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Counter Offer Acceptance Letter Template for South Africa

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Key Requirements PROMPT example:

Counter Offer Acceptance Letter

"I need a Counter Offer Acceptance Letter for a commercial property purchase, accepting the counter offer received on January 15, 2025, with the modified purchase price of R5.2 million and revised closing date of March 31, 2025."

Document background
The Counter Offer Acceptance Letter is a critical document in South African business negotiations and contract formation. It is used when one party has received a counter offer to their original proposal and wishes to formally accept the modified terms. This document plays a vital role in creating legal certainty and documenting the final agreed terms between parties. Under South African law, which combines Roman-Dutch common law principles with modern commercial legislation, this letter serves as conclusive evidence of acceptance and helps establish the exact terms of the final agreement. The document is particularly important as it marks the end of the negotiation phase and the beginning of a binding contract, provided all other requirements for valid contract formation are met. It should clearly reference all relevant previous communications, including the original offer and counter offer, and explicitly state acceptance of the counter-offered terms.
Suggested Sections

1. Letterhead and Date: Company letterhead (if applicable) and current date

2. Recipient Details: Full name, title, and address of the counter-offering party

3. Reference Line: Clear reference to the original offer and counter offer, including relevant dates and reference numbers

4. Subject Line: Clear indication that this is an acceptance of counter offer

5. Opening Statement: Formal acknowledgment of receipt of the counter offer and clear statement of acceptance

6. Counter Offer Terms Confirmation: Brief but precise restatement of the key terms being accepted from the counter offer

7. Next Steps: Clear indication of what happens next in the process

8. Closing: Professional closing statement with full name, title, and signature block

Optional Sections

1. Conditions Precedent: Include if acceptance is subject to any conditions that must be met before the agreement becomes effective

2. Timeline Specification: Include if specific deadlines or timelines need to be highlighted or agreed upon

3. Payment Terms Reference: Include if the counter offer involved changes to payment terms that need to be specifically acknowledged

4. Legal Authority Statement: Include if signing on behalf of a company to confirm authority to accept the counter offer

Suggested Schedules

1. Original Offer Summary: Summary of key terms from the original offer for reference

2. Counter Offer Summary: Summary of key terms from the counter offer being accepted

3. Changed Terms Table: Comparative table showing original terms versus counter offered terms being accepted

4. Supporting Documentation: Any relevant supporting documents referenced in the acceptance letter

Authors

Alex Denne

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

Relevant legal definitions




















Clauses














Relevant Industries

Real Estate

Manufacturing

Professional Services

Construction

Retail

Technology

Financial Services

Healthcare

Education

Telecommunications

Mining

Agriculture

Transportation

Energy

Hospitality

Relevant Teams

Legal

Procurement

Sales

Business Development

Operations

Finance

Commercial

Compliance

Supply Chain

Contract Administration

Risk Management

Relevant Roles

Procurement Manager

Contract Manager

Legal Counsel

Business Development Manager

Sales Director

Commercial Manager

Chief Financial Officer

Operations Manager

Project Manager

Company Secretary

Managing Director

Supply Chain Manager

Account Executive

General Counsel

Compliance Officer

Industries






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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