Repeat Offer

Repeat Offer refers to a situation where, after completing a transaction, the seller, at the buyer's request or on its own initiative, makes another offer to the same buyer on the same or substantially the same terms as the previous transaction. It is usually used when the buyer wishes to place an additional order for the same goods. Use cases include: repeat orders from old customers, replenishment of seasonal goods, and repeat orders under long-term supply agreements. Notes: A repeat offer does not automatically constitute a contract; it still requires the buyer's acceptance. If market conditions change (e.g., raw material price increases), the seller may adjust the price or quantity in the repeat offer, but this must be clearly stated. The validity period of a repeat offer should be redefined and cannot simply follow the validity period of the original offer. Difference from 'Renew Offer': A repeat offer emphasizes identical terms, while a renew offer may modify terms. Difference from 'Counter Offer': A counter offer rejects the original offer and proposes new terms, whereas a repeat offer reuses the terms of the original offer. Foreign trade practitioners should distinguish these accurately to avoid legal disputes caused by confusion.