In the MultiBID system, sellers retain the choice to accept or decline any bid and hold the legal authority to approve or reject the highest bid. All bids placed carry legal obligations for the bidders. If the highest bidder and the seller fail to finalize the necessary paperwork within the designated hold period, the seller may request MultiBID to connect them with the next highest bidder to ensure the completion of the transaction. Additionally, in certain cases, offers may be evaluated and potentially accepted before the commencement of the MultiBID process, at the discretion of the seller.
