16144
Lot
16144
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Bids do not include Tax, buyer’s premium or delivery.
By confirming your bid, you agree that you have read and accepted bidspotter.com and the auctioneer's terms and conditions. Confirming your bid is a legally binding obligation to purchase and pay for the lot should your bid be accepted by the auctioneer.
Please note: you can manage your bids before the auction starts in My BidSpotter.
IMPORTANT REMOVAL INFORMATION All item removals are conducted by appointment only. Walk-in removals will not be permitted under any circumstances. A scheduling link will be included directly in your invoice. Please note that removal appointments may only be booked after payment has been processed and confirmed in full. Do not attempt to schedule a removal appointment until you have received a paid-in-full invoice from our accounting team. Appointments requested prior to payment confirmation will not be honored. The removal period for this auction will run from Tuesday, June 16th to Friday June 26th, for all hand carry items. The removal period will extend to Tuesday, June 30th for larger items and machinery. There will be NO removals past June 30th, with exceptions only given on a case by case basis. If you believe you need an extension case for items won in the sale, you must contact us immediately after the completion of the sale and payment of your invoice.
AssetBuilt does not perform or accept liabilty for shipping services, all shipping services are the responsibility of the buyer to organize and perform. AssetBuilt can provide names of local pack & ship companies, but does not recommend or endorse any service provider. Rigging and machinery moving services are the sole responsibility of the buyer. AssetBuilt lists rigging services that we have worked with in the past and have collected proper insurance certificates from, but AssetBuilt does not reccomend or endorse any machinery movers. Buyers are permitted to use any rigger of their choice so long as that rigger has filed and verified a proper COI with AssetBuilt before coming onsite to provide their services. For COI requirements for riggers, please contact us at info@assetbuilt.com. Please see the below list of machinery movers we have received appropriate COIs for and that are known to be working with us onsite:
Carson Metals, LLC
Johnny Carson III
(346) 297-3563
Johnny@mjindustrialtx.com
International Machinery Movers
Send Auction invoice to Quotes@immnow.com for a quote
Amber Mason 817-739-6180
Postal Annex
(405) 242-3480
12220 N MacArthur Blvd Suite F, Oklahoma City, OK 73162
For questions regarding scheduling or removal, please contact us at info@assetbuilt.com.
IMPORTANT PAYMENT INFORMATION Thank you for participating in our auction event. Please review the following payment details carefully before submitting your payment. INVOICE DELIVERY Invoices will be issued within 48 hours following the close of the auction. PAYMENT DEADLINE & FEES All invoices must be paid in full within 48 hours of invoice release. A $250 late payment fee may be assessed on any invoice not settled within this window. Please ensure the exact invoice amount is submitted — any overpayment or incorrect amount requiring a reimbursement will be subject to a $100 adjustment fee. There is a $40 wire transfer fee for all wire transfers. ACH Payments — NOT ACCEPTED Asset Built does not accept ACH transfers under any circumstances. Any ACH payment received will incur a $100 processing fee. TAX & EXEMPTION INFORMATION International Bidders: No tax exceptions will be made at the time of payment. International bidders are required to pay their invoice in full, including all applicable taxes. Once a Bill of Lading has been received confirming shipment, taxes will be refunded via ACH or wire transfer. It is the bidder's sole responsibility to provide accurate bank account information to facilitate this refund. Domestic Bidders: If you qualify for a tax exemption, please complete the tax exemption form provided by our accounting team and return it to info@assetbuilt.com. Upon receipt and approval, the applicable tax will be removed from your invoice prior to final payment. It is the bidder's responsibility to proactively submit all required exemption documentation. For any payment-related questions, please contact our accounting team directly at info@assetbuilt.com.
BIDDER'S BINDING AGREEMENT & TERMS AND CONDITIONS
ASSETBUILT, LLC, HEREIN REFERRED TO AS ASSETBUILT, AUCTIONEER AND SELLER.
BIDDER HEREINAFTER REFERRED TO AS BIDDER, REGISTERED BIDDER, PURCHASER, UNDERSIGNED AND BUYER.
THIS AUCTION SHALL BE CONDUCTED IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH BELOW, WHICH SUPERSEDE ALL OTHER PROVISIONS AND ARE FURTHER SUBJECT TO ANY AMENDMENTS, MODIFICATIONS OR ANNOUNCEMENTS ISSUED BY THE AUCTIONEER AT ANY POINT BEFORE OR DURING THE AUCTION, AS WELL AS ANY UPDATES POSTED AT WWW.ASSETBUILT.COM. BY SUBMITTING A BID, THE BIDDER AGREES AND ACKNOWLEDGES THAT THE AUCTIONEER BEARS NO RESPONSIBILITY OR LIABILITY FOR THE BIDDER'S AWARENESS OF SUCH ANNOUNCEMENTS, AND THAT THE BIDDER ASSUMES ALL ASSOCIATED RISKS AND LIABILITIES FROM THE MOMENT A BID IS PLACED.
AUCTIONEER RESERVES THE RIGHT TO CAPTURE AUDIO, VIDEO AND PHOTOGRAPHIC RECORDINGS OF THE AUCTION AND TO DISTRIBUTE OR PUBLISH SUCH RECORDINGS AT THE AUCTIONEER'S SOLE DISCRETION. BY PARTICIPATING IN THE AUCTION, ALL BUYERS HEREBY GRANT THEIR CONSENT TO SUCH RECORDING AND POTENTIAL PUBLICATION.
Auctioneer reserves the right, at its sole discretion, to refuse entry, deny registration or revoke bidding privileges at any time and for any reason. Bid paddles and invoices are issued solely to the registered bidder and are non-transferable. Any bid placed by the holder of a bid paddle is the full and sole responsibility of the Registered Bidder. All sales are considered final; no refunds, returns, credits, exchanges or rebids will be permitted once the Auctioneer declares an item sold.
The Bidder, Registered Bidder, Purchaser, Undersigned and Buyer acknowledge that a successful bid constitutes a legally binding contract of sale. This agreement is binding upon both the Registered Bidder's company and the individual Bidder, Purchaser, Undersigned and Buyer personally, for all amounts due at the conclusion of bidding and as reflected on the final invoice.
All Bidders are required to provide their full legal name, company name (if applicable), and complete address at time of registration. The Auctioneer reserves the right to verify the identity of any Bidder prior to or during the auction.
"THE BUYER ALONE IS RESPONSIBLE FOR EVALUATING THE QUALITY, CONDITION AND SUITABILITY OF ANY ITEM PRIOR TO PURCHASE."
Auctioneer makes no representations, warranties, promises, covenants or guarantees, expressed or implied, regarding the accuracy or completeness of any item descriptions, advertisements or catalogue listings, and accepts no responsibility for discrepancies of any kind. ALL ITEMS ARE SOLD STRICTLY ON AN "AS IS, WHERE IS" BASIS, WITH ALL FAULTS, AND REMOVAL IS ENTIRELY AT THE BUYER'S RISK AND EXPENSE. AUCTIONEER EXPRESSLY DISCLAIMS, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND MAKES NO REPRESENTATIONS REGARDING THE NATURE, QUALITY, FUNCTION, PERFORMANCE, VALUE OR CONDITION OF ANY ITEM OFFERED FOR SALE.
The Auctioneer and any owner, seller, or secured party make no warranties express or implied as to merchantability or fitness for purpose whatsoever. All such express or implied warranties are expressly excluded hereby. No oral statement or other writing by any person negates this exclusion. If you believe you have received any assurance or warranty of any kind as to a Lot offered in this auction, do not bid on such item unless the Auctioneer has signed a writing specifically directed to you, identifying the Lot and stating the modification of this exclusion. The Auctioneer shall not be 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 nor allowance made on account of any incorrectness, error in commentary, cataloging, or any imperfection not noted.
PHYSICAL INSPECTION RECOMMENDED: AssetBuilt, LLC strongly encourages all prospective bidders to physically inspect all Lots prior to placing any bid. Inspection appointments may be arranged in advance through the Auctioneer. By placing a bid, the Undersigned confirms that they have either completed a satisfactory inspection or have voluntarily chosen to waive that right. No credits, returns, exchanges, refunds or rebids will be considered except at the Auctioneer's sole discretion, provided any such request is made directly to the Auctioneer within five (5) minutes of the Lot being closed. No claims based on an item's failure to meet any assumed standard will be entertained.
PHOTOGRAPHS AND IMAGES DISCLAIMER: Photographs, images, and visual representations of Lots provided in auction catalogues, listings, advertisements, or on AssetBuilt's website or any third-party platform are provided for general reference purposes only. AssetBuilt, LLC is not responsible for any errors, omissions, inaccuracies, or misrepresentations in any photographs or images, including but not limited to differences in color, condition, configuration, model, accessories depicted, or any other visual discrepancy between the photograph and the actual item. Images may depict similar but not identical equipment, may not reflect current condition, and may not show all faults, damage, or missing components. Buyers must not rely solely on photographs when making bidding decisions. Physical inspection prior to bidding is the sole reliable method of verifying an item's condition and is strongly recommended for all Lots.
The Undersigned hereby waives, releases and forever discharges the Auctioneer and its respective employees, agents and representatives from any and all claims, actions, demands, damages, costs or compensation of any kind, direct or indirect, known or unknown, foreseen or unforeseen, arising out of or related to any defect, latent or otherwise, or the physical condition of any purchased item, or any applicable law or regulation. The Undersigned specifically waives the protections of California Civil Code Section 1542, which states: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."
A Buyer's Premium of twenty percent (20%) will be added to the final hammer price of every Lot and is the responsibility of the successful Bidder. This premium is taxable and will appear as a separate line item on the Buyer's invoice. The total purchase price for any Lot is therefore the hammer price plus the 20% Buyer's Premium, plus any applicable sales taxes, plus any other fees as outlined in these Terms and Conditions. The Buyer's Premium is non-negotiable and non-refundable under any circumstances. By placing a bid, the Bidder expressly acknowledges and accepts responsibility for payment of the Buyer's Premium on all successful bids.
To participate, all Bidders must submit a deposit equal to 25% of their maximum anticipated spend, payable by cash, cashier's check, company check accompanied by a bank letter guaranteeing unconditional payment, or wire transfer inclusive of applicable wire fees. Each successful Bidder will be required to make a deposit in cash or by bank cashier's or certified check of 25% of the successful bid on each Lot at time of knockdown. In default of such deposit, the Lot may be put up again immediately and resold.
Full payment of the Bidder's invoice must be received by the Auctioneer within the first banking day following the auction — within 24 hours — or the Buyer will be considered in default of this Agreement. Each successful Bidder shall receive an invoice during or at the conclusion of the auction. All invoices must be paid in full by the close of business on the last day of the auction sale and prior to removing any Lot. Any other arrangements must be made with Auctioneer prior to bidding.
In the absence of payment or agreement by the Auctioneer, title to the Lot shall not transfer to the successful Bidder and such Bidder will lose any right, title or interest such Bidder may have acquired, and the deposit paid, if any, without further notice to such Bidder. The Bidder shall nonetheless remain liable for any damages caused by the Bidder's failure to pay.
All payments must be made by cash, bank cashier's check or company check with a bank letter of authorization guaranteeing funds payable to "AssetBuilt, LLC." All invoices must be paid to representatives of the Auctioneer at the auction site unless otherwise announced. The full purchase price on all Lots sold to the same successful Bidder must be paid within the time fixed and before removal of any Lot. A taxable Buyer's Premium surcharge will be applied to all invoices as stated herein.
All sales are subject to applicable state and local taxes, which will be collected from the successful Bidder unless a proper exemption certificate including tax-exempt number is presented at the time of payment. The Undersigned must provide documentation satisfactory to the Auctioneer to support any claimed sales tax exemption; such documentation must reflect the same industry as the items purchased. In the absence of acceptable proof, the Buyer is responsible for all applicable taxes.
Auctioneer assumes no responsibility for any Department of Motor Vehicles fees, taxes, registration costs, licensing requirements, penalties, smog certifications or related charges. Certain vehicles, as announced or noted in the auction catalogue or on the Buyer's invoice, will be sold strictly "AS IS" with a Bill of Sale only. A $75 title transfer fee will be assessed on each titled item. Where titles are available, they will be mailed to the Buyer approximately 7–10 business days following receipt of full payment. No refunds will be issued in the event the Auctioneer is unable to produce a title. Sales tax on motor vehicles is the sole responsibility of the Buyer, to be remitted directly to the appropriate state's Department of Motor Vehicles. All vehicles are sold "AS IS, WHERE IS, WITH NO WARRANTIES EXPRESSED OR IMPLIED." It is the Buyer's sole responsibility to inspect each vehicle and verify all details including description, model, year, mileage and condition. Auctioneer accepts no responsibility for inaccuracies of any kind.
All purchases must be removed no later than the date specified in the Auction Catalogue and/or announced at the sale. No Lot can, on any account, be removed during the sale. All goods are sold "Where Is." Removal shall be at the expense, risk, and liability of the successful Bidder. Purchases will be released only upon presentation of a paid invoice.
All responsibilities associated with electrical disconnection, fluid and liquid removal, rigging, loading, broom cleaning, trash and debris removal, floor stud extraction and transportation are borne solely and absolutely by the Undersigned. No abandonment of any item, regardless of size or value, will be permitted.
Auctioneer shall not be responsible for Lots not removed within the time allowed, but Auctioneer shall have the option to remove and store at the expense and risk of the successful Bidder any article purchased but not paid for and removed within the time required.
No purchased items may be removed from the premises while the auction is actively in progress.
All coolants, oil and fluids must be drained from all machinery and equipment prior to removal. All of the above must be shipped in compliance with state and federal regulations. Preparation and shipment shall be at the sole responsibility and cost of the successful Bidder.
For the removal of any items that are not hand-carry (i.e., any item requiring mechanical assistance, rigging equipment, forklifts, cranes, pallet jacks, or any other equipment or additional personnel for its safe movement), the Buyer is required to use a licensed, professional, and fully insured machinery moving company or rigging contractor. Self-performed removal by the Buyer, its employees, or agents is not permitted for such items unless the Buyer's own company is a licensed and insured rigging or machinery moving firm and provides documentation satisfactory to the Auctioneer.
INSURANCE VERIFICATION REQUIRED BEFORE REMOVAL: Prior to commencing any removal activity, the Undersigned must present AssetBuilt, LLC personnel with the following valid and current documentation:
1. Proof of valid Workers' Compensation Insurance covering all workers and contractors involved in the removal.
2. A commercial General Liability Insurance certificate reflecting a minimum combined single limit of $2,000,000.00 per occurrence, with AssetBuilt, LLC, the Seller, and the Landlord each named as additional insureds.
3. Where crane or hoist usage is intended, the insurance certificate must expressly include crane and rigging coverage, and written authorization from the crane owner must be obtained in advance.
AssetBuilt, LLC reserves the right to verify all insurance documentation and to deny removal privileges to any Buyer or contractor whose documentation is deemed insufficient, expired, or otherwise unacceptable, at the Auctioneer's sole discretion. No items — regardless of size — will be released or permitted to leave the premises until all required insurance documentation has been reviewed and approved by AssetBuilt, LLC personnel. Failure to provide acceptable documentation will not entitle the Buyer to any extension of the removal deadline, refund, or other remedy.
Upon completion of equipment removal, the Undersigned is responsible for adequately safeguarding any resulting pits, exposed floor bolts, anchoring points or other hazards at its own expense, using generally accepted safety practices — including but not limited to safety tape, welded pipes or bars, or other barriers acceptable to the Auctioneer. All floor bolts and anchoring fasteners must be cut flush with the floor surface. The surrounding area must be left broom clean with all debris fully removed.
The Undersigned is further responsible for confirming that power to all items has been shut off before safely disconnecting all electrical wiring and utility piping, capping at the first electrical or air junction of each item. All items must be staged for loading in the area designated by Auctioneer personnel.
The Undersigned bears full responsibility for securing all required safety equipment and ensuring compliance with all applicable government safety standards during the use or removal of any purchased items. Certain items may contain residual chemicals or hazardous materials. The Undersigned agrees to indemnify and hold the Auctioneer harmless from any and all damages, claims or liabilities arising from injury to persons or property caused by the Undersigned, its agents, employees or contractors during the sale or in the course of removing, operating or using any purchased item.
The cleanup and proper disposal of any hydraulic fluid, oil leaks or other fluid discharge is entirely the Undersigned's responsibility. The Undersigned must ensure full compliance with all applicable federal, state and local environmental laws, statutes, regulations and ordinances, and must take all reasonable precautions to prevent the release of any hazardous waste or substance into the environment.
No vehicles or trucks may be left running inside any enclosed structure on the premises. The Auctioneer assumes no responsibility for any personal belongings left on the premises.
Any damage to the facility — including but not limited to walls, ceilings, floors, overhead doors, gates or any other structural or surface elements — is the sole responsibility of the Undersigned. Purchased items will not be permitted to leave the premises until all damage has been repaired to the Auctioneer's satisfaction.
Theft will not be tolerated under any circumstances. The Auctioneer reserves the right to inspect all vehicles, toolboxes, rigger cases and similar containers at any time. Any confirmed or suspected theft will result in the immediate revocation of removal privileges and referral for full criminal prosecution. All quantities must be verified prior to removal from the premises; no adjustments will be made after items have left the site.
From the moment the Auctioneer declares an item sold and identifies the Undersigned as the Purchaser, all items within that Lot become the sole and absolute responsibility of the Undersigned. The Undersigned immediately assumes all risk of loss — including but not limited to theft, damage or destruction — and all related liability. Buyers are strongly advised to arrange appropriate insurance coverage for their purchases in advance, as no refunds will be issued for items that are missing, lost, damaged or stolen except at the Auctioneer's sole discretion.
The Auctioneer shall not be liable for non-delivery of any item for any reason, with the sole remedy being the return of any deposit or funds paid for such undelivered items. This limitation applies from the time of knockdown through the conclusion of the designated removal period. Under no circumstances shall the Auctioneer's liability to the Undersigned exceed the amount actually paid. THE UNDERSIGNED EXPRESSLY ACKNOWLEDGES AND AGREES THAT THE AUCTIONEER SHALL NOT BE LIABLE FOR ANY SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES OF ANY KIND.
Title to and possession of all purchased items remains with the Auctioneer until payment in full has been received for every item on the Purchaser's invoice. No items will be released until the invoice is paid in its entirety. Should the Purchaser fail to remit full payment for any reason, the Auctioneer will retain both the items and any monetary consideration already received in order to mitigate financial damages. If any subsequent sale or mitigation proceeds exceed the outstanding invoice balance, the Auctioneer will refund the difference to the Purchaser upon determination at its sole discretion. The Purchaser agrees that all items won at this auction, though they may appear as separate line items on the invoice, collectively constitute a single contract for purposes of any legal dispute.
Should the Undersigned fail to pay the invoice in full within the first banking day following the auction (within 48 hours), fail to remove all purchased items by the date specified on the invoice, or fail to comply with any other term or condition of this Agreement, all items on the invoice shall be deemed abandoned. In such event, the Auctioneer may, at its sole discretion and without further notice, remove, dispose of, scrap or resell any or all such items through public or private sale.
The Undersigned agrees to reimburse the Auctioneer for any resulting deficiency and all associated costs, including removal, rent, storage, holdover fees and a $500.00 per diem administrative fee per item until each item is removed. The Undersigned further acknowledges that both parties have provided sufficient consideration to perform under this Agreement, and that failure to pay in full within the prescribed timeframe constitutes a default and consent to judgment — explicitly waiving any right to a court hearing. All related costs, including attorney's fees, court costs, investigative expenses and any other legal fees incurred in connection with enforcement or collection, shall be the responsibility of the Undersigned.
The Auctioneer is authorized to apply any previously collected deposits against outstanding deficiencies without further notice to the Purchaser. Time is of the essence with respect to both payment and item removal under this Agreement. The Purchaser further acknowledges that the Auctioneer will sustain monetary damages as a result of any item disposal necessitated by the Purchaser's default, and agrees to be responsible for all resulting deficiencies, costs and damages, known and unknown, incurred by the Auctioneer in enforcing this Agreement. All such deficiencies shall constitute a debt owed by the Undersigned.
In default of payment of invoices in full within the time specified, the Auctioneer, in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting successful Bidder.
All matters pertaining to the conduct and administration of the auction shall be governed exclusively by the Auctioneer. The Auctioneer's rulings on all such matters are final and binding upon all participating bidders. The record of sale kept by the Auctioneer and bookkeeper will be taken as final in the event of any dispute.
The Auctioneer retains the right, at its sole and absolute discretion, to combine, regroup, subdivide, add or remove lots, and to accept or reject any bid or group of bids for any reason. The Auctioneer reserves the right to alter the order of the sale, withdraw from the sale any of the Lots or parts thereof, or to sell at this sale Lots not listed. The Auctioneer also reserves the right to group one or more Lots into one or more selling Lots or to subdivide into two or more selling Lots, or make any combination thereof which the Auctioneer in its sole discretion determines.
The Auctioneer may, at its sole and absolute discretion, elect to offer any portion or the entirety of available items as a single bulk lot at any point during the auction. Whenever the best interest of the Seller will be served, the Auctioneer reserves the right to sell Lots in bulk.
Bidding increments are established and controlled exclusively by the Auctioneer. The Auctioneer may reject a nominal or fractional bid advance in the Auctioneer's sole discretion. The Auctioneer further reserves the right to bid on any Lot to protect any financial interest or outstanding obligation, at its sole and absolute discretion. On Lots upon which there is a reserve, the Auctioneer shall have the right to bid on behalf of the seller, owner or secured party and shall have no obligation to denote or announce such reserve or bid.
The Auctioneer reserves the right to supplement this auction with assets sourced from additional sellers. Such items may appear throughout the sale without separate identification or designation. The Auctioneer is acting as agent only and is not responsible for the acts of its principals.
Auction items and scheduled sales are subject to cancellation at any time and without advance notice.
If any dispute arises between two or more Bidders, the Auctioneer may decide the same or put the Lot up for sale again at once, or resell to the highest Bidder. All determinations, rulings, and adjustments made by the Auctioneer in good faith shall be final, binding, and conclusive upon all Bidders.
Where items are sold by estimated weight, count, or measure, the successful Bidder will be invoiced for and required to pay for the estimated weight, count, or measure. If upon delivery any shortage exists, the successful Bidder will receive a credit at the rate of the bid. If there be an excess, the successful Bidder will be required to take and pay for such excess at the rate of the bid.
AUCTIONEER DOES NOT WARRANT THAT THE ONLINE OR WEBCAST BIDDING PLATFORM, ANY ASSOCIATED SOFTWARE, OR ANY THIRD-PARTY TOOLS OR SERVICES USED IN CONNECTION WITH THE AUCTION WILL OPERATE IN A TIMELY, SECURE, UNINTERRUPTED OR ERROR-FREE MANNER, NOR THAT ANY DEFECTS WILL BE IDENTIFIED OR REMEDIED. THE AUCTIONEER RESERVES THE RIGHT TO ACCEPT, REJECT OR REMOVE ANY ELECTRONIC BID AT ANY TIME AND FOR ANY REASON, AT ITS ABSOLUTE SOLE DISCRETION. THE BIDDER ACKNOWLEDGES AND AGREES THAT ALL ELECTRONIC BIDS SUBMITTED ARE BINDING, REGARDLESS OF THE ORDER OR TIMING IN WHICH THEY ARE ACCEPTED OR REJECTED.
Persons attending during exhibition, sale, or removal of Lots assume all risks of damage of or loss to person and property and specifically release the Auctioneer from liability therefore and agree to indemnify and hold the Auctioneer harmless from any loss, claim, liability, cost, or expense caused all or in part by such person(s). Neither the Auctioneer nor its principals shall be liable by reason of any defect in or condition of the premises on which the exhibition, sale, or removal of Lots is held.
By registering as a Bidder and/or participating in any AssetBuilt, LLC auction, the Undersigned expressly consents to and authorizes AssetBuilt, LLC and its affiliates, agents, and marketing partners to collect, store, and use the Bidder's personal and business information — including but not limited to name, company name, contact information, bidding history, purchase history, and transaction data — for the following purposes:
1. Future business communications, including announcements of upcoming auctions, sales, and events;
2. Direct marketing, promotional materials, newsletters, and special offers from AssetBuilt, LLC;
3. Social media marketing and advertising, including but not limited to targeted advertising on platforms such as Facebook, Instagram, LinkedIn, YouTube, and other digital platforms;
4. Internal business analytics, market research, and statistical reporting for the purpose of improving AssetBuilt, LLC's services and operations;
5. Testimonials, success stories, and promotional case studies (without disclosure of confidential financial details unless separately authorized);
6. Third-party marketing partners and service providers engaged by AssetBuilt, LLC in connection with auction marketing and advertising activities; and
7. Any other lawful business purpose reasonably related to AssetBuilt, LLC's auction and asset liquidation services.
AssetBuilt, LLC will not sell the Bidder's personally identifiable information to unaffiliated third parties for their independent marketing use without the Bidder's separate consent. The Bidder may opt out of non-transactional marketing communications at any time by submitting a written request to AssetBuilt, LLC; however, such opt-out will not affect communications necessary to complete or administer any active transaction or auction participation. Participation in the auction constitutes acknowledgment and acceptance of this data use policy.
This Agreement shall be governed by and construed in accordance with the laws of the State of California. The parties agree that any legal action arising from the performance, breach or interpretation of this Agreement shall be venued in the agreed Forum City and State. In any such proceeding, the prevailing party shall be entitled to recover from the non-prevailing party all reasonable costs and expenses of litigation or arbitration, including attorney's fees, court costs, investigative costs and all other related expenses.
I acknowledge that I have provided AssetBuilt, LLC a signed instrument for which I am the fully authorized signatory, without restriction, in an amount sufficient to satisfy this negotiable obligation upon demand. I authorize AssetBuilt to obtain my financial information from any necessary source and to complete the instrument as required to reflect the full amount of my auction invoice at the time of presentment. I agree to pay all costs of collection, including attorney's fees, and to pay interest at a rate of 18% — or the highest rate permitted by applicable law — from the date of issuance if the instrument is dishonored by a financial institution. I waive any requirement of formal presentment and agree to submit to the exclusive jurisdiction established in the executed Auction Bidder's Agreement for any dispute related to this instrument. A credit instrument carries the same legal weight as a personal check. Knowingly issuing or passing a credit instrument against an account with insufficient funds, or with intent to defraud, constitutes a criminal offense and may result in prosecution.
These terms and conditions, together with any amendments or modifications announced by the Auctioneer at the time of sale, constitute the complete and exclusive agreement governing the sale of items at this auction. No additional representations, warranties, undertakings or collateral agreements exist beyond those expressly stated herein.
BY REGISTERING TO BID, SUBMITTING A BID, OR OTHERWISE PARTICIPATING IN ANY ASSETBUILT, LLC AUCTION — WHETHER IN PERSON, ONLINE, VIA WEBCAST, BY TELEPHONE, ABSENTEE BID, OR THROUGH ANY OTHER METHOD — THE BIDDER, PERSONALLY AND ON BEHALF OF THEIR COMPANY, CORPORATION OR ENTITY, CONCLUSIVELY AND IRREVOCABLY AGREES TO AND ACCEPTS ALL TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT IN THEIR ENTIRETY, WITHOUT EXCEPTION OR RESERVATION.
No physical signature is required for these Terms and Conditions to be legally binding and enforceable. The act of bidding — regardless of whether a bid is successful — constitutes the Bidder's full and unconditional acceptance of every provision contained herein, including all amendments, modifications, and announcements made by the Auctioneer before or during the auction. This implicit agreement is equally binding upon the individual Bidder and any company, corporation, partnership, or other legal entity on whose behalf the Bidder acts.
The Bidder acknowledges that they have had the opportunity to read and review these Terms and Conditions in full prior to bidding, that they have done so or have voluntarily chosen not to, and that their participation in the auction constitutes conclusive evidence of their agreement to be bound by these Terms and Conditions. Ignorance of any provision herein shall not constitute a defense to enforcement. These Terms and Conditions are available at www.assetbuilt.com and at the auction site, and the Auctioneer reserves the right to update or amend them at any time.
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IMPORTANT REMOVAL INFORMATION All item removals are conducted by appointment only. Walk-in removals will not be permitted under any circumstances. A scheduling link will be included directly in your invoice. Please note that removal appointments may only be booked after payment has been processed and confirmed in full. Do not attempt to schedule a removal appointment until you have received a paid-in-full invoice from our accounting team. Appointments requested prior to payment confirmation will not be honored. The removal period for this auction will run from Tuesday, June 16th to Friday June 26th, for all hand carry items. The removal period will extend to Tuesday, June 30th for larger items and machinery. There will be NO removals past June 30th, with exceptions only given on a case by case basis. If you believe you need an extension case for items won in the sale, you must contact us immediately after the completion of the sale and payment of your invoice.
AssetBuilt does not perform or accept liabilty for shipping services, all shipping services are the responsibility of the buyer to organize and perform. AssetBuilt can provide names of local pack & ship companies, but does not recommend or endorse any service provider. Rigging and machinery moving services are the sole responsibility of the buyer. AssetBuilt lists rigging services that we have worked with in the past and have collected proper insurance certificates from, but AssetBuilt does not reccomend or endorse any machinery movers. Buyers are permitted to use any rigger of their choice so long as that rigger has filed and verified a proper COI with AssetBuilt before coming onsite to provide their services. For COI requirements for riggers, please contact us at info@assetbuilt.com. Please see the below list of machinery movers we have received appropriate COIs for and that are known to be working with us onsite:
Carson Metals, LLC
Johnny Carson III
(346) 297-3563
Johnny@mjindustrialtx.com
International Machinery Movers
Send Auction invoice to Quotes@immnow.com for a quote
Amber Mason 817-739-6180
Postal Annex
(405) 242-3480
12220 N MacArthur Blvd Suite F, Oklahoma City, OK 73162
For questions regarding scheduling or removal, please contact us at info@assetbuilt.com.
IMPORTANT PAYMENT INFORMATION Thank you for participating in our auction event. Please review the following payment details carefully before submitting your payment. INVOICE DELIVERY Invoices will be issued within 48 hours following the close of the auction. PAYMENT DEADLINE & FEES All invoices must be paid in full within 48 hours of invoice release. A $250 late payment fee may be assessed on any invoice not settled within this window. Please ensure the exact invoice amount is submitted — any overpayment or incorrect amount requiring a reimbursement will be subject to a $100 adjustment fee. There is a $40 wire transfer fee for all wire transfers. ACH Payments — NOT ACCEPTED Asset Built does not accept ACH transfers under any circumstances. Any ACH payment received will incur a $100 processing fee. TAX & EXEMPTION INFORMATION International Bidders: No tax exceptions will be made at the time of payment. International bidders are required to pay their invoice in full, including all applicable taxes. Once a Bill of Lading has been received confirming shipment, taxes will be refunded via ACH or wire transfer. It is the bidder's sole responsibility to provide accurate bank account information to facilitate this refund. Domestic Bidders: If you qualify for a tax exemption, please complete the tax exemption form provided by our accounting team and return it to info@assetbuilt.com. Upon receipt and approval, the applicable tax will be removed from your invoice prior to final payment. It is the bidder's responsibility to proactively submit all required exemption documentation. For any payment-related questions, please contact our accounting team directly at info@assetbuilt.com.
BIDDER'S BINDING AGREEMENT & TERMS AND CONDITIONS
ASSETBUILT, LLC, HEREIN REFERRED TO AS ASSETBUILT, AUCTIONEER AND SELLER.
BIDDER HEREINAFTER REFERRED TO AS BIDDER, REGISTERED BIDDER, PURCHASER, UNDERSIGNED AND BUYER.
THIS AUCTION SHALL BE CONDUCTED IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH BELOW, WHICH SUPERSEDE ALL OTHER PROVISIONS AND ARE FURTHER SUBJECT TO ANY AMENDMENTS, MODIFICATIONS OR ANNOUNCEMENTS ISSUED BY THE AUCTIONEER AT ANY POINT BEFORE OR DURING THE AUCTION, AS WELL AS ANY UPDATES POSTED AT WWW.ASSETBUILT.COM. BY SUBMITTING A BID, THE BIDDER AGREES AND ACKNOWLEDGES THAT THE AUCTIONEER BEARS NO RESPONSIBILITY OR LIABILITY FOR THE BIDDER'S AWARENESS OF SUCH ANNOUNCEMENTS, AND THAT THE BIDDER ASSUMES ALL ASSOCIATED RISKS AND LIABILITIES FROM THE MOMENT A BID IS PLACED.
AUCTIONEER RESERVES THE RIGHT TO CAPTURE AUDIO, VIDEO AND PHOTOGRAPHIC RECORDINGS OF THE AUCTION AND TO DISTRIBUTE OR PUBLISH SUCH RECORDINGS AT THE AUCTIONEER'S SOLE DISCRETION. BY PARTICIPATING IN THE AUCTION, ALL BUYERS HEREBY GRANT THEIR CONSENT TO SUCH RECORDING AND POTENTIAL PUBLICATION.
Auctioneer reserves the right, at its sole discretion, to refuse entry, deny registration or revoke bidding privileges at any time and for any reason. Bid paddles and invoices are issued solely to the registered bidder and are non-transferable. Any bid placed by the holder of a bid paddle is the full and sole responsibility of the Registered Bidder. All sales are considered final; no refunds, returns, credits, exchanges or rebids will be permitted once the Auctioneer declares an item sold.
The Bidder, Registered Bidder, Purchaser, Undersigned and Buyer acknowledge that a successful bid constitutes a legally binding contract of sale. This agreement is binding upon both the Registered Bidder's company and the individual Bidder, Purchaser, Undersigned and Buyer personally, for all amounts due at the conclusion of bidding and as reflected on the final invoice.
All Bidders are required to provide their full legal name, company name (if applicable), and complete address at time of registration. The Auctioneer reserves the right to verify the identity of any Bidder prior to or during the auction.
"THE BUYER ALONE IS RESPONSIBLE FOR EVALUATING THE QUALITY, CONDITION AND SUITABILITY OF ANY ITEM PRIOR TO PURCHASE."
Auctioneer makes no representations, warranties, promises, covenants or guarantees, expressed or implied, regarding the accuracy or completeness of any item descriptions, advertisements or catalogue listings, and accepts no responsibility for discrepancies of any kind. ALL ITEMS ARE SOLD STRICTLY ON AN "AS IS, WHERE IS" BASIS, WITH ALL FAULTS, AND REMOVAL IS ENTIRELY AT THE BUYER'S RISK AND EXPENSE. AUCTIONEER EXPRESSLY DISCLAIMS, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND MAKES NO REPRESENTATIONS REGARDING THE NATURE, QUALITY, FUNCTION, PERFORMANCE, VALUE OR CONDITION OF ANY ITEM OFFERED FOR SALE.
The Auctioneer and any owner, seller, or secured party make no warranties express or implied as to merchantability or fitness for purpose whatsoever. All such express or implied warranties are expressly excluded hereby. No oral statement or other writing by any person negates this exclusion. If you believe you have received any assurance or warranty of any kind as to a Lot offered in this auction, do not bid on such item unless the Auctioneer has signed a writing specifically directed to you, identifying the Lot and stating the modification of this exclusion. The Auctioneer shall not be 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 nor allowance made on account of any incorrectness, error in commentary, cataloging, or any imperfection not noted.
PHYSICAL INSPECTION RECOMMENDED: AssetBuilt, LLC strongly encourages all prospective bidders to physically inspect all Lots prior to placing any bid. Inspection appointments may be arranged in advance through the Auctioneer. By placing a bid, the Undersigned confirms that they have either completed a satisfactory inspection or have voluntarily chosen to waive that right. No credits, returns, exchanges, refunds or rebids will be considered except at the Auctioneer's sole discretion, provided any such request is made directly to the Auctioneer within five (5) minutes of the Lot being closed. No claims based on an item's failure to meet any assumed standard will be entertained.
PHOTOGRAPHS AND IMAGES DISCLAIMER: Photographs, images, and visual representations of Lots provided in auction catalogues, listings, advertisements, or on AssetBuilt's website or any third-party platform are provided for general reference purposes only. AssetBuilt, LLC is not responsible for any errors, omissions, inaccuracies, or misrepresentations in any photographs or images, including but not limited to differences in color, condition, configuration, model, accessories depicted, or any other visual discrepancy between the photograph and the actual item. Images may depict similar but not identical equipment, may not reflect current condition, and may not show all faults, damage, or missing components. Buyers must not rely solely on photographs when making bidding decisions. Physical inspection prior to bidding is the sole reliable method of verifying an item's condition and is strongly recommended for all Lots.
The Undersigned hereby waives, releases and forever discharges the Auctioneer and its respective employees, agents and representatives from any and all claims, actions, demands, damages, costs or compensation of any kind, direct or indirect, known or unknown, foreseen or unforeseen, arising out of or related to any defect, latent or otherwise, or the physical condition of any purchased item, or any applicable law or regulation. The Undersigned specifically waives the protections of California Civil Code Section 1542, which states: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."
A Buyer's Premium of twenty percent (20%) will be added to the final hammer price of every Lot and is the responsibility of the successful Bidder. This premium is taxable and will appear as a separate line item on the Buyer's invoice. The total purchase price for any Lot is therefore the hammer price plus the 20% Buyer's Premium, plus any applicable sales taxes, plus any other fees as outlined in these Terms and Conditions. The Buyer's Premium is non-negotiable and non-refundable under any circumstances. By placing a bid, the Bidder expressly acknowledges and accepts responsibility for payment of the Buyer's Premium on all successful bids.
To participate, all Bidders must submit a deposit equal to 25% of their maximum anticipated spend, payable by cash, cashier's check, company check accompanied by a bank letter guaranteeing unconditional payment, or wire transfer inclusive of applicable wire fees. Each successful Bidder will be required to make a deposit in cash or by bank cashier's or certified check of 25% of the successful bid on each Lot at time of knockdown. In default of such deposit, the Lot may be put up again immediately and resold.
Full payment of the Bidder's invoice must be received by the Auctioneer within the first banking day following the auction — within 24 hours — or the Buyer will be considered in default of this Agreement. Each successful Bidder shall receive an invoice during or at the conclusion of the auction. All invoices must be paid in full by the close of business on the last day of the auction sale and prior to removing any Lot. Any other arrangements must be made with Auctioneer prior to bidding.
In the absence of payment or agreement by the Auctioneer, title to the Lot shall not transfer to the successful Bidder and such Bidder will lose any right, title or interest such Bidder may have acquired, and the deposit paid, if any, without further notice to such Bidder. The Bidder shall nonetheless remain liable for any damages caused by the Bidder's failure to pay.
All payments must be made by cash, bank cashier's check or company check with a bank letter of authorization guaranteeing funds payable to "AssetBuilt, LLC." All invoices must be paid to representatives of the Auctioneer at the auction site unless otherwise announced. The full purchase price on all Lots sold to the same successful Bidder must be paid within the time fixed and before removal of any Lot. A taxable Buyer's Premium surcharge will be applied to all invoices as stated herein.
All sales are subject to applicable state and local taxes, which will be collected from the successful Bidder unless a proper exemption certificate including tax-exempt number is presented at the time of payment. The Undersigned must provide documentation satisfactory to the Auctioneer to support any claimed sales tax exemption; such documentation must reflect the same industry as the items purchased. In the absence of acceptable proof, the Buyer is responsible for all applicable taxes.
Auctioneer assumes no responsibility for any Department of Motor Vehicles fees, taxes, registration costs, licensing requirements, penalties, smog certifications or related charges. Certain vehicles, as announced or noted in the auction catalogue or on the Buyer's invoice, will be sold strictly "AS IS" with a Bill of Sale only. A $75 title transfer fee will be assessed on each titled item. Where titles are available, they will be mailed to the Buyer approximately 7–10 business days following receipt of full payment. No refunds will be issued in the event the Auctioneer is unable to produce a title. Sales tax on motor vehicles is the sole responsibility of the Buyer, to be remitted directly to the appropriate state's Department of Motor Vehicles. All vehicles are sold "AS IS, WHERE IS, WITH NO WARRANTIES EXPRESSED OR IMPLIED." It is the Buyer's sole responsibility to inspect each vehicle and verify all details including description, model, year, mileage and condition. Auctioneer accepts no responsibility for inaccuracies of any kind.
All purchases must be removed no later than the date specified in the Auction Catalogue and/or announced at the sale. No Lot can, on any account, be removed during the sale. All goods are sold "Where Is." Removal shall be at the expense, risk, and liability of the successful Bidder. Purchases will be released only upon presentation of a paid invoice.
All responsibilities associated with electrical disconnection, fluid and liquid removal, rigging, loading, broom cleaning, trash and debris removal, floor stud extraction and transportation are borne solely and absolutely by the Undersigned. No abandonment of any item, regardless of size or value, will be permitted.
Auctioneer shall not be responsible for Lots not removed within the time allowed, but Auctioneer shall have the option to remove and store at the expense and risk of the successful Bidder any article purchased but not paid for and removed within the time required.
No purchased items may be removed from the premises while the auction is actively in progress.
All coolants, oil and fluids must be drained from all machinery and equipment prior to removal. All of the above must be shipped in compliance with state and federal regulations. Preparation and shipment shall be at the sole responsibility and cost of the successful Bidder.
For the removal of any items that are not hand-carry (i.e., any item requiring mechanical assistance, rigging equipment, forklifts, cranes, pallet jacks, or any other equipment or additional personnel for its safe movement), the Buyer is required to use a licensed, professional, and fully insured machinery moving company or rigging contractor. Self-performed removal by the Buyer, its employees, or agents is not permitted for such items unless the Buyer's own company is a licensed and insured rigging or machinery moving firm and provides documentation satisfactory to the Auctioneer.
INSURANCE VERIFICATION REQUIRED BEFORE REMOVAL: Prior to commencing any removal activity, the Undersigned must present AssetBuilt, LLC personnel with the following valid and current documentation:
1. Proof of valid Workers' Compensation Insurance covering all workers and contractors involved in the removal.
2. A commercial General Liability Insurance certificate reflecting a minimum combined single limit of $2,000,000.00 per occurrence, with AssetBuilt, LLC, the Seller, and the Landlord each named as additional insureds.
3. Where crane or hoist usage is intended, the insurance certificate must expressly include crane and rigging coverage, and written authorization from the crane owner must be obtained in advance.
AssetBuilt, LLC reserves the right to verify all insurance documentation and to deny removal privileges to any Buyer or contractor whose documentation is deemed insufficient, expired, or otherwise unacceptable, at the Auctioneer's sole discretion. No items — regardless of size — will be released or permitted to leave the premises until all required insurance documentation has been reviewed and approved by AssetBuilt, LLC personnel. Failure to provide acceptable documentation will not entitle the Buyer to any extension of the removal deadline, refund, or other remedy.
Upon completion of equipment removal, the Undersigned is responsible for adequately safeguarding any resulting pits, exposed floor bolts, anchoring points or other hazards at its own expense, using generally accepted safety practices — including but not limited to safety tape, welded pipes or bars, or other barriers acceptable to the Auctioneer. All floor bolts and anchoring fasteners must be cut flush with the floor surface. The surrounding area must be left broom clean with all debris fully removed.
The Undersigned is further responsible for confirming that power to all items has been shut off before safely disconnecting all electrical wiring and utility piping, capping at the first electrical or air junction of each item. All items must be staged for loading in the area designated by Auctioneer personnel.
The Undersigned bears full responsibility for securing all required safety equipment and ensuring compliance with all applicable government safety standards during the use or removal of any purchased items. Certain items may contain residual chemicals or hazardous materials. The Undersigned agrees to indemnify and hold the Auctioneer harmless from any and all damages, claims or liabilities arising from injury to persons or property caused by the Undersigned, its agents, employees or contractors during the sale or in the course of removing, operating or using any purchased item.
The cleanup and proper disposal of any hydraulic fluid, oil leaks or other fluid discharge is entirely the Undersigned's responsibility. The Undersigned must ensure full compliance with all applicable federal, state and local environmental laws, statutes, regulations and ordinances, and must take all reasonable precautions to prevent the release of any hazardous waste or substance into the environment.
No vehicles or trucks may be left running inside any enclosed structure on the premises. The Auctioneer assumes no responsibility for any personal belongings left on the premises.
Any damage to the facility — including but not limited to walls, ceilings, floors, overhead doors, gates or any other structural or surface elements — is the sole responsibility of the Undersigned. Purchased items will not be permitted to leave the premises until all damage has been repaired to the Auctioneer's satisfaction.
Theft will not be tolerated under any circumstances. The Auctioneer reserves the right to inspect all vehicles, toolboxes, rigger cases and similar containers at any time. Any confirmed or suspected theft will result in the immediate revocation of removal privileges and referral for full criminal prosecution. All quantities must be verified prior to removal from the premises; no adjustments will be made after items have left the site.
From the moment the Auctioneer declares an item sold and identifies the Undersigned as the Purchaser, all items within that Lot become the sole and absolute responsibility of the Undersigned. The Undersigned immediately assumes all risk of loss — including but not limited to theft, damage or destruction — and all related liability. Buyers are strongly advised to arrange appropriate insurance coverage for their purchases in advance, as no refunds will be issued for items that are missing, lost, damaged or stolen except at the Auctioneer's sole discretion.
The Auctioneer shall not be liable for non-delivery of any item for any reason, with the sole remedy being the return of any deposit or funds paid for such undelivered items. This limitation applies from the time of knockdown through the conclusion of the designated removal period. Under no circumstances shall the Auctioneer's liability to the Undersigned exceed the amount actually paid. THE UNDERSIGNED EXPRESSLY ACKNOWLEDGES AND AGREES THAT THE AUCTIONEER SHALL NOT BE LIABLE FOR ANY SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES OF ANY KIND.
Title to and possession of all purchased items remains with the Auctioneer until payment in full has been received for every item on the Purchaser's invoice. No items will be released until the invoice is paid in its entirety. Should the Purchaser fail to remit full payment for any reason, the Auctioneer will retain both the items and any monetary consideration already received in order to mitigate financial damages. If any subsequent sale or mitigation proceeds exceed the outstanding invoice balance, the Auctioneer will refund the difference to the Purchaser upon determination at its sole discretion. The Purchaser agrees that all items won at this auction, though they may appear as separate line items on the invoice, collectively constitute a single contract for purposes of any legal dispute.
Should the Undersigned fail to pay the invoice in full within the first banking day following the auction (within 48 hours), fail to remove all purchased items by the date specified on the invoice, or fail to comply with any other term or condition of this Agreement, all items on the invoice shall be deemed abandoned. In such event, the Auctioneer may, at its sole discretion and without further notice, remove, dispose of, scrap or resell any or all such items through public or private sale.
The Undersigned agrees to reimburse the Auctioneer for any resulting deficiency and all associated costs, including removal, rent, storage, holdover fees and a $500.00 per diem administrative fee per item until each item is removed. The Undersigned further acknowledges that both parties have provided sufficient consideration to perform under this Agreement, and that failure to pay in full within the prescribed timeframe constitutes a default and consent to judgment — explicitly waiving any right to a court hearing. All related costs, including attorney's fees, court costs, investigative expenses and any other legal fees incurred in connection with enforcement or collection, shall be the responsibility of the Undersigned.
The Auctioneer is authorized to apply any previously collected deposits against outstanding deficiencies without further notice to the Purchaser. Time is of the essence with respect to both payment and item removal under this Agreement. The Purchaser further acknowledges that the Auctioneer will sustain monetary damages as a result of any item disposal necessitated by the Purchaser's default, and agrees to be responsible for all resulting deficiencies, costs and damages, known and unknown, incurred by the Auctioneer in enforcing this Agreement. All such deficiencies shall constitute a debt owed by the Undersigned.
In default of payment of invoices in full within the time specified, the Auctioneer, in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting successful Bidder.
All matters pertaining to the conduct and administration of the auction shall be governed exclusively by the Auctioneer. The Auctioneer's rulings on all such matters are final and binding upon all participating bidders. The record of sale kept by the Auctioneer and bookkeeper will be taken as final in the event of any dispute.
The Auctioneer retains the right, at its sole and absolute discretion, to combine, regroup, subdivide, add or remove lots, and to accept or reject any bid or group of bids for any reason. The Auctioneer reserves the right to alter the order of the sale, withdraw from the sale any of the Lots or parts thereof, or to sell at this sale Lots not listed. The Auctioneer also reserves the right to group one or more Lots into one or more selling Lots or to subdivide into two or more selling Lots, or make any combination thereof which the Auctioneer in its sole discretion determines.
The Auctioneer may, at its sole and absolute discretion, elect to offer any portion or the entirety of available items as a single bulk lot at any point during the auction. Whenever the best interest of the Seller will be served, the Auctioneer reserves the right to sell Lots in bulk.
Bidding increments are established and controlled exclusively by the Auctioneer. The Auctioneer may reject a nominal or fractional bid advance in the Auctioneer's sole discretion. The Auctioneer further reserves the right to bid on any Lot to protect any financial interest or outstanding obligation, at its sole and absolute discretion. On Lots upon which there is a reserve, the Auctioneer shall have the right to bid on behalf of the seller, owner or secured party and shall have no obligation to denote or announce such reserve or bid.
The Auctioneer reserves the right to supplement this auction with assets sourced from additional sellers. Such items may appear throughout the sale without separate identification or designation. The Auctioneer is acting as agent only and is not responsible for the acts of its principals.
Auction items and scheduled sales are subject to cancellation at any time and without advance notice.
If any dispute arises between two or more Bidders, the Auctioneer may decide the same or put the Lot up for sale again at once, or resell to the highest Bidder. All determinations, rulings, and adjustments made by the Auctioneer in good faith shall be final, binding, and conclusive upon all Bidders.
Where items are sold by estimated weight, count, or measure, the successful Bidder will be invoiced for and required to pay for the estimated weight, count, or measure. If upon delivery any shortage exists, the successful Bidder will receive a credit at the rate of the bid. If there be an excess, the successful Bidder will be required to take and pay for such excess at the rate of the bid.
AUCTIONEER DOES NOT WARRANT THAT THE ONLINE OR WEBCAST BIDDING PLATFORM, ANY ASSOCIATED SOFTWARE, OR ANY THIRD-PARTY TOOLS OR SERVICES USED IN CONNECTION WITH THE AUCTION WILL OPERATE IN A TIMELY, SECURE, UNINTERRUPTED OR ERROR-FREE MANNER, NOR THAT ANY DEFECTS WILL BE IDENTIFIED OR REMEDIED. THE AUCTIONEER RESERVES THE RIGHT TO ACCEPT, REJECT OR REMOVE ANY ELECTRONIC BID AT ANY TIME AND FOR ANY REASON, AT ITS ABSOLUTE SOLE DISCRETION. THE BIDDER ACKNOWLEDGES AND AGREES THAT ALL ELECTRONIC BIDS SUBMITTED ARE BINDING, REGARDLESS OF THE ORDER OR TIMING IN WHICH THEY ARE ACCEPTED OR REJECTED.
Persons attending during exhibition, sale, or removal of Lots assume all risks of damage of or loss to person and property and specifically release the Auctioneer from liability therefore and agree to indemnify and hold the Auctioneer harmless from any loss, claim, liability, cost, or expense caused all or in part by such person(s). Neither the Auctioneer nor its principals shall be liable by reason of any defect in or condition of the premises on which the exhibition, sale, or removal of Lots is held.
By registering as a Bidder and/or participating in any AssetBuilt, LLC auction, the Undersigned expressly consents to and authorizes AssetBuilt, LLC and its affiliates, agents, and marketing partners to collect, store, and use the Bidder's personal and business information — including but not limited to name, company name, contact information, bidding history, purchase history, and transaction data — for the following purposes:
1. Future business communications, including announcements of upcoming auctions, sales, and events;
2. Direct marketing, promotional materials, newsletters, and special offers from AssetBuilt, LLC;
3. Social media marketing and advertising, including but not limited to targeted advertising on platforms such as Facebook, Instagram, LinkedIn, YouTube, and other digital platforms;
4. Internal business analytics, market research, and statistical reporting for the purpose of improving AssetBuilt, LLC's services and operations;
5. Testimonials, success stories, and promotional case studies (without disclosure of confidential financial details unless separately authorized);
6. Third-party marketing partners and service providers engaged by AssetBuilt, LLC in connection with auction marketing and advertising activities; and
7. Any other lawful business purpose reasonably related to AssetBuilt, LLC's auction and asset liquidation services.
AssetBuilt, LLC will not sell the Bidder's personally identifiable information to unaffiliated third parties for their independent marketing use without the Bidder's separate consent. The Bidder may opt out of non-transactional marketing communications at any time by submitting a written request to AssetBuilt, LLC; however, such opt-out will not affect communications necessary to complete or administer any active transaction or auction participation. Participation in the auction constitutes acknowledgment and acceptance of this data use policy.
This Agreement shall be governed by and construed in accordance with the laws of the State of California. The parties agree that any legal action arising from the performance, breach or interpretation of this Agreement shall be venued in the agreed Forum City and State. In any such proceeding, the prevailing party shall be entitled to recover from the non-prevailing party all reasonable costs and expenses of litigation or arbitration, including attorney's fees, court costs, investigative costs and all other related expenses.
I acknowledge that I have provided AssetBuilt, LLC a signed instrument for which I am the fully authorized signatory, without restriction, in an amount sufficient to satisfy this negotiable obligation upon demand. I authorize AssetBuilt to obtain my financial information from any necessary source and to complete the instrument as required to reflect the full amount of my auction invoice at the time of presentment. I agree to pay all costs of collection, including attorney's fees, and to pay interest at a rate of 18% — or the highest rate permitted by applicable law — from the date of issuance if the instrument is dishonored by a financial institution. I waive any requirement of formal presentment and agree to submit to the exclusive jurisdiction established in the executed Auction Bidder's Agreement for any dispute related to this instrument. A credit instrument carries the same legal weight as a personal check. Knowingly issuing or passing a credit instrument against an account with insufficient funds, or with intent to defraud, constitutes a criminal offense and may result in prosecution.
These terms and conditions, together with any amendments or modifications announced by the Auctioneer at the time of sale, constitute the complete and exclusive agreement governing the sale of items at this auction. No additional representations, warranties, undertakings or collateral agreements exist beyond those expressly stated herein.
BY REGISTERING TO BID, SUBMITTING A BID, OR OTHERWISE PARTICIPATING IN ANY ASSETBUILT, LLC AUCTION — WHETHER IN PERSON, ONLINE, VIA WEBCAST, BY TELEPHONE, ABSENTEE BID, OR THROUGH ANY OTHER METHOD — THE BIDDER, PERSONALLY AND ON BEHALF OF THEIR COMPANY, CORPORATION OR ENTITY, CONCLUSIVELY AND IRREVOCABLY AGREES TO AND ACCEPTS ALL TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT IN THEIR ENTIRETY, WITHOUT EXCEPTION OR RESERVATION.
No physical signature is required for these Terms and Conditions to be legally binding and enforceable. The act of bidding — regardless of whether a bid is successful — constitutes the Bidder's full and unconditional acceptance of every provision contained herein, including all amendments, modifications, and announcements made by the Auctioneer before or during the auction. This implicit agreement is equally binding upon the individual Bidder and any company, corporation, partnership, or other legal entity on whose behalf the Bidder acts.
The Bidder acknowledges that they have had the opportunity to read and review these Terms and Conditions in full prior to bidding, that they have done so or have voluntarily chosen not to, and that their participation in the auction constitutes conclusive evidence of their agreement to be bound by these Terms and Conditions. Ignorance of any provision herein shall not constitute a defense to enforcement. These Terms and Conditions are available at www.assetbuilt.com and at the auction site, and the Auctioneer reserves the right to update or amend them at any time.
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