A contract is legally binding. DEFINITIONS. Bid – shall refer to any offer(s) submitted in response to this solicitation.An offer is a proposal from one party to another intending to create a legal obligation upon acceptance. Getting ready to write an offer for a house? In this video, I show you how to fill out the As-Is contract to purchase a home. By acceptance of any contract, the Contractor agrees to comply with all antitrust laws of the United States and the State of Florida. Sales contracts are legally binding written agreements that govern a transaction between a buyer and a seller.