_________________________, referred to herein as Customer offers to buy from _________________________, referred to herein as “Seller”, the following:
Price: $______________________________ plus $ ______________ over a firm offer in writing from a legitimate buyer, unrelated to Owner. The other offer must be attached as Exhibit 1.
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.
The offer made by Buyer is accepted, and the following order entered as is provided in the offer.
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.