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Acceptance of offer means the Attachment labeled "Offer and Acceptance" bearing the State contract number once the Procurement Officer has signed it to signify the (1) formal acceptance of the Offer and (2) the formation of the Contract. Elements to Acceptance​​ Acceptance is the final agreement of both parties to consent to the terms of the offer.An offer is a statement of the terms on which the offeror is willing to be bound. An acceptance is a necessary part of a legally binding contract: If there's no acceptance, there's no deal. A valid acceptance must agree in all particulars with the Offer; otherwise, it is a counteroffer, not an acceptance at all. Formally accepted the written job offer letter with a confirmed start date. The offer requires valid acceptance for a binding contract to be formed. An offer can only make an agreement if it is accepted in its entirety. 'Offer letter' and 'acceptance letter' are two terms you will come across frequently while researching the college admission process. When you offer acceptance consideration in a contract, the two parties must first determine whether the offer is accepted.