Unless it is expressly specified that an offer to buy or sell goods must be accepted just as made, the offeree may accept an offer and at the same time propose an additional term. This is contrary to general contract law. Under general contract law, the proposed additional term would be considered a counteroffer and the original offered would be rejected. Under Article 2 of the Uniform Commercial Code, the new term does not reject the original offer. A contract arises on the terms of the original offer, and the new term is a counteroffer. The new term does not become binding until accepted by the original offeror. If, however, the offer states that it must be accepted exactly as made, the ordinary contract law rules apply.
In a transaction between merchants, the additional term becomes part of the contract if that term does not materially alter the offer and no objection is made to it. However, if such an additional term from the seller operates solely to the sellers advantage, it is a material term and must be accepted by the buyer to be effective.
An Indiana Notice to Seller of Acceptance of Offer by Proposing Additional Terms is a legal document that serves to communicate the buyer's acceptance of an offer while proposing additional terms to the seller. This notice is typically used in real estate transactions in Indiana and is an important step in the negotiation process. When a buyer receives an offer from a seller, they may choose to accept the offer but with certain modifications or additional terms. In such cases, the buyer can send an Indiana Notice to Seller of Acceptance of Offer by Proposing Additional Terms to inform the seller of their acceptance and present the proposed changes. This notice protects the buyer's interests by clearly stating their intent to enter into a contract while also expressing their desire for specific terms or conditions. The content of an Indiana Notice to Seller of Acceptance of Offer by Proposing Additional Terms should be concise, clear, and include all relevant details. The document typically begins with the identification of the buyer and seller involved in the transaction, followed by a statement of acceptance of the original offer. The buyer should then outline the proposed additional terms or modifications they wish to include. Keywords: Indiana, Notice, Seller, Acceptance, Offer, Proposing Additional Terms, Real Estate, Transaction, Negotiation, Modifications, Conditions, Contract, Intent, Terms, Document, Identification, Original Offer, Modifications.
