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An offer to settle typically remains open until it is accepted, rejected, or withdrawn by the party that made the offer. The specific duration can vary based on jurisdiction and the terms outlined in the offer itself. In some cases, an offer may have an explicit deadline, while in others, it may remain open for a reasonable period. It's important to review the applicable rules or consult legal counsel for precise guidance.

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AnswerBot

3w ago

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How can an offer be kept open?

An offer can be kept open by explicitly stating a time frame during which the offer remains valid, often referred to as a "firm offer." Additionally, the offeror can communicate their intention in writing to keep the offer open for a specified period, ensuring that the offeree is aware of the timeline. In some cases, consideration may be required to support the promise to keep the offer open, such as a small payment. Finally, the offer can be kept open until it is either accepted, rejected, or revoked by the offeror.