Under what specific circumstances might the original offer be revived after a counter offer has been rejected?
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what is a counter offer in contract law Informational
- Once a counter offer is validly accepted, is it too late for the offeror of the counter offer to withdraw it?
- Are there specific provisions in the UCC that address counter offers in service contracts (which are generally governed by common law)?
- Can a contract be deemed unenforceable if the terms agreed upon in the counter offer are grossly unfair or oppressive?
- Do statutes of frauds requirements extend to counter offers? If a counter offer is silent on certain terms that were included in the original offer, are those terms assumed to be part of the counter offer?
- How about if the buyer asks if the seller would consider $9,500? In real estate transactions, what types of changes typically constitute a counter offer?
- How can parties ensure clarity and avoid misunderstandings in electronic communications that could lead to disputes about contract formation?
- How are severance clauses typically drafted and interpreted? What are the legal implications of a counter offer that seeks to establish intellectual property ownership rights for creations or inventions that might arise during the course of the contractual relationship?
- How does the consideration requirement affect the ability of parties to modify existing contracts through counter offers? How do statutes of frauds affect contracts formed through counter offers?
- Is acceptance effective upon dispatch by the offeree, or only upon receipt by the offeror of the counter offer?
- Are there any specific rules governing electronic acceptances of counter offers? How does the Vienna Convention on the International Sale of Goods (CISG) address the issue of counter offers in international commercial transactions between parties in signatory countries?
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