counter-offer

  

Definition

Offer given in response to an offer. It implies rejection of the original offer and puts the ball back in the court of the original offerer who has three options: to (1) accept it, expressly (by replying) or by implication (by not replying), (2) issue another (counter-counter) offer, or (3) reject it expressly. No binding contract can be created until one party accepts the other's offer. Counter offers come in many guises; a seller's acknowledgment (with estimated delivery dates) of a purchase order may, in fact, constitute a counter-offer.

Use counter-offer in a sentence

  • The counter-offer was better than the original offer and I wondered if they would accept it, or just let it go.

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  • They tried low balling us with their counter-offer, so we sent Korben Dallas in to do some of his trademark negotiating.

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  • If you do not like the first offer someone gave you then you should come back with a strong counter-offer and see if they will accept.

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