Document background
This document type is essential in commercial negotiations under Nigerian law when an entity needs to formally reject a counter offer received in response to their original offer. The Rejecting Counter Offer document serves as an official record of the decision and helps maintain clear communication channels between parties. It should be used when there is a need to explicitly communicate the rejection of proposed terms while potentially preserving business relationships. The document typically includes references to prior communications, clear rejection statements, and optional elements such as reasoning or openness to future discussions. Under Nigerian contract law, this formal rejection effectively terminates the counter offer and may either end negotiations or pave the way for further discussions, depending on the circumstances and the parties' intentions.
