My most influential class this term has to be Business Law. Not only is the lecture engaging, but the lecture materials are so useful! Our topic for this week pertains to contracts, offers and agreements. Did you know that an offeree may reject by stating unwillingness to accept, providing a counteroffer?
I know, this is all legal verbage so let me explain. So let's say I was job offered by Proctor and Gamble as the regional HR Director at a salary of $200,000 per year. And since I am an MBA grad, I am expecting at least $300,000 per year. (hey, it's my blog right??) I call the HR representative and counter offer for $300,000 per year. By doing so, I am rejecting my initial offer of $200,000, while I assumed I was going back in to negotiate. And therefore, Procter and Gamble can terminate the initial offering of $200,000 per year and move on to the next candidate. Now most companies do not act upon this legality, but they have every legal right to do so.
You're probably wondering the correct verbage in order to negotiate without automatically terminating your initial offer... well you'll just have to take Professor Gia Weisdorn's class and find out. ^^
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