Surplus Equipment Of Lamar Industrial Plastic Co., II Inc

6301 Hughes Drive

Sterling Heights, MI 48312

WILLIAMS & LIPTON COMPANY
32316 GRAND RIVER AVENUE 
SUITE 101
FARMINGTON, MICHIGAN  48336
(248) 478-2000   
FAX (248) 478-4046
Website: 
www.williamsandlipton.com

AUCTION TERMS AND CONDITIONS:

There is a 16% Buyers Premium at this sale.  

NOTICE:  ALL BIDDERS AND OTHER PERSONS PARTICIPATING IN THIS 
SALE AGREE THAT THEY HAVE READ AND HAVE FULL KNOWLEDGE OF 
THESE TERMS AND CONDITIONS AND AGREE TO  
SUCH TERMS AND CONDITIONS AS STATED! YOUR REGISTRATION ON 
THIS WEBSITE AND THIS AUCTION IS YOUR ACKNOWLEDGMENT.

IDENTIFICATION - All purchasers are required to give their 
full name, company name, address, phone number,drivers 
license number, signature, bank information and email 
address. This email address will be used to send you your 
auction invoice for your purchases.

TERMS - The buyer does hereby assume and does agree to 
indemnify and hold the auctioneer and seller harmless 
from any future claim which shall pertain to the fitness or 
use of the assets being purchased.

DEPOSIT - TO BE APPROVED TO BID ON LINE IN THIS AUCTION A 
DEPOSIT OF $1000.00 IS REQUIRED FROM ALL IN COUNTRY BIDDERS.  ALL OUT OF COUNTRY BUYERS ARE REQUIRED TO LEAVE A $5000.00 DEPOSIT.  WE DO NOT ACCEPT CREDIT CARDS.  ON SITE BIDDERS WILL ALSO BE REQUIRED TO LEAVE A 25% DEPOSIT OF THEIR PURCHASES ON AUCTION DAY. NO EXCEPTIONS  
Your deposit must be received by our bank or at 
our office before you will be approved to bid at this 
auction.  All Deposits received in any form (cash, check, 
ach, wire transfer, counter credit, money orders or cashiers check) not applied towards an auction purchase will be refunded by Williams & Lipton Company via company check at the time the final Auction Report of Sale is complete and the funds are released from escrow, 
generally 7 to 10 days from the sale date. We do not accept 
Credit Cards.


REMOVAL DATES:  The removal dates are Friday, April 25th to Friday, May 2nd from 9AM to 4PM. No Weekend Removal. THERE WILL BE A $500.00 COST, PER DAY, FOR ALL BUYERS WHO DO NOT HAVE THEIR PURCHASES REMOVED.

REMOVAL - Removal is at the expense, risk and liability 
of the purchaser.  Purchases will be released only upon 
presentation of a paid invoice.  The auctioneer will 
not be responsible for items not removed within the time 
allowed, but does have the option to remove and store, at 
the risk and expense of the purchaser, any article 
purchased but not paid for and removed within the time limit 
mentioned earlier.  It is the responsibility of the buyer to 
completely remove any article purchased by him and should 
any part of any such article be abandoned, the buyer will be 
liable for any expense involved in its removal. 
Additionally,  if the equipment is not removed by 
the specified removal date, each individual company will 
be charged $500.00 per day to do any removal.

MANNER OF PAYMENT  All bills must be paid within 48 hours 
of the end of the sale.  We will accept your company check 
under the following conditions a.) the check is certified at time the of purchase b.) you submit a letter from your bank at time of purchase, guaranteeing unqualified 
payment of your check.  All checks for deposits and 
balances due are to be made payable to the order of 
WILLIAMS & LIPTON COMPANY. All checks are to be cashier's or certified funds.  We do not accept credit cards!  All bids must be paid to representatives of the auctioneer on the premises.  The full purchase price, on all lots purchased, must be paid prior to the removal of any of the lots. 

EXAMPLE Please show this letter to your bank.
To:  Williams & Lipton 
Company,  Farmington, Michigan
Mr. (Customer Name) of 
(Company Name) is a customer at this bank.  This bank will 
guarantee irrevocable, unqualified payment for full 
face value stated on this letter to Williams & Lipton 
Company for checks drawn on (account number) for an amount 
up to $_____.00.  This letter is Valid for (Date Of Sale) 
and for the (Name of Auction) ONLY.

CONDITION OF ARTICLES SOLD - The auctioneer shall not be 
held responsible for the correct description, 
genuineness, authenticity of or defect in any lot, and makes no warranty in connection therewith.  No sale will be set aside or allowance made for any incorrectness, error in 
cataloging or any imperfection not noted.  No allowances or 
deduction will be made on damaged articles.  All goods are 
exposed for public exhibition and sold "AS-IS" "WHERE-IS" 
and without recourse.

CLAIMS - No claim will be allowed for shortages after 24 
hours or after removal of goods from the premises.  

RESPONSIBILITY FOR NON-DELIVERY - The auctioneer is 
not, in any event, liable for the non-delivery, to any 
purchaser, of any lot purchased.

COMPLIANCE WITH TERMS OF SALE - In default of payment of 
bill in full within the time limit stated, the auctioneer 
may retain all monies received as deposit or otherwise as 
liquidated damages.  Any lot not fully paid for within the 
time stated will be resold at public or private sale without further notice.  Any deficiency, together with all 
expenses and charges of resale will be charged to the 
defaulting purchaser. RISK TO PERSON AND PROPERTY - Any 
person attending inspection day, auction sale day or during 
the removal period assume all risks of damage or loss to 
person or property and specifically release the auctioneer 
and his principal from any liabilities.  Neither the 
auctioneer nor his principal is responsible for any defect 
or the condition of the premises on which the sale is held.

ADDITION TO OR WITHDRAW FROM SALE - The auctioneer reserves 
the right to withdraw from the sale any property listed and 
also to add property not listed to this sale.  Also, the 
auctioneer may group lots or subdivide lots in order to 
benefit the seller.  The auctioneer reserves the right to 
sell all the property listed in bulk.

WILLIAMS & LIPTON COMPANY
32316 Grand River Avenue, 
Suite 101
Farmington, Michigan  48336
(248) 478-2000   FAX (248) 
478-4046
Website:  
www.williamsandlipton.com

AUCTION TERMS AND CONDITIONS 
(CONTINUED):

SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE  When items 
are sold in this manner, the purchaser will be billed 
accordingly.  If upon delivery a shortage exists, the 
purchaser will receive a refund at the rate of purchase.  
However, if there is an excess the purchaser will be billed 
in the same manner and required to take the excess.

DISPUTE BETWEEN BIDDERS  If any dispute arises between 
bidders, the auctioneer may decide the same or put the lot 
up for sale again at once.  The auctioneers decision is 
final and absolute.

RESERVE  The auctioneer reserves the right to accept 
or reject any and all bids.  If there is a reserve on a lot, 
the auctioneer has the right to bid on behalf of the 
seller. If there is a reserve on any particular single item, 
the auctioneer can reject the highest bid subject to the 
reserve after the conclusion of the sale.  The auctioneer 
may disclose this information if he so chooses.

RECORDS  The record of sale that is kept by the auctioneer 
and his bookkeeper will be taken as final word in the event 
of a dispute.

AGENCY  The auctioneer is only an agent and not responsible 
for the acts of his principal.

THIRD PARTY PICK-UP  Any buyer that is going to have 
someone other than himself pick-up his purchases must 
notify that auctioneer in writing.

ADDITIONAL TERMS AND CONDITIONS  The Auctioneer reserves 
the right to sell subject to reserve and to purchase for 
its own account and/or for the account of others, whether by verbal or written proxy, all subject to prior sale.  The 
auctioneer reserves the right to refuse any applicant the 
privilege of bidding or attending at the auction and 
may revoke such privilege at any time.  The auctioneer may 
add other terms and conditions prior to the start of this 
sale.

WE APPRECIATE YOUR ATTENDANCE  Please present any questions 
or requests at once to the our office at 
248-478-2000. We hope that you will enjoy our auction 
methods and that you are successful with your purchases.  

WILLIAMS & LIPTON COMPANY
32316 Grand River Avenue, 
Suite 101
Farmington, Michigan 48336
(248) 478-2000   FAX (248) 
478-4046
Website: 
www.williamsandlipton.com

PROCEDURES FOR BUYERS OR RIGGERS REMOVING EQUIPMENT

Following are the terms for equipment disconnect and 
removal.  All Buyers and their contractors and their 
helpers, who participate in the disconnect and/or removal 
of the equipment are required to review, acknowledge, accept and abide by the following before commencement of any removal activity.

Rigging is the total responsibility of the buyer. Williams & Lipton Company does not do any rigging or assisting in 
anyway in the rigging process.  The removal deadline will 
posted around the auction facility.  No extensions will be 
granted.

Additional terms and conditions may be announced and 
required by the Auctioneer.

1.    Buyer/Rigger must present the original yellow 
copy of the customer invoice to authorized Williams & Lipton 
Company personnel prior to removal of any equipment.

2.    No items, no matter how small, may be removed 
while the Auction is in progress.  We will stay one 
hour after the Auction is completed for removal of small 
items.  All small items must be removed by 4 PM on the 
first removal day following the Auction.

3.    All Buyers/Riggers must present authorized 
Williams & Lipton Company personnel with a liability and 
workmens compensation insurance certificate in the 
amount of at least $1,000,000.00 prior to commencing any 
removal activities.

4.    Should any pits, floor bolts or hazards of any type 
exist after removal of equipment, it is the 
responsibility and cost of the Buyer/Rigger to guard these 
areas using generally accepted safety practices, such as 
safety tapes, pipes or bars welded in place, or suitable 
safety barrier acceptable to Williams & Lipton Company.  
All floor bolts and/or anchoring fasteners are to be 
cut flush to the floor and the area left broom clean.  All 
electric wiring and utility piping must be safely 
disconnected at the incoming main switch or valve, which 
will remain with the building.

5.    Machines are to be staged for loading in the area 
assigned by Williams & Lipton Company.

6.    Any hydraulic fluid or oil leaks are the 
Buyer/riggers responsibility to clean up.  Buyer/Rigger 
must take full responsibility for and exercise all 
reasonable care to ensure that there is no release to the 
environment of any hazardous wastes or substances as 
defined in applicable Federal, State and Local Statues, 
Regulations, Rules or Ordinances.

7.      It is the responsibility of the Buyer/Rigger to 
disconnect all electrical power to the equipment. Please 
check to make sure that the power is off to the machines 
before disconnecting.

8.    No trucks are to be left running in an enclosed 
building.  Williams & Lipton Company is not liable for 
equipment or tools left on premises.

9.    Liable for damages-Any surface or structural damage 
to walls, ceilings, floors, overhead doors, gates, etc.will 
be the Buyer/Riggers responsibility.  Williams & 
Lipton Company personnel are instructed to report damage to 
the Home Office and Plant personnel immediately.  
Buyer/Riggers will not be permitted to leave with equipment 
until repairs are made.

10.    Theft will not be tolerated and we reserve the 
right to inspect all trucks, tool boxes and rigger cases.  
Instances of theft will result in the immediate termination 
of removal privileges and full prosecution by law.


For any questions please don't hesitate to contact Williams And Lipton Companies Office at (248) 478-2000. Also please be aware of all deposit requirements and removal regulations as outlined in our terms.