Common use of Soft Close Clause in Contracts

Soft Close. If a bid is received within the last 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 37 contracts

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

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Soft Close. If a bid is received within the last 2 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 29 contracts

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

Soft Close. If a bid is received within the last 2 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 17 contracts

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

Soft Close. If a bid is received within the last 2 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 2 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 2 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

Soft Close. If a bid is received within the last 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

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Soft Close. If a bid is received within the last 2 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 2 5 minutes of the auction, the auction close time will automatically extend 2 5 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: 083d840ddfd5c6063e01-d068e497715423d630add53cb355c226.ssl.cf5.rackcdn.com

Soft Close. If a bid is received within the last 2 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

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