Are bids and offers made at Cofundos.org binding?
Yes. All bids and offers you make on Cofundos.org are binding. However, bids can be changed at any time until a project goes to the offer-voting-phase. If the majority of the bidders voted to accept a certain offer the respective offerer is responsible to provide a solution to the project as offered. After successful completion of the project bidders have to donate the amount they were bidding, or a proportionally lower amount in case you were requesting less than the sum of all bids. Although, all bids and offers are binding Cofundos.org will not leagally enforce them. Cofundos.org is a social network and as such it is based on reputation and trust of its members.
