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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, but 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."


noun casus foederis, contractual terms, counterbid, counterclause, counterconditions, counterlimitation, countermeasure, counterplan, counterproposal, counterproposition, counterqualification, counterrecommendation, counterreservation, counterstipulation, hard bargaining, negotiation, new offer, part of the bargain, responsive offer, set of terms, terms proposed
References in periodicals archive ?
para]]- More than three-fourths (78 percent) of CFOs don't extend counteroffers to keep staff from leaving.
Second, if you accept the counteroffer, the fact that you considered leaving the company could mean your loyalty could be called into question.
Where the different or additional term in a response to an offer is a "dickered" term--a negotiated term or a term to which parties typically pay attention such as price, subject matter, or quantity--it is a counteroffer under the historic common law matching acceptance rule to which section 2-207 has no application.
With multistage bargaining, we aim to represent real-life bargaining which is typically characterized by a series of offers and counteroffers and step-by-step bilateral convergence.
Dell is expected to soon detail counteroffers to the one made by Michael Dell and Silver Lake, which was announced on February 5.
The counteroffer "raised expectations that budget talks would be concluded within 2012," said Minori Uchida, head of global market research at Bank of Tokyo-Mitsubishi UFJ.
It claimed that the video provider's withdrawal of the counteroffer constituted bad faith, and asked the commission to require that the video provider carry the broadcast station on terms that the provider had previously proposed.
Summary: Although some are concerned it will impact salary structure, counteroffers have rising this past six months as staff retention finally becomes a key priority.
Your counteroffer creates an unnatural change of compensation that was forced by you when you resign.
The seller's broker responded by email with a counteroffer for $52 million and a 30-day diligence period during which the prospective purchaser would have a right of first refusal on any higher offer.
3 billion counteroffer for the parent of the New York Stock Exchange.
ONGC has acted in a responsible manner when it did not put in a counteroffer," he added.