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AI Generated Video

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Created December 10, 2025

About this video

Check out this video I made with revid.ai

https://www.revid.ai/view/understanding-contracts-and-offers-JIZlbxAFcNRLC4d4Wxjz

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Video Transcript

Full text from the video

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An advertisement is almost never a legal offer, it is usually just an invitation for

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you to make one. To actually have a binding contract, you need consideration, which means a real

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exchange of value. A promise made out of gratitude or for a past favor doesn't count.

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You can legally revoke an offer any time before it's accepted, but be careful with

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the mailbox rule. The second an acceptance hits the mailbox, the deal is live. And if you change

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even one term when accepting, you haven't agreed to anything; you just made a counteroffer.

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