ASSETS 4 AUCTION TERMS AND CONDITIONS
You must be 18 years of age or older and registered with a bid number in order to bid and attend the auction. Children under age are asked to remain in the children's room where parents are responsible for their actions. Assets 4 Auction reserves the right to refuse to register any bidder.
Proxibidders must submit a valid credit card for registration. Payment for any purchases through Proxibid will be charged directly to the credit card designated upon approval of this auction within 48 hours following the auction. If purchases are to be shipped, Assets 4 Auction will charge the Buyer's designated credit card for shipment prior to the actual shipment of the purchase. Late pick up rules will still apply to Proxibid. If there is substantial freight issues, please call us and we will be glad to work out the details and expedite your equipment.
By bidding, you are stating that you are ready and willing to purchase that item for your bid amount. If you are outbid, or your bid does not meet the seller's reserve price, you are under no obligation to buy. But in all other cases, you are entering a contract to buy the item, and to deliver payment to Assets 4 Auction at the close of auction. All bids are final and non-retractable. In the event of any dispute between bidders, the auctioneer shall have sole and final discretion to determine the successful bidder or to re-offer the item in dispute. Assets 4 Auction reserves the right to add or withdraw items, without notice, to or from the auction.
A reserve price may be set by the seller that is above the minimum starting bid. The actual amount of the reserve price is not shown to bidders. The seller is not obligated to sell if the reserve was not met, nor is the high bidder obligated to purchase. If the high bid meets the reserve price, then both parties are obligated to the transaction.
A Buyer's Premium of 18% is charged on all Proxibid transactions.
All sales are final. There will be no exchanges or refunds unless otherwise noted. All items are sold as is and where is. Assets 4 Auction has attempted to describe and catalog items correctly, but neither warrants nor represents and in no event shall be responsible for the correctness of descriptions, genuineness, authorship, provenance or condition of the items. No statement made in this catalog, or made orally at the auction or elsewhere, shall be deemed such a warranty, representation, or assumption of liability.
Each person bidding assumes all risks and hazards related to the auction and items obtained at the auction. Each bidder agrees to hold harmless from any liability arising indirectly from Assets 4 Auction employees, the auctioneer(s), the auction company and its agents and employees, the consignors, the event organizers, sponsors, and/or volunteers connected with the auction.
Payment is due immediately upon close of auction or if the purchase is to be shipped, prior to shipment. Following payment, Buyer may pick up their purchases or have their purchases shipped.. Buyer must show their paid receipt for items to be picked up. Quantities must be checked before removal as adjustments will not be made after purchases have been removed from the premises.
All items must be picked up no later than 3 business days from close of auction or the Bidder Deposit will be forfeited, and no longer applied against the purchase price. Cost and responsibility for removal and delivery of purchases remain with the Buyer, including insuring that all invoiced items are removed. Delay in Buyer pick up does not extend the warranty, if any. (See Buyer warranty for details.) Purchases not picked up within 3 business days of auction close will be subject to a minimum daily storage fee of $50 per item per day, which must be paid prior to Buyer picking up their purchases. Unclaimed items that the storage fees exceed the sale value will be deemed abandoned and Assets4Auction reserves the right to re-auction the items to pay off the storage that has incurred.
ASSETS 4 AUCTION WARRANTY POLICY
Individual Items Purchased for $500.00 or Less - Excluding Sales Tax and Buyer's Premium: Equipment is sold as is with no warranty or refund provided by Assets 4 Auction.
Individual Items Purchased for $500.01 - $1,500.00 – Excluding Sales Tax and Buyer's Premium: 3 Business Day Warranty from the end of auction during which equipment was purchased will be provided by Assets 4 Auction.
Individual Items Purchased for Over $1,500.00 – Excluding Sales Tax and Buyer's Premium: 30 Calendar Day Warranty from the end of auction during which equipment was purchased will be provided by Assets 4 Auction.
For any warranty, Buyer must physically return equipment to Assets 4 Auction's place of business prior to the end of the warranty period or warranty will be deemed expired. At Assets 4 Auction's option, it will either repair the equipment or refund the purchase price and sales tax to Buyer. Buyer's premium will not be refunded. Buyer is responsible for all damage to purchases during the removal, delivery and installation process. Assets 4 Auction's warranty will be null and void when damage occurs to equipment while in control and possession of Buyer or any refrigeration does not remain upright at all times.
ASSETS 4 AUCTION RETURN POLICY
All sales are final. Assets 4 Auction does not accept returns of any equipment purchased during the auction by a Buyer other than returns allowed within the terms of the Warranty Policy.
Buyer is responsible for reviewing equipment prior to bidding and purchasing the equipment, including an evaluation of condition, size, gas and electrical requirements, equipment use and all other aspects of the equipment purchases. Purchases are made as is and where is. Purchase includes but is not limited to the existing condition of legs, wheels, shelves, shelf clips, knobs, handles, lights, ballasts, gaskets, leg levelers, screws, damaged or missing parts, glass, gas pressure valves, scratches and dents, etc.
After full payment, Buyer can request that Assets 4 Auction resell their equipment at auction. Assets 4 Auction will accept no reserve consignment from the Buyer at a 50% consignment rate or the removal rate whichever is less. Assets 4 Auction will auction the Buyer's consigned equipment at the next available auction and provide the Buyer with the consignment fee, excluding Sales Tax and Buyer's Premium.
ASSETS 4 AUCTION DELIVERY SERVICE
Assets 4 Auction only offers curb side delivery at a rate of $200 per truck plus $5 per mile round trip. Curb side delivery means to the nearest legal loading/unloading zone. Bus stops and double parking are not considered loading zones. Assets 4 Auction delivery does not change warranty policy and dates. For long distance deliveries we will pass along the savings of our delivery company charges. Freight insurance must be purchased.
CUSTOMER LIABILITY, DAMAGE AND PRIVACY WAIVER
Equipment may be sharp, hold chemicals, and pose risk to individuals. Customers and their guests enter Assets 4 Auction premises and parking area at their own risk, and will not hold Assets 4 Auction liable for injury to person or customer property. Assets 4 Auction is not responsible for damage to vehicles during equipment loading and unloading or any damage consequential or inconsequential while on Asset 4 Auction premises.
Assets 4 Auction video and voice records all auctions. The customers' choice to participate in the auction, automatically provides consent to be recorded.
I HAVE READ AND AGREE TO THE AUCTION TERMS AND CONDITIONS AND POLICIES Registering and or bidding on any item binds me to this agreement.