We are commonly presented with employees who have been given the ubiquitous "lowball offer" which is so beloved by certain employers and their legal counsel. For more on lowball offers see our article: (htps://www.flodenward.com/post/wrongful-dismissal-in-alberta-the-art-of-the-lowball-offer). So what does an offer mean? What does a counteroffer do?
Offers
An offer has the potential to become a binding contract. It needs to be communicated, there has to be acceptance, something of value must flow for the contract to be binding, There have to be clear terms and a few other elements which are beyond the scope of this article, but an offer has the potential to graduate to being a full fledged contract.
Counteroffers
A counteroffer, which can be a good negotiating technique, has the legal effect of killing the original offer. Practically some parties may bring the original offer back; others may not, so you should be alive to what happens when you make a counter offer.
If you have been wrongfully dismissed and been presented with an offer, please feel free to contact us to determine which course of action you should take.
The information contained in this article is not legal advice. No solicitor client relationship is formed through this article. The reader is encouraged to retain counsel for advice in these matters.
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