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: New Mexico Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms Description: A New Mexico Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms is a legal document used in the state of New Mexico when a buyer accepts a counteroffer from a seller but proposes additional terms to the original offer. This document solidifies the agreement between the buyer and seller, ensuring clear communication and mutual understanding. Keywords: New Mexico, Letter and Notice, Buyer Accepting Counteroffer, Acceptance, Additional Terms Types of New Mexico Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms: 1. Real Estate Purchase Agreement with Counteroffer Acceptance: This type of letter and notice is commonly used when the buyer agrees to a counteroffer made by the seller in a real estate transaction. It outlines the buyer's formal acceptance of the counteroffer, while also introducing additional terms, such as financing contingencies, requested repairs, closing dates, or any other modifications that may affect the original offer. 2. Business Sales Contract with Counteroffer Acceptance: In a business sale or acquisition scenario, this variation of the letter and notice serves the purpose of accepting a counteroffer proposed by the seller. It allows the buyer to include additional terms, such as warranties, inventory adjustment, non-compete agreements, or any other stipulations that require clarification and agreement between the buyer and seller. 3. Vehicle Purchase Agreement with Counteroffer Acceptance: When buying or selling a vehicle in New Mexico, this form of letter and notice is employed to accept a counteroffer presented by either party. The buyer may include additional terms, such as any agreed-upon repairs, warranty information, delivery conditions, or modifications to the purchase price, ensuring all aspects are properly documented for both parties' satisfaction. 4. Home Rental Agreement with Counteroffer Acceptance: In rental agreements, if a buyer counteroffers an initial rental offer made by the landlord, this type of letter and notice becomes relevant. It signifies the buyer's acceptance of the counteroffer while including additional terms such as lease duration, pet policies, security deposits, repair responsibilities, or any other terms not originally outlined in the initial offer. In conclusion, a New Mexico Letter and Notice to Buyer Accepting Counteroffer — Acceptance with Additional Terms is a legally binding document used in various scenarios, where a buyer accepts a counteroffer from a seller but proposes additional terms to the original agreement. Four common types of this letter and notice can be found in real estate, business sales, vehicle purchases, and home rentals. These documents ensure clarity and formalize agreements, providing both parties with peace of mind.
