Counteroffers
/ˈkaʊntərˌɒfərz/
Definitions
- (n.) An offer made in response to an initial offer, proposing different terms for a contract, thereby rejecting the original offer.
The buyer made counteroffers to the seller's initial proposal, seeking better payment terms.
Forms
- counteroffer (singular form)
Related terms
See also
Commentary
Counteroffers serve as rejections of the original offer and must be clearly distinguished to avoid ambiguity in contract negotiations.
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.