

Must a counter offer be supported by new or additional consideration to be valid?
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what is a counter offer in contract law Informational
- How does the concept of compromise affect the binding nature of settlement terms reached through negotiation?
- Could errors or unintended changes made by an AI system lead to the formation of unintended contracts?
- Can a party sue for specific performance if the other party fails to honor the terms of the counter offer?
- Are government contracts subject to the same principles of offer, acceptance, and counter offer as private contracts? How does the concept of "duty to read" affect the enforceability of a contract formed through a counter offer, particularly if one party claims they did not understand or agree to certain terms?
- What are the advantages and disadvantages of using ADR in such cases? What are the key takeaways and best practices for understanding and navigating the legal aspects of counter offers in contract law?
- What actions might constitute acceptance by performance of a counter offer?
- Are there any significant variations in the legal principles governing counter offers across different legal systems?
- Are there any exceptions to the parol evidence rule that might apply in such cases? What is the legal significance of the language used in a response to an offer in determining whether it is a counter offer?
- What are some best practices for drafting a clear and unambiguous counter offer?
- What about requesting different benefits or responsibilities? How does the Uniform Commercial Code (UCC) address counter offers in the sale of goods?
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