Sale Terms and Important Information

Terms and Conditions

1. All Bidders and attendees of this auction sale agree that they have read and fully understand the Terms and Conditions of this auction sale.

2. All Bidders are requested to give their full company name, address, phone number, and signature.

3. Each  Buyer outside the United States  is required a minimum deposit of 25% by cash, certified check, or wire transfer; accompanied with a Letter of Guarantee by their bank, by Wire Transfer 24 Hours prior to biding. No personal or company checks will be accepted. All purchases must be paid in full before removal of any items.

All on line Buyers are required to be paid in full prior to pick up. Also you are required to pay within two business days after close of the auction. 

4. No items will be removed during the auction.

5.HST to be determined depending on your province.

6.All live attendee's will have to sign an idemnification waver when entering site. all must be properly dressed with closed toe shoes for liability reasons. no open toes will be permitted men or woman. no one under 12 years of age will be permitted on site.all removal of items will be monitered by auction personell. 

7. All items must be removed by the time and date stated or they will be resold. Any funds deposited will be retained by the auctioneer as liquidated damages without further notice being given. All items to be removed by Wednesday, July 29, 2020 end of business day. All items not picked up by then will be forfieted.

8. A Buyers Premium of 18% will be charged at this sale.

9. Sales Tax will be added to the buyer’s bill where applicable if the Buyer claims exemption they must supply the Buyer’s sales tax license.

10. The Auctioneer or Owner makes no warranties as to descriptions or usefulness of the items purchased. The Buyer accepts all faults and that all items are bought “As Is, Where Is” and with all faults and no Warranties of Marketability or Use.

11.The Auctioneer reserves the right to group and sub-divide lots. The Auctioneer may withdraw any item from the sale and may bid on behalf of the Owner. The Auctioneer may withdraw any item from the auction if the Auctioneer deems that a bid is not commensurate with the value of said item. The Auctioneer reserves the right to remove any items from the sale at anytime with out prior motice.

12. Disputes: Any disputes between purchasers will be decided by the Auctioneer whose decision will be Final.

13. Abandonment: The Buyer shall be liable for all expenses for the removal of abandoned items by the Buyer. After Wednesday July 29th, 2020, end of business day, items will be considered abandoned unless arrangements have been made with auctioneer.

12. Removal by a Third Party: The Buyer must issue a release to the third party with a copy to the Auctioneer. All Rigging companies must have proper insurance on file with the auctioneer prior to removal or entry into the building

13. Claims: No claims will be allowed after removal of said property.

14. The auctioneer is not responsible for equipment removed by a third party.The auctioneer or its representatives do not have the proper loading tools. Loading is ther responsibility of the Purchaser.

15. Disputes: The record kept by the Auctioneer will be final in the event of a dispute.

16. Riggers: Riggers must give the Auctioneer a copy of his insurance covering Workman’s Compensation and liability in the amount of $1,000,000 or more. All areas must be left clean. No abandonment.

17. No power equipment will be allowed without a certificate of insurance covering Workman’s Compensation and liability in the amount of $1,000,000 or more provided to the Auctioneer.

18. The Auctioneer may ask any person interfering with the auction to leave the premises without further notice or explanation.

19. Inspection is June 23 & 24, 2020 from 9:00 to 4:00 CST. Pick up will begin January 28, 2019. There will be no pick up on Weekends.All items must be removed by July 29, 2020. 

20. All items must be paid in full no later than June 29th, 2020 and prior pick up.

21.Auctioneeer has the final say on all disputes. 

All Payments to be made to:

UPM, LLC
1955 Hilton Road
Ferndale, MI 48220
WIRE TRANSFER INFO:
Flagstar Bank

DOMESTIC BANKS:

Wire Funds To:
Flagstar Bank
5151 CORPORATE DR
TROY MI 48098
Routing No: 272471852
UPM, LLC
Account No: 117683244
SWIFT Code: WFBIUS6S

FOREIGN BANKS Please use the following:

International SWIFT Code - FLGSUS33