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."
Rhode Island Letter and Notice to Seller Accepting Offer But Proposing Additional Terms — Earlier Delivery Date is a legal document used in real estate transactions. When a buyer wants to accept an offer from a seller but also wishes to propose additional terms, such as requesting an earlier delivery date, they can use this letter to communicate their intentions clearly. The purpose of this document is to formally accept the seller's offer to purchase property in Rhode Island, while also proposing a specific change to the agreed-upon terms, namely the delivery date. It is essential to include relevant details such as the address of the property, the buyer's information, and the proposed revised delivery date. By presenting this letter, the buyer aims to enter negotiations with the seller to reach a mutually satisfactory agreement. Different types of Rhode Island Letter and Notice to Seller Accepting Offer But Proposing Additional Terms — Earlier Delivery Date may include variations in terms of proposed changes, such as: 1. Rhode Island Letter and Notice to Seller Accepting Offer But Proposing Alternative Closing Date: This variation could be used when a buyer agrees to accept the seller's offer but wishes to suggest a different closing date. 2. Rhode Island Letter and Notice to Seller Accepting Offer But Proposing Additional Repairs or Renovations: In this case, the buyer accepts the seller's offer but proposes additional terms related to necessary repairs or renovations to be completed before closing the deal. 3. Rhode Island Letter and Notice to Seller Accepting Offer But Proposing Changes in Purchase Price: This type of letter could be utilized when the buyer seeks to accept the seller's offer but proposes changes to the purchase price, either an increase or decrease in the agreed-upon amount. 4. Rhode Island Letter and Notice to Seller Accepting Offer But Proposing Financing Contingencies: Here, the buyer accepts the seller's offer but proposes additional terms regarding financing contingencies, such as securing a mortgage or loan approval before closing the deal. It is important to consult with a real estate attorney or professional when drafting a Rhode Island Letter and Notice to Seller Accepting Offer But Proposing Additional Terms — Earlier Delivery Date or any variation mentioned above.
