TERMS AND CONDITIONS OF ONLINE AUCTION SALE
Any person participating in the auction shall be bound by
the following terms and conditions. These terms and
conditions 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 herein below
provided. All buyers acknowledge and accept with their
registration for the auction the terms and conditions of the
sale as stated on this website.
INSPECTION: Buyer hereby acknowledges that Buyer or an agent
acting on Buyer's behalf, has inspected, or has had the
opportunity to inspect, all of the items upon which Buyer
will be bidding and/or does purchase.
BIDDING: Bidding begins to close Tuesday March 27, 2012
beginning at 12:00 pm EST. This auction includes a staggered
and soft close. A "soft" close means that if a lot bid is
submitted and confirmed during the ten minute before bidding
closes, the closing time will be extended ten minutes on
that item. This will continue until the full time passes
without a new bid on that lot. Please note the closing time
on each lot. No bidder may revoke his bid.
**Anyone outside of the continental United States will be
required to wire transfer a minimum deposit of $5000 US
Dollars to be approved for all non-onsite bidding. All
deposits must be received 24 hours before the sale.
PAYMENT: Invoices must be paid in full before Thursday,
Marcy 29, 2012 in US Dollars by Wire Transfer.
All payments shall be by way of wire transfer. All bidding
and invoicing will be in US Dollars ($).
Your bid is a binding contract. Please don't bid if you
can't pay for the item. Our opportunity to sell an item
ends when the item closes. Do not ask us to cancel your bid
after the auction closes. You are responsible for your bids.
Asset Sales, Inc. reserves the right to refuse any applicant
the privilege of bidding and may revoke such privilege at
any time. Asset Sales, Inc. reserves the right to request
financial information and/or a deposit during the bid
process. All items must be removed by Thursday, April 5,
2012.
TAXES: Taxes arising on a sale shall be paid 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.
TITLE: Title to the lots purchased shall not pass until
payment in full of the purchase price is received.
All risk of loss shall pass to the purchaser at the time of
payment and the auctioneer shall have no further liability
to the purchaser, including without limitation, any damages
for loss of profits.
Asset Sales, Inc. 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.
No purchaser may assign, transfer or dispose of his rights
in any article purchased before he has paid the purchase
price in full.
TIMING: Time will be of the essence. If a purchaser fails to
make payment or remove goods, Asset Sales may resell the
article purchased 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 $2.00/sq ft per month) and commissions, incurred in
such resale.
REMOVAL / RIGGING: No article shall be removed unless paid
in full and all articles purchased shall be removed by
Thursday, April 5, 2012. All small items left longer than 48
hours after close of the auction will not be subject to
refund. 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.
Rigging/Removal of sold equipment is the sole responsibility
of the buyer and must be completed Thursday, April 5, 2012.
Rigging/Removal may not begin until payment has been made in
full. 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
$1,000,000.00 naming Asset Sales, Inc. as the insured.
All items are sold "As is, Where is". The buyer is
responsible for all costs associated with taking possession
of an item.
Recommendation or approval of Riggers by Asset Sales, Inc.,
by any employee or agent of Asset Sales, Inc. or by any
affiliated entity of Asset Sales, Inc. shall be done only as
an accommodation to the Buyer. Such recommendation or
approval shall not cause Asset Sales, Inc., any employee or
agent of Asset Sales, Inc. or any affiliated entity of Asset
Sales, Inc. 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, Inc., any employee or agent of Asset Sales,
Inc. or any affiliated entity of Asset Sales, Inc. based
upon any act or omission by a Rigger.
DISCLAIMER: 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.
INDEMNIFICATION. 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.
This sales transaction shall be governed by and construed in
accordance with the local laws of the state of North
Carolina, USA. The venue for trial or resolution of any
dispute arising out of or related to this transaction shall
be the North Carolina State Courts sitting in Mecklenburg
County, North Carolina, USA. 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 auction company is acting as an agent only and is not
responsible for the acts of its principles.
Asset Sales, Inc. reserves the right to correct any mistakes
or typographical errors made by it or in its behalf in any
of its documents, without the ability of deriving right from
the corrected announcements.
By filling out the registration information form, the buyer
gives written consent to Asset Sales, Inc. to communicate
via e-mail to the address(es) listed herein. Buyer confirms
authorization to provide consent for e-mail to the e-mail
address(es) that provided, 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. Buyer acknowledges that, should the desire
to revoke this written authorization, Buyer will inform
Asset Sales, Inc. of such revocation.

These Terms and Conditions with any amendments or
modifications expressly made by the auction company 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.
In the event of a computer system overload, please stay with
the auction as we will attempt to correct the situation as
soon as possible. Asset Sales, Inc. retains the right to
reopen the bidding.
A 16% Buyer's Premium will apply to all purchases.

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.