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Please rephrase this. The law permits offerors to revoke their offers despite a promise to leave the offer open for a set period of time.

Please rephrase this. The law permits offerors to revoke their offers despite a promise to leave the offer open for a set period of time. In short, such a promise is enforceable only if the other party has purchased it or otherwise has given the offeror something in return for the commitment.

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