Under the Uniform Commercial Code (UCC) Sec. 2-207(1), A definite expression of acceptance or a written confirmation of an informal agreement may constitute a valid acceptance even if it states terms additional to or different from the offer or informal agreement. The additional or different terms are treated as proposals for addition into the contract under UCC Sec. 2-207(2). Between merchants, such terms become part of the contract unless: a)the offer expressly limits acceptance to the terms of the offer, b)material alteration of the contract results, c)notification of objection to the additional/different terms are given in a reasonable time after notice of them is received.
Oregon Counter Offer Letter Regarding Sale of Property is a legal document used in the real estate industry when responding to an initial offer made by a potential buyer for a property located in Oregon. This letter serves as a negotiation tool, allowing sellers to present alternative terms and conditions to the buyer's original proposal. In an Oregon Counter Offer Letter Regarding Sale of Property, several key elements must be included to ensure clarity and legal compliance. First, it should clearly state the parties involved, including the names and contact information of both the buyer and seller. Additionally, it should specify the address and legal description of the property being sold. The letter should detail the buyer's original offer, including the proposed purchase price, earnest money deposit, and requested contingencies, such as property inspections or financing conditions. The seller may choose to accept, decline, or counter the offer by presenting alternative terms in response. If the seller decides to counter the offer, the letter should clearly outline the revised terms and conditions. These may include changes to the purchase price, earnest money deposit amount, or contingencies requested by the buyer. Additionally, sellers may choose to specify any desired closing or possession dates, repair requests, or adjustment of personal property, fixtures, or appliances to be included in the sale. Types of Oregon Counter Offer Letters Regarding Sale of Property may vary depending on the specific negotiations involved. Common types include: 1. Counter Offer with Price Adjustment: When the seller agrees with most terms of the original offer but proposes a different purchase price. 2. Counter Offer with Contingency Modifications: When the seller modifies the requested contingencies, such as shortening the timeline for property inspections or removing certain financing conditions. 3. Counter Offer with Repair Requests: When the seller addresses property inspection findings by proposing repairs or credits to be made before the closing. 4. Counter Offer with Personal Property Adjustments: When the seller wishes to exclude or include specific personal property items, fixtures, or appliances in the sale. 5. Counter Offer with Closing or Possession Date Modifications: When the seller proposes changes to the closing or possession dates specified in the buyer's original offer. It is crucial for both parties to carefully review and consider the terms presented in the Oregon Counter Offer Letter Regarding Sale of Property. It's recommended that sellers consult with a real estate agent or attorney to ensure the document fully reflects their intentions and protects their rights throughout the negotiation process.
