1.7.6 Claim Registration -Sign the Claim Transfer Agreement
Before you proceed with the auction, it's vital to sign a claim transfer agreement. This document attests to your intention to sell your claim at a price that exceeds the reserve price you set when listing your claim for sale. This step is crucial in ensuring the transparency and legality of the process. By signing this agreement, you formalize your commitment to transfer your claim to a buyer, provided that the bid price is greater than your specified reserve price. This protects both your interests and those of potential buyers, ensuring a smooth and fair transaction.
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