“I’ve extended offers with a time limit. I suppose the negotiation ends at that time, correct?”
Yup. If you put a qualification on an offer or a demand that offer or demand automatically ceases when the qualification is reached.
Also, a counter-offer is a rejection of the previous move by the other side. Say, for instance, a party offers X to settle a case, and the other party responds with Y. X is automatically rejected.
Wow. Let me ask you about this real scenario that took place over a period of months.
I put an offer on the table.
The other party put a counter offer on the table. I turned it down but said my offer stands.
After three rounds of this, I took my offer off the table and put a reduced offer on the table with a deadline (I was in the more powerful position).
They accepted it.
Was that a full negotiation? Several negotiations?
It worked, but now I’m wondering about the legal definition of the process.