A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. It is a new offer made in response to an offer received. It has the effect of rejecting the original offer, which cannot be accepted thereafter unless revived by the offeror. However, with regard to sales of goods, Article 2-207 of the Uniform Commercial Code provides: "A definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though it states terms additional to or different from those offered or agreed upon, unless acceptance is expressly made conditional on assent to the additional or different terms."
Title: Massachusetts Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms Keywords: Massachusetts, letter, notice, buyer, accepting counteroffer, acceptance, additional terms Description: A Massachusetts Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms is a legal document used in real estate transactions within the state of Massachusetts. This document is crucial when a buyer wishes to accept a counteroffer proposed by the seller but wants to include additional terms or conditions to the original offer. Types of Massachusetts Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms: 1. Offer Acceptance with Buyer-Specific Conditions: This type of acceptance letter is used when the buyer agrees to the seller's counteroffer but wants to include buyer-specific conditions and terms in addition to those outlined in the original offer. These buyer-specific conditions can encompass various aspects such as financing arrangements, inspection requirements, or any other terms agreed upon between the parties involved. 2. Offer Acceptance with Contingencies: This type of acceptance letter is utilized when the buyer accepts the seller's counteroffer while including additional contingency clauses or conditions. Common contingencies may include home appraisal results, securing financing, or satisfactory completion of specific repairs or renovations by the seller. 3. Offer Acceptance with Amended Terms: In situations where the buyer agrees to the seller's counteroffer but wishes to modify certain terms previously stated in the initial offer, this type of acceptance letter is employed. The buyer may propose changes to aspects like the purchase price, closing date, or any other terms initially offered by the seller. 4. Offer Acceptance with Seller's Additional Terms: This type of acceptance letter is used when the buyer accepts the counteroffer while acknowledging and agreeing to additional terms proposed by the seller. These additional terms could encompass various aspects such as specific contingencies, repairs to be undertaken before closing, or any other agreements reached during the negotiation process. In any of the above scenarios, the Massachusetts Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms is a crucial document to ensure proper communication of the buyer's intention to accept the seller's counteroffer while setting forth additional terms or conditions to be incorporated into the final agreement. Remember, it is always advisable to consult with a qualified real estate attorney or expert when dealing with legal documents to ensure compliance with Massachusetts state laws and regulations.
