Common use of Soft Close Clause in Contracts

Soft Close. If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

Appears in 27 contracts

Samples: Contract of Purchase, Contract of Purchase, Contract of Purchase

AutoNDA by SimpleDocs

Soft Close. If a bid is received within the last 3 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

Appears in 26 contracts

Samples: Contract of Purchase, Contract of Purchase, Contract of Purchase

Soft Close. If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 3 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

Appears in 16 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

Soft Close. If a bid is received within the last 3 two (2) minutes of the auction, the auction close time will automatically extend 2 two (2) minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

Appears in 5 contracts

Samples: Online Auction Bidders Agreement, Online Auction Bidders Agreement, Online Auction Bidders Agreement

Soft Close. If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

Appears in 1 contract

Samples: Online Auction Bidders Agreement

Soft Close. If a bid is received within the last 3 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

Appears in 1 contract

Samples: Online Auction Bidders Agreement

AutoNDA by SimpleDocs

Soft Close. If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 3 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding activity from all registered participants.

Appears in 1 contract

Samples: Online Auction Bidders Agreement

Soft Close. If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 3 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "" snipers" and encourages fair and impartial bidding from all participants.

Appears in 1 contract

Samples: Online Auction Bidders Agreement

Soft Close. If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants. Offerings will extend and close simultaneously.

Appears in 1 contract

Samples: Online Auction Bidders Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.