A clasp for securing a first strap with a second strap includes a first clasp portion having a first frame member and a first set of magnets movable from a first to a second position, the first clasp portion adapted to be attached with the first strap; and a second clasp portion adapted to selectively connect with the first clasp portion, the second frame clasp portion having second frame member and a second set of magnets positioned in a fixed location within the second clasp portion, the second set of magnets positioned adjacent the first set of magnets when the second clasp portion is connected with the first clasp portion, the second clasp portion adapted to be attached with the second strap. The first and second set of magnets create an attractive magnetic force therebetween in the first position and a repulsive magnetic force therebetween in the second position.