Terms & Conditions
View our Terms and Conditions:
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 requi |
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