Terms & Conditions
Terms and Conditions
1. Introduction
Welcome to Open Bid Solutions. By using our website and participating in our farmland tendering process, you agree to abide by the following terms and conditions. Please read them carefully before proceeding.
2. Definitions
- "Seller" refers to the landowner listing a property for tender.
- "Buyer" refers to any individual or entity submitting a bid for a listed property.
- "Tender Process" refers to the sealed bidding system used to facilitate property sales.
- "Winning Bid" refers to the highest or most favorable bid accepted by the seller.
3. Participation in the Tendering Process
- All participants must be at least 18 years old and legally eligible to engage in real estate transactions.
- Buyers must conduct their own due diligence on listed properties before submitting a bid.
- All bids must be submitted before the stated deadline. Late bids will not be considered.
- Sellers reserve the right to accept, reject, or negotiate any bid at their sole discretion.
4. Bid Submission & Acceptance
- Bids must be submitted in the prescribed format and accompanied by any required documentation.
- Once submitted, bids cannot be withdrawn or altered without prior approval.
- The seller is not obligated to accept the highest bid but may consider various factors, including financial terms and closing conditions.
5. No Hidden Fees
- Open Bid Solutions does not charge hidden fees. Any applicable fees will be clearly disclosed before bidding or listing a property.
- Buyers and sellers are responsible for any legal, notary, or transaction-related costs associated with the sale.
6. Transparency & Fair Dealing
- All bids remain confidential until the tender deadline.
- Open Bid Solutions ensures a fair and transparent process but is not responsible for any disputes arising between buyers and sellers.
7. Closing the Sale
- Once a winning bid is accepted, both parties must proceed with the necessary legal and financial steps to complete the transaction.
- Failure to comply with agreed-upon terms may result in legal action or financial penalties.
8. Disclaimer & Limitation of Liability
- Open Bid Solutions acts as a platform facilitating the tendering process and does not guarantee any specific sale outcome.
- We are not liable for misrepresentations made by buyers or sellers, or for any financial losses resulting from participation in the tendering process.
- All property details are provided by the seller, and Open Bid Solutions makes no warranties regarding the accuracy of listings.
9. Modifications to Terms
- Open Bid Solutions reserves the right to update these terms at any time. Any changes will be communicated via our website.
10. Contact Information
For any questions regarding these Terms and Conditions, please contact us at [Your Contact Information].