What does revocation of an offer imply?

Revocation of an offer signifies that the offer has been withdrawn by the offeror and is no longer valid, meaning it cannot be accepted by the offeree. This action ends the possibility of an agreement based on that offer, ensuring that the offeree can no longer accept the terms that were originally presented.

Understanding this concept is fundamental in contract law, as a valid offer is a prerequisite for forming a legally binding agreement. Once revoked, the offeror is free to negotiate new terms or make a different offer, but the previous offer cannot be relied upon by the offeree after the revocation has been communicated. Therefore, it is essential to recognize that revocation is a definitive action that terminates the offer, reflecting that the offeror no longer wishes to enter into a contract under the proposed terms.