Our agent said that it doesn't matter if a binder is in place, because other offers can still be made and accepted during this time. An offer is a proposal from one party to another intending to create a legal obligation upon acceptance.Not under the law of England and Wales. A contract requires offer, acceptance, consideration and an intention to be legally bound. Explore the essentials of acceptance in contract law, including types, legal implications, and FAQs, to navigate agreements confidently. A unilateral contract requires no acceptance. The offeree merely performs to make the offer enforceable. It doesn't make it void, but it means that you have basically just made an offer to the other party under the terms stated in the contract.