Counter Offer Letter Template for England and Wales

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Key Requirements PROMPT example:

Counter Offer Letter

"I need a Counter Offer Letter to respond to a property purchase offer, increasing the asking price by 10% and adding a requirement for completion by March 2025, with the property to be vacant upon completion."

Document background
A Counter Offer Letter is commonly used in various commercial and personal transactions where the recipient of an initial offer wishes to propose alternative terms. The document serves as both a rejection of the original offer and the presentation of a new one. Under English and Welsh law, a counter offer must be clear, unambiguous, and contain all essential terms. The letter typically includes reference to the original offer, detailed specification of the new terms proposed, and any conditions or timeframes for acceptance. It's crucial to note that once a Counter Offer Letter is made, the original offer is legally terminated and cannot be accepted later unless re-offered.
Suggested Sections

1. Date: Current date of the counter offer

2. Recipient Details: Full name and address of the recipient

3. Reference to Original Offer: Clear identification of the original offer being countered

4. Counter Offer Terms: Specific details of the new proposed terms

5. Reasoning: Brief explanation of why counter offer is being made

6. Timeline: Validity period of the counter offer

7. Signature Block: Space for signature and details of sender

Optional Sections

1. Conditional Terms: Any conditions that must be met - use when offer depends on specific conditions being satisfied

2. Supporting Documentation: Reference to any attached documents - use when additional documentation supports the counter offer

3. Legal Disclaimers: Standard legal protections - use in complex or high-value transactions

Suggested Schedules

1. Original Offer Document: Copy of the original offer being countered

2. Supporting Calculations: Detailed calculations if counter offer involves numerical changes

3. Terms and Conditions: Standard terms and conditions if referenced in the counter offer

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Law of Property (Miscellaneous Provisions) Act 1989: Fundamental legislation governing property transactions and formal requirements for contracts, particularly requirements for written form and signatures

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract and their rights under contractual agreements

Employment Rights Act 1996: Core employment legislation that sets out fundamental employment rights if the counter offer relates to employment terms

Equality Act 2010: Legislation ensuring non-discrimination and equal treatment in contractual relationships and employment

Consumer Rights Act 2015: Key legislation governing business-to-consumer contracts and consumer protection if the counter offer involves a consumer transaction

Consumer Contracts Regulations 2013: Regulations providing additional protection for consumers in various types of contracts, including distance selling

UK General Data Protection Regulation (UK GDPR): Post-Brexit data protection legislation governing how personal data must be handled in contractual relationships

Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR to regulate personal data handling

Financial Services and Markets Act 2000: Regulatory framework for financial services contracts and transactions if the counter offer involves financial services

Estate Agents Act 1979: Legislation governing property transactions and estate agency work if the counter offer relates to property matters

Electronic Communications Act 2000: Legislation governing the validity of electronic signatures and electronic communications in contractual matters

National Minimum Wage Act 1998: Legislation ensuring minimum pay requirements are met if the counter offer involves employment terms

Working Time Regulations 1998: Regulations governing working hours, rest periods, and related rights if the counter offer involves employment terms

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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