Vörutilboð

Vörutilboð is an Icelandic term used in commerce to describe a seller’s proposal to sell specific goods under defined terms. It is commonly used in retail, wholesale, and online commerce, and is often disseminated through catalogs, advertisements, price lists, or online product pages. A typical vörutilboð names the goods, quantity, price, delivery terms, payment terms, and any conditions such as validity period or delivery deadlines.

In contract terms, a vörutilboð becomes a binding offer if it clearly sets out essential terms and is communicated to the other party, and if the other party accepts. Acceptance creates a contract under those terms. The offer may be revoked before acceptance unless it has a fixed validity or the offeree has already accepted. Public advertising is usually treated as an invitation to treat rather than an offer, but a sufficiently definite and explicit advertisement can operate as an offer in some cases.

Practical implications include that retailers are generally expected to honor stated terms during the offer window, subject to stock and delivery, and consumers are protected by general consumer law, including rights to return or complain about defective goods and to receive goods within agreed timeframes. In online commerce, the moment of acceptance and the terms displayed during checkout typically govern the contract.

Related concepts include tilboð (offer), kaup (sale), and neytendalög (consumer law).