<Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> Offer and acceptance analysis is a traditional approach in contract law . The offer and acceptance formula, developed in the 19th century, identifies a moment of formation when the parties are of one mind . This classical approach to contract formation has been modified by developments in the law of estoppel, misleading conduct, misrepresentation and unjust enrichment . </P> <P> Treitel defines an offer as "an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed", the "offeree". An offer is a statement of the terms on which the offeror is willing to be bound . It is the present contractual intent to be bound by a contract with definite and certain terms communicated to the offeree . </P> <P> The expression of an offer may take different forms, such as a letter, newspaper advertisement, fax, email and even conduct, as long as it communicates the basis on which the offeror is prepared to contract . </P>

What is the definition of offer in contract law