Cylindrical Square

1. IDENTIFICATION: All purchasers are required to give a full name and address. Machinery Works, Inc., at its sole discretion, may deny registration to any person or entity.

2. RESERVE: All assets in the auction shall be sold to the highest bidder. Some items may be auctioned with minimum reserve prices, and/or subject to the sellers right of confirmation. On lots with a reserve the auctioneer reserves the right to bid on behalf of the seller. Machinery Works, Inc reserves the right to reject any bid that is only a minimal increase over the previous bid.

3. PAYMENT: All bills must be paid in full within the time announced by the auctioneer. Bills must be settled before any items are removed. NO EXCEPTIONS.

4. REMOVAL: No lot can be removed during the sale. All removal shall be at the expense, liability and risk of the purchaser, including disconnecting of utilities. If the purchaser does not remove an item within the announced check-out period, Machinery Works, Inc. and the seller may, at their sole discretion, deem the item to have been abandoned by the purchaser and the purchaser will have no further rights with respect to the item. Notwithstanding the foregoing, Machinery Works, Inc. and the seller reserve the right to charge the purchaser for the costs of storage beyond the checkout period, and/or such said items may be resold at public or private sale, without notice, with all deficiencies and expenses charged to the defaulting purchaser.

5. PAYMENT: Hoff Online Auctions accepts the following methods of payment: cash, cashiers check, credit cards, or wire transfers. Personal and Business Check are accepted, however Machinery Works, Inc. reserves the right to require a bank Letter of Guarantee, Guaranteeing Payment in Full, without condition upon Demand. Credit Card purchases over $1000.00 are subject to a 3 % handling charge.

6. CONDITION OF LOTS: Bidders shall examine or inspect items prior to the day of the auction. ALL ITEMS ARE SOLD AS IS, WHERE IS AND WITH ALL FAULTS. NEITHER SELLER NOR Machinery Works, Inc. MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO THE NATURE, QUALITY, VALUE OR CONDITION OF ANY ASSET. Machinery Works, Inc. AND SELLER EXPRESSLY DISCLAIM ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. No allowance will be made for errors in cataloging, genuineness, defects, or imperfections not noted.

7. INDEMNIFICATION: Purchaser agrees to indemnify and hold harmless both Owner and Machinery Works, Inc. from and against all claims and liabilities resulting from assets sold, including but not limited to: proximate or consequential damages, failure to comply with local, state or federal laws, and cost or legal expenses arising there from.

8. CLAIMS: No claims will be allowed after the said item has been removed from the premises.

9. NON-DELIVERY: Neither owner or Machinery Works, Inc. shall be liable for non-delivery to any purchaser of any lot, other than for the return to the purchaser the sum paid on said lots should the purchaser be entitled thereto.

10. COMPLIANCE WITH TERMS: By obtaining a bidding number, each bidder represents and irrefutably warrants they shall not misrepresent their ability to close the transaction pursuant to the terms and conditions of sale. Any bid they make on an item constitutes an irrevocable offer to buy the item for the full amount of the bid. If bidder fails to make payment of bills in full, by the specified time, the auctioneer may retain all monies received as deposits or otherwise as liquidation damages. Immediate notification is required if a mistake is made in bidding, Buyer may still be held responsible for the bid.

11. DANGEROUS AUCTION SITE: Bidders acknowledge that an auction site is a potentially dangerous place. Every person enters the auction site at his or her own risk with notice of the condition of the premises and the activities that will be or have been conducted on the premises. Persons attending during preview, sale or removal assume all risks of injury, damage or loss of property and specifically release the auctioneer from liability.

12. ADDITIONS OR WITHDRAWALS: Machinery Works, Inc. may, in its discretion, offer the assets for sale by the piece or by the lot, or in any manner that best serves the interest of the seller. The seller has the right to add assets before the bidding, or remove assets from the auction either before or after bidding has been completed. In the event of a removal after bidding has been completed, the purchasers sole remedy shall be the refund of any purchase price actually paid

13. FALSE BIDS: If the high bidder fails to complete the transaction Machinery Works, Inc. reserves the right to dispose of the asset in the best interests of the seller. Any High Bidder that fails to complete a transaction will be held responsible for all damages resulting from that action.

14. RECORD: The record kept by Machinery Works, Inc. will be taken as final in the event of any dispute.

15. AGENCY: Machinery Works, Inc. is acting only as an agent and is not responsible for the actions of the principals.

16. EXPORT: Purchaser agrees to comply with all applicable US export laws, and acknowledge that Machinery Works, Inc. is not the exporter of any items. Certain items offered at the auction may constitute Restricted Technology. Under federal law, such items cannot be shipped outside of the United States. Machinery Works, Inc. makes no representation or warranty concerning, and has conducted no investigation to ascertain which items, if any, constitute Restricted Technology.

17. MISPRINTS: Machinery Works, Inc. relies on information about assets in the auction provided by the seller and undertakes no investigation of that information. Machinery Works, Inc. shall not be responsible for the correct description, genuineness, authenticity of, or defect in any lot, and makes no warranty therewith. Machinery Works, Inc. will announce any additions to or deletions from the catalog on the day of the auction. The auctioneer assumes no responsibility for, and makes no representations or warranties concerning, descriptions of assets contained in marketing materials for the auction. It is the bidders obligation to verify such descriptions prior to the auction.

18. COSTS OF COLLECTION. Machinery Works, Inc. shall be entitled to collect all damages, costs and expenses incurred in connection with collection of any amounts owed to Machinery Works, Inc. by Purchaser, including without limitation any attorneys' fees.

19. DISPUTES.  Purchaser agrees that the purchase from Machinery Works, Inc. occurs in Wisconsin. Any disputes between Machinery Works, Inc. and Purchaser shall be governed by the laws of the State of Wisconsin without regard to the provisions thereof which concern conflicts of laws. Purchaser agrees that any controversy arising between the Purchaser and Machinery Works, Inc. shall be litigated exclusively in Wisconsin.  The state and federal courts and authorities with jurisdiction in Minnesota shall have exclusive jurisdiction over all controversies which shall arise between Machinery Works, Inc. and Purchaser.  Purchaser irrevocably consents to service, jurisdiction, and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, residence or otherwise.

20. WAIVER OF JURY TRIAL.  Purchaser hereby knowingly, voluntarily, and irrevocably waives any and all right to a trial by jury in any legal proceeding arising out of or relating to these terms.

21. ENTIRE AGREEMENT. These Terms and Conditions contain the entire understanding of the parties hereto with respect to the subject matter addressed herein and supersede all prior agreements, discussions, negotiations and understandings between the parties hereto with respect to such subject matter.

22. CONTRACT MOVERS: Any type of outside contractors, including riggers and machinery movers, will not be allowed to work on the auction premises until they have provided Machinery Works, Inc. proper insurance, protecting Machinery Works, Inc., the seller and the landlord from all and any claims resulting from their actions.

23. MALFUNCTION: ANY Malfunction, Shutdown or Temporary loss of Service involving bidding for Items may render the results of the auction Void. In such an event Machinery Works, Inc. reserves the right to remedy the situation in whatever way best represents the seller, including canceling the existing bids.

24. CREDIT CARD INFORMATION:  Machinery Works, Inc. reserves the right to charge your credit card for the full amount of your winning lot(s) plus any applicable sales tax and/or Buyers Premium if you have not made payment to Hoff Online Auctions on or before the final day of the auction checkout.  Credit Card purchases over $1000.00 are subject to a handling charge.