In most cases of business law, advertisements are generally not considered offers. In regards to the contract doctrine, an offeror must direct his or her good or service to an identifiable consumer, or offeree. The consumer in question does not have to be a singular entity, but can take the form of a corporation, an individual, or a group of individuals.
Advertisements must specify the terms that will represent a binding agreement if accepted by the consuming party. The majority of advertisements that consumers see (television commercials, radio advertisements, or internet advertisements) are not considered offers because they simply invite the consumer to consider purchasing the product or service.
An example of advertisement is an offer that specifies a specific price and place to accept the underlying offer. The term “first come first serve” with an attached price of a good and a location to purchase the good is considered an offer. If you need legal advice and assistance, contact business lawyers.