MLchartDataset catalogue

Counteroffer

Term · Law · MLC-T-LAW-001354

A response to an offer that changes the terms of the original offer, effectively rejecting it and proposing a new offer. This action terminates the original offer, meaning it can no longer be accepted. The party who made the original offer can then accept, reject, or make a counteroffer to the new proposal.

Table 1. Record
IdentifierMLC-T-LAW-001354
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001354",
  "term": "Counteroffer",
  "field": "Law",
  "definition": "A response to an offer that changes the terms of the original offer, effectively rejecting it and proposing a new offer. This action terminates the original offer, meaning it can no longer be accepted. The party who made the original offer can then accept, reject, or make a counteroffer to the new proposal.",
  "url": "https://mlchart.com/terminology/law/counteroffer/"
}

Record 1,204 of 5,441 in Law terminology (MLC-0107). Request the full dataset.