TERMS AND SERVICES OF SALE
Subject to amendments and modifications announced by the
Auctioneer at the time of the auction, any person participating in
the auction shall be bound by the following terms and conditions
and as stated or otherwise set forth in the brochure.

1. Payment in full must be made before or immediately after the
Conclusion of the auction. All payments shall be made by way of wire
transfer, certified check, bank draft, or a company check
accompanied with a valid bank letter of authorization guaranteeing
irrevocable payment to; Industrial Auction Services, Inc. in the following
format: “Name of Bank hereby guarantees irrevocable payment of
checks payable to Industrial Auction Services, LLC. up to Amount in Words
& Currency for purchases made by our client - name of Client.
This letter is valid for purchases made at the auction of Name of
Auction being held in City, State on Date. Payments
may be made in advance of the auction via wire transfer and any
balance in excess of the balance owing will be refunded after the
Auction.

2. Sales taxes arising on a sale, shall be paid to the Auctioneer at
The time of sale. Purchasers claiming exemptions from taxes shall
provide proof satisfactory to the Auctioneer of their entitlement to
Claim such exemption. In the absence of proof satisfactory to the
Auctioneer, taxes shall be paid by the Purchaser.

3. All Articles will be sold to the highest bidder conforming to the
bid process, provided that the Auctioneer reserves the right to sell
articles by individual, group lots and “in bulk”, as he deems
Appropriate. The Auctioneer reserves the right to sell on behalf of
Third parties, its own account or on the account of others. Should
any dispute arise between two or more bidders or as to any bid, the
lot in question may, at the Auctioneers discretion, be immediately
Put up again and resold. The Auctioneer shall regulate all matters
relating to the conduct of the auction and his decision shall be final
And binding on all bidders. The records kept by the clerk of the
Sale, shall in all cases be accepted by the bidder as final.

4. Auctioneer reserves the right to sell subject to reserve and to bid
for its own account and for the account of others, whether by
Verbal or written proxy, all subject to prior sale.

5. All sales shall be concluded as indicated by the Auctioneer and
No Purchaser may thereafter revoke their bid. Title to the lots
purchased shall not pass until payment in full of the purchase price
Is received.

6. ALL SALES ARE FINAL, ON AN “AS IS WHERE IS”, “IN
PLACE” “WITH ALL FAULTS” BASIS WITH NO
CONDITIONS OR WARRANTIES WHETHER EXPRESSED,
IMPLIED, STATUTORY OR OTHERWISE, INCLUDING
WITHOUT LIMITATION, WARRANTIES OR CONDITIONS
AS TO TITLE, DESCRIPTION, FITNESS FOR PURPOSE,
QUANTITY, QUALITY, MERCHANTABILITY, STATE,
CONDITION, LOCATION OR OTHERWISE. NO SALE SHALL
BE INVALIDATED AND THE AUCTIONEER SHALL HAVE
NO LIABILITY FOR A MISDESCRIPTION OF ANY ARTICLE
OR LOT WHETHER CONTAINED IN A CATALOGUE,
ADVERTISEMENT OR OTHERWISE. DESCRIPTIONS HAVE
BEEN PREPARED FOR GUIDE PURPOSES ONLY AND
SHALL NOT BE RELIED UPON BY THE PURCHASER FOR
ACCURACY OR COMPLETENESS. PLEASE INSPECT ALL
ITEMS BEFORE BIDDING. PURCHASERS SHALL BE
DEEMED TO HAVE RELIED ENTIRELY UPON THEIR OWN
INSPECTIONS AND INVESTIGATIONS.

7. No article shall be removed unless paid for in full and all
articles purchased shall be removed within the guidelines and
Terms stipulated. The Purchaser shall be responsible for all costs of
removal and shall be liable for any damages, including without
limitation, any environmental damage, caused during or as a result
Of the removal. Purchasers shall comply with all environmental
laws and regulations and all requirements established by the
Auctioneer for the removal of articles, including requirements as to
bonding of movers; please refer to the REMOVAL
REQUIREMENTS on inside back cover. No claims shall be
Allowed after removal of the purchased article.

8. Where available, documents of transfer, including motor
vehicle ownership documents, which are in possession of the
Auctioneer, will be provided to the Purchaser following the auction
Or as soon thereafter as such documents are available.

9. If the Auctioneer is unable to deliver an article sold to a
Purchaser due to fire, theft or any other reason whatsoever, the
Auctioneer shall reimburse the Purchaser for all monies paid to the
Auctioneer in respect of the article and the Auctioneer shall have
no further liability to the Purchaser arising from or relating to such
Loss, including without limitation, any damages for loss of profits.

10. The Auctioneer reserves the right to refuse any applicant the
privilege of bidding or attending the auction and may revoke such
Privilege at any time.

11. The Auctioneer assumes no responsibility or any liability once
Title passes, which occurs at time of payment in full. Purchasers are
Advised to prearrange for insurance coverage of their purchase.
Title will revert to seller in the event purchaser does not remove
His purchase by the time specified.

12. Time shall be of the essence. If a Purchaser fails to make
payment or remove goods within the time periods
provided, the Auctioneer may resell the article purchased by
auction, private contract or otherwise, as the Auctioneer in his
discretion deems advisable, and the Purchaser shall be liable for
the shortfall and all costs and expenses, including but not limited to
legal fees, moving and storage costs and commissions incurred in
Such resale, or any other fees as assessed by the Auctioneer.

13. No Purchasers may assign, transfer or dispose of their rights in
any article purchased before they have paid the purchase price in
Full. Notwithstanding, these terms and conditions shall continue to be in
Effect and automatically transferred to any assignee or transferee.
These terms and conditions together with any amendments or
modifications expressly made by the Auctioneer at the time of the
auction constitute all the terms and conditions with respect to the
Sale of articles at this auction. There are no representations,
warranties, terms, conditions undertakings or collateral agreements
Except as provided.

 

REMOVAL REQUIREMENTS
The following are terms & conditions for all Purchasers, their
employees, riggers, contractors and agents who participate in the
Disconnection and/or removal of equipment/articles to abide by.
*All invoices must be paid in full before commencement of
Removal. Check with Industrial Auction Services, Inc. site representative.

1. Purchasers are responsible to remove all articles
Purchased on the purchasers invoice designates that a
proper certificate of insurance is required before any item marked

Can be mechanically removed. Furthermore, properly
authorized rigger release instructions, in writing, are required
before a purchaser/mover/rigger can commence removal of these
Items.

2. PURCHASERS/MOVERS/RIGGERS SHALL BE
RESPONSIBLE FOR PROPER DISCONNECTION AND
TERMINATION OF ALL ELECTRICAL, WATER AND/OR
AIR LINES TO YOUR EQUIPMENT AS STIPULATED BY
SITE REPRESENTATIVE; THE SHEARING OF ANCHOR
BOLTS FLUSH WITH THE FLOOR; LEAVING YOUR WORK
AREA IN A BROOM SWEPT MANNER; THE ERECTING OF
SAFETY BARRIERS AS REQUIRED WHERE PITS OR HOLES
HAVE BEEN CREATED AS A RESULT OF EQUIPMENT
REMOVAL; THE REMOVAL, OFF PREMISES, OF ALL
HAZARDOUS WASTE OR OIL CONTAMINANTS
CONTAINED THEREIN OF PURCHASED ASSETS, IN
CONJUNCTION WITH ALL ENVIRONMENTAL LAWS; ANY
SPECIFIC TERMS OR CONDITIONS INDICATED BY THE
AUCTIONEER AT THE TIME OF SALE.
All Termination of GAS lines will be disconnected and capped by
A licensed gas fitter.
All ELECTRICAL disconnects to be done in accordance with any
Federal, state/provincial or local codes.
NO ARTICLE(S) SHALL LEAVE THE PREMISES UNTIL ALL
THE AFOREMENTIONED HAVE BEEN COMPLETED TO
THE SATISFACTION OF Industrial Auction Services, Inc. SITE
REPRESENTATIVE.
RIGGERS: Quote your customers accordingly; you shall be liable
For all costs in compliance with the above.
Purchasers/Movers/Riggers shall assume all responsibility and
liability for any and all articles “staged” for shipment, before it
 The premises.

3. Purchasers/Movers/Riggers must provide to Industrial Auction Services, LLC.
 a certificate of insurance, adding Industrial Auction Services, Inc. as an
Additional insured, but only with respect to the operations of the
Named Insured (i.e. Purchasers/Movers/Riggers) at the Named
Auction and Named Location, of not less than $2,000,000.00
evidencing statutory workers’ compensation (or state/provincial
clearance certificate if applicable), employers liability insurance,
automotive and comprehensive liability insurance coverage (bodily
Injury and property damage) per person and occurrence.

4. Where available, bridge cranes and/or hoists may only be used
by certified crane operators with insurance and only with the
expressed written permission of crane owner and/or Industrial Auction Services, Inc.

5. Industrial Auction Services, LLC. site representative must examine all
articles being loaded out and check off Purchasers shipping
Invoice.

6. Purchasers/Movers/Riggers shall be held liable for all costs and
Damages or repairs to property as a result of their negligence.

7. Hours of removal are Monday to Friday from 8:00 am to
5:00 PM, unless otherwise specified. Anyone requiring access
beyond our published deadlines is subject to a non-negotiable
per diem rate.

8. No articles shall be removed while auction is in progress.