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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