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Simple English definitions for legal terms

chilling the bidding

Read a random definition: writ of quominus

A quick definition of chilling the bidding:

Chilling the bidding means to make people less likely to bid on something. This can happen because of a chilling effect, which means people are scared to bid because of something that happened before. It can also happen when someone tries to stop a sale from happening by making it less appealing to buyers.

A more thorough explanation:

Definition: Chilling the bidding refers to the act of creating a negative impact on the bidding process, which can lead to a decrease in the number of bids or the value of the bids. This can happen due to various reasons, such as lack of transparency, fear of legal action, or uncertainty about the future.

Examples:

  • Chilling effect: A company may decide not to bid on a project due to the fear of legal action or negative consequences. This can create a chilling effect on the bidding process, as other companies may also become hesitant to bid.
  • Chilling a sale: A seller may intentionally create a negative impact on the bidding process to discourage potential buyers from bidding or to lower the value of the bids. For example, a seller may spread rumors about the property being sold, which can create uncertainty and decrease the number of bids.

The above examples illustrate how chilling the bidding can have a negative impact on the bidding process and the value of the bids. It can create a sense of uncertainty and fear among the bidders, which can lead to a decrease in competition and the value of the bids.

chilling effect | Chimel search

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windyMagician
12:38
kinda looks like a peepee
12:38
inventor was a T1 troll- lmfao the description
I did not know there was google patents im gonna look some shit up
12:43
my dad used to make money just coming up with ideas and patenting them
12:43
and then when a company wanted to use the idea they had to buy the patent from him
12:43
or something like that
12:46
smart, also u can comb thru uni papers and do FDA testing on drugs. hit or miss
12:49
gotta be careful, do not want to Martin Shkreli urself tho
@cheriebomb: damn hes an idea guy fr
12:52
u should try this
12:53
when u have an idea you can literally just patent it
12:53
@cheriebomb: got blessed w/ the big brain gene
doesnt it cost money to patent stuff
because i have tons of ideas and not tons of money
13:06
big problem in my family is that everyone is extremely smart but most are either mentally ill or totally lacking in practical life skills
13:07
it definitely costs at least some money
13:15
hi intellect ppl must find it hard living in a dumb world, cant blame em.
13:16
gotta find a patent lawyer who wants to get equity in the deal on sale ;D
Hi intellect people!
13:50
hi
13:53
yea like on a tractor: hi/mid/lo gears dontcha no
this might surprise you
but ive never driven a tractor
13:57
:( never felt the power of a 600hp motor enter the high power band as the turbo pushes dense, cool air thrusting you forward? sad
oh ive felt that
just not on a tractor
13:59
:(
14:00
it must be a sub 160 scorer thing ig.
14:20
I be going to Law School on 0 intellect 100% Gumption brother I’m right there with you but we are gonna be ok
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