In reality, a counteroffer is a new offer.
A counteroffer serves as both a fresh offer that fundamentally modifies the conditions of the previous offer and a rejection of an offer to enter into a contract.
An acceptance of a counteroffer renders the initial offer wholly worthless because it acts as a rejection. As a result, the original offer cannot be accepted.
The original offeror has three alternatives after receiving the counteroffer: accept it, reject it, or submit a new offer.
Many different commercial talks, deals, contracts, and private and public deals involving two people or two entities sometimes involve counteroffers.
They may be encountered in transactions involving real estate, employment, purchasing or selling a vehicle, private placements, buyouts, integrations, etc.
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