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Glossary  >  A  >  Acceptance  


 

Acceptance


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Unconditional agreement to an offer made by another party, which may lead to a legally enforceable agreement, provided other prerequisites for contract formation are met.  Also, the acceptance of completion or performance of work, or delivery of a good.  See also Offer.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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