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.
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