Common use of Counter Bidding Clause in Contracts

Counter Bidding. Counter Bidding allows sellers who have placed a Minimum Bid or a Bid To Be Approved (BTBA) on a vehicle to directly Counter Bid the high bidder after the sale ends. Member acknowledges and agrees that regardless of any Counter Bids made by the Seller of the vehicle, Member’s high bid on a Minimum Bid or Bid To Be Approved is an offer that shall remain open to acceptance by the seller until 5pm on the next business day after the sale day.

Counter Bidding. Counter Bidding allows sellers who have placed a Minimum Bid or a Bid To Be Approved (BTBA) on a vehicle to directly Counter Bid the high bidder after the sale ends. Member acknowledges and agrees that regardless of any Counter Bids made by the Seller of the vehicle, Member’s high bid on a Minimum Bid or Bid To Be Approved is an offer that shall remain open to acceptance by the seller until 5pm on the next business day after the sale day.