Counteroffer
/ˈkaʊntərˌɒfər/
Definitions
- (n.) An offer made in response to an initial offer, proposing different terms and thereby rejecting the original offer.
She rejected his proposal and made a counteroffer with revised payment terms.
Forms
- counteroffers
Related terms
See also
Commentary
A counteroffer legally terminates the original offer; thus, attention should be given to timing and terms to avoid unintended rejections.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.