offers and Order Confirmations. A Seller’s price offer (an “Offer”) is valid for a period of 7 calendar days, unless otherwise stipulated in the Offer. An Offer shall be binding (and hereafter referred as to a “Binding Offer”) on the Seller, subject to the receipt by the Seller of a written order (an “Order”) from the Buyer within 7 days of the sending of the Offer by the Seller or within the period stipulated in the Offer. After such a period as well as in the absence of an Offer, only a written order confirmation (an “Order Confirmation”) issued by the Seller shall be binding on the Seller.

Offers and Order Confirmations. A Seller’s price offer (an “Offer”) is valid for a period of 7 calendar 5 days, unless otherwise stipulated in the Offer. An Offer shall be binding (and hereafter referred as to a “Binding Offer”) on the Seller, Seller subject to the receipt by the Seller it of a written order (an “Order”) from the Buyer within 7 5 days of the sending of the Offer by the Seller or within the period stipulated in the OfferSeller. After such a 5 day period as well as in the absence of an Offer, only a written order confirmation (an “Order Confirmation”) issued by the Seller shall be binding on the Seller.