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 45 contracts

Sources: Online Auction Bidders Agreement, Online Auction Bidders Agreement, 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.

Appears in 35 contracts

Sources: 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 17 contracts

Sources: Real Estate Auction Purchase Contract, Real Estate Auction Purchase Contract, Real Estate Auction Purchase Contract

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

Sources: 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

Sources: 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

Sources: 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.

Appears in 1 contract

Sources: 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

Sources: 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 activity from all registered participants.

Appears in 1 contract

Sources: 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

Sources: Online Auction Bidders Agreement