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Functionality of Auto extend at Seller Negotiations?

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We are trying to explore the functionality of auto extend at Seller Negotiations. We have tried to click on auto extend checkbox and filled out these 3 values.

  1. Triggering Period in Minutes: 5
  2. Length of extension in Minutes: 10
  3. No. of extension: 2

But we find out that negotiation was not extended automatically. Can someone brief me about this functionality or meaning of above 3 terms?

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