BIDDER TERMS & CONDITIONS: BIDDING: Bidding on an item will be considered sufficient evidence that a bidder accepts all conditions set forth in these BIDDER TERMS & CONDITIONS, and any conditions outlined on the day of the sale. The Auctioneer has the authority to accept or reject any and all bids. The Auctioneer determines who the high bidder is. In the event of a “tie-bid”, the Auctioneer may re-open the item between the tie bidders. The Auctioneer’s decisions are final. BUYER’S PREMIUM: A Buyer’s Premium of 10% will be charged on the total bid. EXAMPLE: If you intend to spend no more than $100.00 on an item, bid to $90.00. A 10% Buyer’s Premium of $9.00 will then be added to the $90.00, bringing your total to $99.00. You will save $1.00. SALES TAX: Florida Sales Tax (State and Local) will be collected on all sales made and delivered within the state of Florida. The Florida Department of Revenue’s Rules require that Sales Tax be charged on the total invoice price including Buyer’s Premium. The buyer is responsible for all out of state sales tax due on items shipped. Buyers purchasing items for Resale must provide a current Resale Certificate prior to each Auction. Tax Exempt Bidders must provide a current Tax Exempt Certificate prior to each Auction. MERCHANDISE: All items are sold “As-is, Where-is” with no warranty express or implied, unless otherwise stipulated. We do our best in describing items. Time will be made available prior to each Auction for a preview of the items to be sold. It is the buyer’s responsibility to carefully inspect the items prior to the Auction. Some items offered for sale are used and may contain defects not immediately detectable. Bidders are encouraged to inspect the property prior to bidding. Bidders must adhere to the preview and inspection dates and times posted. All sales are final. BIDDERS accept any and all liability and will hold Global Auction Services and/or Aaron Joseph & Company, LLC and the Okaloosa County Florida Purchasing Department harmless for injuries sustained by BUYER or Agents, Employees, or Contractors, or any person acting on behalf of or in conjunction with the BUYER, during the preview and inspection of items being sold. STANDARD BID INCREMENTS: All biding, including absentee, online, and phone bidding, will follow the established standard bid increments outlined below. All attempts will be made to strictly follow the Standard Bid Increments. However, the auctioneer reserves the right to deviate from the Standard Bid Increment, as necessary. If the Bid amount is: The Standard Bid Increment is: If the Bid amount is: The Standard Bid Increment is: $0 - $10 $1 or $5 $10 - $50 $5 $50 - $100 $10 $100 - $500 $25 $500 - $1,000 $50 $1,000 - $2,000 $100 $2,000 - $5,000 $250 $5,000 - $10,000 $500 $10,000 - $20,000 $1,000 $20,000 - $50,000 $2,500 $50,000 - $100,000 $5,000 $100,000+ $10,000 CUT BIDS: The Auctioneer may accept or reject a Cut Bid at their sole discretion. There will be at the most, one Cut Bid accepted per item. A Cut Bid will drop the Bid Increment to the next lower Standard Bid Increment; but will never be lower than half of the Bid being sought. Bidding will continue at the new lower Bid Increment, with increases in the Bid Increment at one rung lower than the Standard Bid Increment. The Auctioneer will not accept “Quarter” Cut Bids. EXAMPLE 1: If the current bid is at $70, following the Standard Bid Increments, the bid being sought would be $80. A Cut Bid would place the Bid at $75, and bidding would continue at $5 increments until the bid reaches $100. Upon reaching $100, the Bid Increment would increase to $10, until the $500 mark is reached. At $500, the Bid increment would increase to $25, and so forth. EXAMPLE 2: If the current bid is $125, following the Standard Bid Increments, the Bid being sought would be $150. Since half of the $25 increase in the bid would place the new bid at $137.50, and since the next lower Standard Bid Increment is $10, a Cut Bid would place the Bid at $140, and bidding would continue in $10 increments. DESCRIPTIONS AND PHOTOGRAPHS: Item descriptions or photographs are not to be used in lieu of a personal inspection of an item. ALL SALES ARE FINAL! PAYMENT: Payment is expected immediately following the Auction, on the day of the Auction. Acceptable forms of payment will be: Cash, Visa, MasterCard, Discover, American Express or wire transfer. Company Checks will only be accepted with prior approval, and a bank letter guaranteeing the funds. ALL items invoiced to a bidder must be paid for prior to the bidder removing ANY of the items. Check clearance verification, typically 10 business days must occur prior to removing ANY items if paid by check. A $15.00 wire transfer fee will be assessed to all wire transfers. If paying by wire transfer please contact us following the auction for instructions. REGISTRATION: Registration is required in order to bid at any Global Auction Services Auction. This registration includes your name, address, phone number, email address, state issued Identification or Driver’s License, and signature. Since the act of bidding at an Auction creates a binding contract, the giving of false registration information may constitute an act of fraud. By registering to bid you agree to be added to our email list. You have the option to opt-out after you receive the first email. ITEM PICKUP: All items are to be picked up by the buyer on the date(s) and time(s) agreed to with Global Auction Services, after full payment of the invoice and verification of funds. No party, other than Global Auction Services is authorized to release any item sold at this auction. REMOVAL OF LOTS FROM A SALE: Global Auction Services will make all reasonable efforts to have all items advertised, available for sale. However, there may come an occasion that an item must be removed from the sale. Global Auction Services, and/or its parent company, Aaron Joseph & Company, LLC assumes no liability for damages incurred by the removal of an item from a sale. RESERVE: Most items are offered without reserve or minimum bid. If an item has a reserve, the auctioneer will announce that the item is being sold with a reserve. If the item has an Auction Estimate, the reserve will never be greater than the low estimate. If an item is offered with a reserve, a proxy bidder may bid on behalf of the seller until the reserve is met. However, we will not offer an opening bid on behalf of the seller. If no opening bid is received, or if the bidding does not reach the reserve amount, we will announce that the reserve was not met, and pass the item or submit the bid as an “offer” to the seller for their acceptance. ABSENTEE BIDDING: Absentee Bidding is used by those who cannot attend the auction in person, cannot bid online, and cannot bid by phone. Absentee bids may be submitted by email, through our website, through the mail, at online bidding sites, or by FAX. Bidding on an item will be considered sufficient evidence that an Absentee Bidder accepts all conditions set forth in these BIDDER TERMS & CONDITIONS. In the event of a tie bid between an Absentee Bidder and a bidder who is actively bidding in-person, the in-person bidder will prevail. When submitting an Absentee Bid, the bid amount should be the highest amount that you are willing to bid prior to the addition of the Buyer’s Premium or Sales Tax. A proxy bidder will actually bid on the item in open and competitive bidding. Therefore, the final bid on an item may be less than the amount of your bid. The opening bid on an item with absentee bids shall be: 1) in the case of 3 or more absentee bids, the median bid lowered to the standard bid increment, 2) in the case of 2 absentee bids, the lower of the 2 bids lowered to the standard bid increment, 3) in the case of 1 absentee bid, one-half of that bid lowered to the standard bid increment, and 4) in the case of a lot with a reserve, the reserve amount (if the absentee bid is equal to or higher than the reserve). All absentee bids must be accompanied by a certified check with bank guarantee covering the maximum bid amount plus Buyers Premium and any applicable sales tax, or by acceptable valid charge card information. Any overpayment of an absentee bid will be refunded to the successful absentee bidder, via company check. If your absentee bid is not successful, your certified check will be returned to you, or your charge card information will be destroyed. LIABILITY: By Bidding, the Bidder agrees to hold Global Auction Services and/or Aaron Joseph & Company, LLC and the Auctioneer harmless for errors & omissions. Further, the Bidder agrees to hold Global Auction Services and/or Aaron Joseph & Company, LLC and the Auctioneer harmless, as agents of the seller, for issues arising from the transfer of title of goods purchased. SELLERS: Sellers are NOT permitted to bid on their own items, nor are they permitted to have an employee or agent bid on their behalf, if the item is to be sold “Absolute” or without a reserve. EMPLOYEES & ASSOCIATES: Employees and associates of Global Auction Services and/or Aaron Joseph & Company, LLC are permitted to purchase lots at competitive bidding under the same terms, rules and regulations as the general public. ARBITRATION: In the event that a dispute arises from an Auction under these TERMS & CONDITIONS, the Bidder agrees to resolve the dispute through Binding Arbitration, whereby the prevailing party is entitled to reimbursement of their legal fees by the opposing party. VENUE: By bidding at this auction whether in person or by agent, absentee bid, online, by telephone bid, or other means, the bidder agrees that the contract created by these conditions of sale is made and performed in the county where the Auction is conducted, in the State of Florida. Any dispute arising from this Auction will be resolved in, and under the laws of the County and State where the Auction was conducted. SEVERABILITY: The Bidder agrees that if any portion of these TERMS & CONDITIONS is deemed unenforceable or invalid, the remainder of the TERMS & CONDITIONS shall remain enforceable and valid. SHIPPING: The BUYER is responsible for all removal packing or packaging and shipping of all purchased items. BUYER accepts any and all liability and will hold Global Auction Services and/or Aaron Joseph & Company, LLC and the Okaloosa County Florida Purchasing Department harmless for damages to the purchased items and/or damages to the property of others incurred by the removal, packing or packaging and shipping process. BUYER accepts any and all liability and will hold Global Auction Services and/or Aaron Joseph & Company, LLC and the Okaloosa County Florida Purchasing Department harmless for injuries sustained by BUYER or Agents, Employees, or Contractors, or any person acting on behalf of or in conjunction with the BUYER, during the removal, packing or packaging and shipping process.