However, this rule is subject to certain exceptions, under which the offeror can be held bound to its offer for a certain period of time before such offer lapses. In the US legal system, special types of contracts that are promoted as remaining open for a certain period of time, known as option contracts, cannot be revoked within that period.

DOI link for However, this rule is subject to certain exceptions, under which the offeror can be held bound to its offer for a certain period of time before such offer lapses. In the US legal system, special types of contracts that are promoted as remaining open for a certain period of time, known as option contracts, cannot be revoked within that period.

However, this rule is subject to certain exceptions, under which the offeror can be held bound to its offer for a certain period of time before such offer lapses. In the US legal system, special types of contracts that are promoted as remaining open for a certain period of time, known as option contracts, cannot be revoked within that period.