Template for attorney review before launch. Platform owner must replace or approve this text and confirm applicable livestock, auction, tax, privacy, and payment requirements.
Approval and registration
Only verified, approved bidders with an approved payment method and auction-specific registration may bid.
Conventional bidding
There is no charge for placing individual bids. Server time is official. The platform enforces published increments, proxy maximums, reserves, simultaneous-bid locking, and staggered soft close.
Reserves
If reserve is not met, the seller may accept or reject the highest bid, offer the cattle to the highest bidder at the reserve, or relist, subject to the published terms.
Winning bidder
The highest valid bid wins only when the lot closes and reserve is satisfied or properly resolved. The buyer must complete payment selection and all required payments by the deadline.