Suppose that Jack, Sophia, and Hal enter into a contract to close on the business without the non-competition agreement. Jack states that he would probably sign the non-competition agreement if they included an extra $100,000. A month later, Hal and Sophia bring Jack $100,000. What is the result? If Jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause. If Jack does not accept the $100,000, he may not sell the frozen food, but only for a reasonable amount of time. Jack cannot change his mind, since he stated that he would probably accept $100,000 additional for the non-competition agreement. If Jack does not accept the $100,000, there is no valid contract for the sale of the business or for the non-competition agreement. Suppose at the end of the meeting, Jack makes an offer regarding the restaurant buyout, which includes the non-competition agreement. Prior to Hal and Sophia agreeing to the offer however, Jack changes his mind. Can he do so? No, unless the offer states that it is revocable. Yes, and there is no need to actually communicate the revocation to Hal and Sophia (or their agent) prior to acceptance. Yes, as long as he actually communicates the revocation to Hal and Sophia (or their agent) prior to acceptance. No, once an offer is made, it can never be revoked.