counteroffer

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Rejection of an offer to buy or sell with a simultaneous substitute offer. For example, a property is put on the market.
An investor offers $75,000 in cash. The owner rejects the offer but submits a counteroffer to sell for $80,000. Offers and counteroffers may be negotiated on factors other than price, such as financing arrangements, apportionment of closing costs, and inclusion of personal property.

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Rejection of an offer to buy or sell, with a simultaneous substitute offer.


Example: A property is put on the market. An investor offers $750,000 in cash. The owner rejects the offer but submits a counteroffer to sell for $800,000. Offers and counteroffers may be negotiated on factors other than price, e.g., financing arrangements, apportionment of closing costs , inclusion of personal property.

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This entry contains information applicable to United States law only.

In contract law, a proposal made in response to an original offer modifying its terms, but which has the legal effect of rejecting it.

A counteroffer normally terminates the original offer; however, the original offer remains open for acceptance if the counteroffer expressly provides that the counteroffer shall not constitute a rejection of the offer.

The Uniform Commercial Code (UCC) — a body of law adopted by the states that governs commercial transactions — modifies this principle of contract law with respect to the sale of goods by providing that the "additional terms are to be construed as proposals for addition to the contract."

A type of offer made in response to another offer, which was seen as unacceptable. A counteroffer revises the initial offer, making it more appealing for the person making the new offer. Responding with a counteroffer allows a person to decline on a previous offer, while allowing negotiations to continue.

Investopedia Says:
When a person makes a counteroffer,  he or she is rejecting the previous offer and rendering it void. Because the original offer is now void, the person who made that offer is no longer legally responsible for honoring it. For example, let's say you are selling a vehicle. A buyer arrives and offers you $10,000 for the car. In an attempt to get a higher price, you counteroffer, asking for $11,000. If the buyer declines, you cannot force them to buy the car at $10,000, even though they have already offered at that price.

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Dansk (Danish)
n. - tilbud til gengæld, modtilbud, modforslag

Nederlands (Dutch)
tegenbod

Français (French)
n. - contre-proposition

Deutsch (German)
n. - Gegenangebot

Ελληνική (Greek)
n. - αντιπροσφορά, αντιπρόταση

Italiano (Italian)
controfferta

Português (Portuguese)
n. - contra-oferta (f)

Русский (Russian)
встречное предложение

Español (Spanish)
n. - contraoferta

Svenska (Swedish)
n. - motförslag

中文（简体）(Chinese (Simplified))
反提议, 还价, 还盘

中文（繁體）(Chinese (Traditional))
n. - 反提議, 還價, 還盤

한국어 (Korean)
n. - 반대 제안, 수정대안

日本語 (Japanese)
n. - 代案

العربيه (Arabic)
‏(الاسم) عرض مقابل‏

עברית (Hebrew)
n. - ‮הצעה נגדית, הצעה מתוקנת‬

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