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."
The Oregon Letter with Conditional Acceptance of Property Specifying Place of Performance is a legal document used in the state of Oregon. It outlines the terms and conditions for accepting a property transaction while specifying the place of performance. This letter serves as a negotiation tool between the buyer and seller, allowing the buyer to conditionally accept the property transaction subject to certain conditions being met. It provides a platform for both parties to come to a mutual agreement on the terms of the transaction, including the place of performance. Using this letter, the buyer can specify the place where the property transaction will be completed, which might be different from the physical location of the property itself. This can occur due to various reasons, such as convenience or the need for a neutral location. In Oregon, there are different types of Oregon Letters with Conditional Acceptance of Property Specifying Place of Performance, each serving specific purposes. These may include: 1. Residential Property Conditional Acceptance Letter: This type of letter is used in transactions involving residential properties. It allows buyers to outline their terms and conditions before accepting the property, including their preferred place of performance. 2. Commercial Property Conditional Acceptance Letter: When dealing with commercial properties, this letter is used to specify the terms, conditions, and place of performance within a commercial real estate transaction. It allows buyers to negotiate the terms of the transaction and ensures that both parties are on the same page. 3. Land Conditional Acceptance Letter: In cases where vacant land is being transacted, a land conditional acceptance letter can be used. This type of letter enables the buyer to outline their terms, conditions, and specify the place of performance for the land transaction. By utilizing the Oregon Letter with Conditional Acceptance of Property Specifying Place of Performance, buyers and sellers can effectively negotiate and agree upon the terms of their property transactions. This legal document ensures clarity and transparency throughout the process, promoting a successful and mutually beneficial transaction.
