Acceptance of Offer

Acceptance of Offer is a core step in the formation of a foreign trade contract, referring to the offeree's unconditional agreement to the terms of the offer, expressed by statement or conduct, within the validity period of the offer. According to the United Nations Convention on Contracts for the International Sale of Goods (CISG), once acceptance becomes effective, the contract is formed and legally binding on both parties. Usage scenario: After receiving an offer, when the offeree decides to conclude the transaction on the terms of the offer, it must send a notice of acceptance to the offeror. Points to note: Acceptance must be made by the offeree itself or its authorized agent; it must be delivered to the offeror within the validity period of the offer by written, oral, or conduct-based means; the content of acceptance must be completely consistent with the offer. If there are additions, limitations, or modifications, it constitutes a counter-offer rather than an acceptance; the effective time of acceptance follows the receipt rule (effective when the notice reaches the offeror), but if the offeree indicates acceptance by performing an act, it becomes effective when the act is performed. Difference from 'counter-offer': A counter-offer is a rejection of the offer and constitutes a new offer, while acceptance is complete agreement to the original offer. Difference from 'offer': An offer is a declaration of intent inviting the other party to conclude a contract, while acceptance is the promise; together they constitute the formation of the contract.