TERMS AND CONDITIONS OF AUCTION SALE (UK)
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.
All announcements made on the auction day shall take precedence over
previously distributed information.
Anyone outside of the continental United Kingdom will be required to wire
transfer a minimum deposit of £5000 to be approved for all non-onsite
bidding. All deposits must be received 24 hours before the sale.
All bids constitute a legally binding contract and bidders will be legally
obligated to make payment and remove items in accordance with the terms
and conditions of the sale.
All payments shall be by way of cash, bankers draft, telegraphic transfer
and/or a company cheque accompanied by a bank letter of guarantee
payable to Asset Sales Ltd. All bidding and invoicing will be in Pounds
Sterling, we will accept all currency according to the terms. The purchase
price must be paid in full before or immediately after the conclusion of the
auction. The auctioneer reserves the right to put articles back up for auction
if payment is not received at or before the conclusion of the sale. All
invoices must be checked on the day of the sale as no adjustments will be
made thereafter. Purchases that are not removed within the designed time
will be considered abandoned.
All bidders will be charged Value Added Tax at the current rates on the
amount of their purchases and the buyer’s premium. Where the bidder
intends any lot be exported outside the UK, a refund of VAT will (subject to
regulation) be available upon the production by the Bidder of such proof of
the export as the Auctioneer may require.
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 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\"En Bloc\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\" 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 auctioneer\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s 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 auctioneer shall at all times be entitled to
make changes in (the composition of) the lots or to withdraw them, up until
the last moment before the sale, refuse bids without having to state the
reasons, in which case the previous bidders shall be bound to their bids
and to correct himself.
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.
Asset Sales Ltd. reserves the right to correct any mistakes or typographical
errors made by it or its behalf in any of its announcements or documents,
without the ability of deriving right from the corrected announcements.
All sales shall be concluded on the fall of the hammer or as indicated by the
auctioneer and no purchaser may thereafter revoke his bid. Title to the lots
purchased shall not pass until payment in full of the purchase price is
received.
Rigging/Removal of sold equipment is the sole responsibility of the buyer
and must be completed by the posted date. Rigging/Removal may not
begin until payment has been made in full and the auction sale is complete.
All heavy rigging requiring the use of forklifts, cranes, etc whether
performed by the customer or a rigging company, must present a certificate
of insurance for £2,000,000.00 naming Asset Sales Ltd. as the insured.
Recommendation or approval of Riggers by Asset Sales Ltd. by any
employee or agent of Asset Sales Ltd. or by any affiliated entity of Asset
Sales Ltd. shall be done only as an accommodation to the Buyer. Such
recommendation or approval shall not cause Asset Sales Ltd. to be liable in
any way for any act or omission of any such Rigger. Selection of a Rigger
is solely within the discretion of the buyer, and Buyer acknowledges and
agrees that it shall have no rights or remedies against Asset Sales Ltd., any
employee or agent of Asset Sales Ltd. or any affiliate of Asset Sales Ltd.
based upon any act or omission by a Rigger.
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. BY SUBMITTING A BID, THE BUYER/BIDDER
AFFIRMS IT HAS INSPECTED ALL ITEMS BEFORE BIDDING.
PURCHASERS SHALL BE DEEMED TO HAVE RELIED ENTIRELY UPON
THEIR OWN INSPECTIONS AND INVESTIGATIONS.
No article shall be removed unless paid in full and all articles purchased
shall be removed in the time allocated by the auctioneer or as stated on the
circular. No item, no matter how small or how far the purchaser has to
travel, may be removed until the close of the auction sale. The purchaser
shall be responsible for all costs of removal and shall be liable for any
damage, 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 requirements as to bonding
of movers.
Where available, documents of transfer, including motor vehicle ownership
documents, which are in the possession of the auctioneer, will be provided
to the purchaser within 7 days following the auction or as soon thereafter
as such documents are available.
If the auctioneer is unable to deliver an article sold to a purchaser due to
fire, theft, or any other reason whatsoever, the auctioneer shall reimburse
the purchaser for all monies paid to the auctioneer in respect to the article
and the auctioneer shall have no further liability to the purchaser arising
from or relating to such loss, including without limitation, any damages for
loss of profits.
The auctioneer reserves the right to refuse any applicant the privilege of
bidding or attending the auction and may revoke such privilege at any time.
Time will be of the essence. If a purchaser fails to make payment or
remove goods within the time periods announced by the auctioneer at the
beginning of the auction, the auctioneer may resell the article purchased by
auction, a private contract or otherwise, as the auctioneer at his discretion
deems advisable, and the purchaser shall be liable for the shortfall and all
costs and expenses, including but not limited to interest rates (a minimum
of 1.5% per month or 18% per annum), legal fees, moving and storage (a
minimum rate of £3.00/sq ft per month) and commissions, incurred in such
resale.
No purchaser may assign, transfer or dispose of his rights in any article
purchased before he has paid the purchase price in full. No reselling will be
allowed from the premises.
Asset Sales Ltd. shall have the right to make image and audio video
recordings of the auction, to use said recordings and if deemed
appropriate, to make this public. Participants give their permission by
participating in the auction.
All risk of loss shall pass to the purchaser at the time of payment excepting;
the auctioneer shall reimburse the purchaser for all monies paid to the
auctioneer in respect to any article that the auctioneer cannot deliver due to
thief or disappearance. The auctioneer shall have no further liability to the
purchaser arising from or relating to such loss, including without limitation,
any damages for loss of profits.
The buyer hereby assumes and does agree to indemnify and hold the
auctioneer and seller harmless from any current or future claim which shall
pertain to the fitness, use, damage, safety, injuries to persons or property
that may have been caused by or during removal or use of item(s)
purchased, or any other claim regarding the use of that asset as
purchased. All buyers acknowledge and accept with their signature, the
terms of the sale printed on these registration cards/bidder paddles.
I acknowledge that by filling out this form, I give my written consent to
Asset Sales, Inc. to communicate to me via e-mail to the address(es) listed
herein. I confirm that I have authorization to provide consent for e-mail to
the e-mail address(es) that I provide below, and further agree to indemnify
and hold harmless Asset Sales, Inc. for any action or loss arising from any
incorrect or false e-mail address(es) provided herein. I acknowledge that,
should I desire to revoke this written authorization, I will inform Asset Sales,
Inc. of such revocation.
This sales transaction shall be governed by and construed in accordance
with English law and shall be subject to the exclusive jurisdiction of the
English Courts. If any provision of these terms and conditions shall be held
invalid, illegal, unenforceable or inoperative, the balance of the terms &
conditions shall remain in full force and effect as if such provisions had not
been included.The auctioneer is acting as agent only and is not responsible
for the acts of its principles.
These terms and conditions with any amendments or modifications
expressly made by the auctioneer at the time of the auction constitute all
the terms and conditions with respect to the sale of articles at this auction.
There are no representations, warranties, terms, conditions, undertakings
or collateral agreements except as hereinabove provided.
A Buyer\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s Premium will apply to all auction purchases at the advertised
rate(s).
REGISTRATION & BIDDING ONLINE:
If you plan to bid with Bidspotter.com, you must be pre-approved by Asset
Sales, Inc. The pre-approval process is easy but necessary. Asset Sales,
Inc. will verify telephone number and confirm agreement to the Terms &
Conditions.


West Yorkshire
Tel / Fax 1247.694.380
peteraml@asset-sales.co.uk