If a counter offer is made shortly before the original offer expires, is the offeror still bound by the original terms if the counter offer is rejected?
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what is a counter offer in contract law Informational
- What are the ethical obligations of parties during contract negotiations? How does the use of standard form contracts affect the ability to make counter offers?
- If a party is pressured into making or accepting a counter offer, can the resulting contract be voided?
- Are there any specific legal tests used to distinguish minor inquiries from substantive changes? If an offeror indicates that they are only willing to accept the exact terms of their original offer, how does this affect the offeree's ability to make a counter offer?
- What factors do courts consider in determining whether the parties intended to be bound by their communications? How does the doctrine of unconscionability apply to contracts formed through counter offers?
- What types of records should parties maintain to protect their interests in case of a dispute?
- What are the potential risks of relying on industry standards? How does the legal concept of "force majeure" (superior force) relate to contracts formed through counter offers?
- Or could it be interpreted as a rejection and a new offer altogether?
- Are there specific considerations that apply to counter offers that modify the scope or terms of an IP license or assignment?
- If a party makes a typographical error or miscalculates a figure in their counter offer, is the resulting contract still valid?
- How does the principle of privity of contract apply in such situations? How does the law address situations where there is ambiguity or uncertainty about whether a communication constitutes an offer, a counter offer, or a mere invitation to treat?
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