Terms

Guaranty/Warranty. All assets offered on Theauctioncompany.com are offered AS IS, WHERE IS by the Seller. Seller and The Auction Company make no warranty or guarantee of any kind, expressed or implied, as to fitness for any purpose of the property offered for sale. The Buyer is not entitled to any monetary damages for items purchased. Buyer will bid on items as if he/she has personally inspected them and is in no way relying on descriptions by the Seller or The Auction Company to influence their bidding.

Injury/Damages. Anyone attending the preview or removal periods does so at their own risk. Attendees will hold harmless the Sellers, The Auction Company, and their staff for any injury to those in their party or damage of goods purchased.

Inspection. It is highly recommended that potential buyers inspect the items before bidding. Most assets offered for sale are used and may contain defects not immediately detectable. Items may be inspected only on the posted inspection dates and times. Dates and times may be found on the individual auction's main page. Attendees agree to rectify and repay the Seller for any damages that may occur to assets, or property on the site that the attendee may cause.

Bid Cancellation. The Auction Company and the Seller reserves the right to reject any and all bids and to remove from sale any of the items listed. All bids are final. Use extreme caution as buyers may NOT retract bids once confirmed through The Auction Company.

ERRANT BIDS. Buyer agrees to be liable for any and all bidding mistakes on The Auction Company platform. Should a major entry error occur, Buyer must notify The Auction Company immediately by email at auctioneersoftware.com and provide which auction, their buyer number, and the errant gross bid. There is a $10. FEE FOR FIXING EACH ERRANT BID and that fee will be charged to your credit card at the end of the auction. This is for EACH BID CHANGED! The buyer that registered to bid understands and hereby agrees that they are solely responsible for the bidding that takes place under their logged-in device and agrees to pay this fee along with the items purchased under the registrant's buyer number. Should the Registered Bidder be outbid, with no high bids, the Registered Bidder allows The Auction Company to bill their credit card $10. for each incident of fixing the errant bids. If this happens during the auction closing, call The Auction Company immediately at (555)555-5555 so that the error can be fixed before the item closes. There is no guarantee that The Auction Company can fix the errant bid before the item closes. Buyer agrees to pay for ALL items that they win!

Halting, Rescheduling, Canceling Auction. Although rare, the Seller or The Auction Company may Halt, Reschedule, or Cancel an auction for any reason. Should an auction be halted, the Buyer agrees to be bound by their bid until the auction is completed. If an auction is rescheduled, the Buyer agrees to be bound by their bid until the auction is completed. If an auction is canceled, The Auction Company will cancel all bids, and the Buyer is released from their bidding contract.

Auction Platform and Entry Errors. Users of this platform agree to hold harmless The Auction Company, the Seller, and Third-Party Sellers, for any and all errors due to mis-entered information, internet connectivity, server failure, date/time changes to any auction, and any errors that could result from the use of this bidding platform. The Auction Company may halt an auction to make necessary changes.

Bidding Process. Most auctions utilize a “soft close”. Starting at the close time of the auction, items will begin closing with a group of items each minute until all items are sold. Should recent bidding take place before an item closes, that item will extend up to 3 more minutes until there is no more bidding activity. Items will continue closing in order while the extended items remain open for bidding. The Auction Company allows you to raise your own bid. If you are the high bidder and want to increase your maximum bid, DO NOT put anything in the first bidding box. Use the Max Bid Box only on the right!

Invoices. Successful bidders will receive an invoice (containing all purchases) via the email that was used in the registration within 24 hours of the auction closing. Before the auction closes, Buyers MUST have a valid credit card on file that will absorb the charges for each auction. All payments are due via credit card at the closing of the auction unless specific arrangements have been made with The Auction Company. No Exceptions.

Buyers Premium. An additional 10% buyers premium will be charged to all purchases at the end of the auction and will be shown on the invoice as an extra charge to the assets purchased.

Payments. Payment in full will be charged to the credit card on file within 24 hours of the auction closing. If a buyer chooses to use PayPal instead of the credit card on file, Buyer must contact The Auction Company in writing via email at: theauctioncompany.com, and must include the Name and Date of Auction, Buyer Number, and their EXACT PayPal email address.
Invoices with tax and premium above $10,000. must be paid by certified funds within 48 hours of the auction closing. Certified Checks shall be made payable to: The Auction Company and must be brought to the pickup site listed on the auction, or mailed to: The Auction Company, 3380 Fairlanes, Grandville, MI. The Auction Company will specify if check should be brought to site or mailed.

Removal. Buyers agree to remove their purchases in accordance to the dates and times posted on the specific auction's homepage unless otherwise notified in writing of a different date. No Exceptions. Buyer must bring a “Paid In Full” receipt to the site with their ID to receive their items. Buyer is responsible for loading and removal of any and all assets on their invoice. Buyer agrees to bring their own tools and assistance to remove any asset. The Buyer will make all arrangements and perform all work necessary, including packing, loading and transportation of their items. Under no circumstances will The Auction Company staff or Seller assume responsibility for packing, loading or shipping. Items not retrieved by during the removal period will be considered forfeited without refund. Unpaid items that are left on site outside of the removal dates and times will incur a $20. per day fee per invoice. If a buyer purchases and pays for an item, and abandons it, Buyer will not be given a refund and agrees to pay The Auction Company the removal cost plus 20%.

Vehicle Titles. The Auction Company will arrange the meeting between the buyer and seller to exchange and notarize any titled asset. The Auction Company does not guarantee or warranty the title in any way. All arrangements regarding title must be performed directly with the Seller.

Termination of Use. Any buyer that The Auction Company or the Seller deems unfit to bid for any reason may result in termination of bidding privileges not limited to but including: (1) failure to abide by all terms and conditions set forth by The Auction Company; (2) payment failure for any reason; and (3) failure to remove all items within the specified time listed on each auction. Buyer may not participate in any auction on The Auction Company  online auction platform until the amount in default has been paid in full. The Seller may exercise legal action against the buyer for violation of terms agreed to in this contract. Buyer allows the Seller to reclaim and resell all items not removed in the agreed date and time without refund to buyer.

Acceptance of Terms and Conditions. By placing a bid on TheAuctionCompany.com, the bidder agrees that they have read, fully understand and accept these Terms and Conditions, and agree to pay for and remove the assets, if the bid is accepted, by the dates and times specified.

State/Local Sales and/or Use Tax. Buyers may be subject to payment of State and/or local sales and/or use tax. Buyers are responsible for contacting the appropriate tax office, completing any forms, and paying any taxes that may be imposed. By bidding on items on The Auction Company online auction site, the buyer agrees to pay sales tax for any purchase made that the State deems taxable for any and all items purchased through this site, past or present. Exempt Buyers must email a signed exemption form to: TheAuctionCompany.com.

Who May Bid? All auctions on The Auction Company online auction site are open to the public. Anyone who agrees to abide by the terms and conditions of this agreement may register to bid. This includes the Sellers and their employees, The Auction Company and their employees, Third Party Auction Companies using this platform and their employees, Administrators, Family Members, Trustees, Superintendents, and Board Members.