Business Agreements

Jump Bid

Vicky Randolph Vicky Randolph
How To Use

This review list is provided to inform you about this document in question and assist you in its preparation. A Jump Bid document is often used to obtain a one of a kind product such as an antique car, land, a house, or similar such object. It is a useful approach for the buyer if accepted in whole or even if you receive a counter bid in return. It is also helpful for the seller’s agent because they have all terms in writing and can use it to boost other offers made to them.

  1. Make multiple copies. Give one to the signatory and another for the potential seller.

Jump Bid

____________________________, referred to herein as Customer offers to buy from ____________________________, referred to herein as “Seller”, the following:

Item: _________________
Price: $________ plus $ ________ over a firm offer in writing from a legitimate buyer, unrelated to Owner. The other offer must be attached as Exhibit 1.

Terms: ________________

This is a firm offer under Section 2-205 of the Uniform Commercial Code and will remain open for 30 days from date of making except that Buyer reserves the right to reject the final price agreed upon by Owner’s other customer, with or without cause.

_____________________
Date

By:

_____________________
Buyer

The offer made by Buyer is accepted, and the following order entered as is provided in the offer.

_____________________
Date

_____________________
Owner