810 ILCS 5/2A-205

    (810 ILCS 5/2A-205) (from Ch. 26, par. 2A-205)
    (Text of Section before amendment by P.A. 103-1036)
    Sec. 2A-205. Firm offers.

An offer by a merchant to lease goods to or
from another person in a signed writing that by its terms gives assurance
it will be held open is not revocable, for lack of consideration, during
the time stated or, if no time is stated, for a reasonable time, but in no
event may the period of irrevocability exceed 3 months.  Any such term of
assurance on a form supplied by the offeree must be separately signed by
the offeror.

(Source: P.A. 87-493.)

(Text of Section after amendment by P.A. 103-1036)
Sec. 2A-205. Firm offers.

An offer by a merchant to lease goods to or from another person in a signed record that by its terms gives assurance it will be held open is not revocable, for lack of consideration, during the time stated or, if no time is stated, for a reasonable time, but in no event may the period of irrevocability exceed 3 months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.

(Source: P.A. 103-1036, eff. 1-1-25.)