The firm offer rule allows the offeror to revoke an offer at any point of time prior to the acceptance.

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The firm offer rule is an exception to the general rule that an offeror can revoke an offer at any time before it is accepted. Under the firm offer rule, if the offeror makes a signed, written promise to keep the offer open, then the offer cannot be revoked for the time period specified in the promise (up to a maximum of three months).

The Firm Offer Rule Allows the Offeror to Revoke an Offer