Subject to amendments and
modifications announced by the
Auctioneer at the
time of the auction, any
person participating in the
auction
shall be bound by
the following terms and
conditions:
1. A $25,000 deposit is required to participate in the "ENBLOC" bid (lot 1), A $10,000 deposit is required to participate in the "PRODUCT PATENTS (CANADIAN AND US)" bid (lot 2), for all other lots a minimum $1000 deposit is required at the time of registration.
This is a deposit of 25%, you will be required to give additional deposits if your bidding exceeds this percentage
The balance of the
purchase price must be paid in
full within the time period
herein provided in
the ?Event Specific Terms &
Conditions?. All payments
shall
be by way of cash,
Interac, Visa, Mastercard,
certified cheque, bank draft,
wire transfer, or
company cheque with a Bank
Letter of Guarantee. Deposits
on
account of
purchases may be made in
advance of the auction and the
balance thereof
will be refunded immediately
after the auction. Additional
items have been
added to the sale. The
Auctioneer reserves the right
to put
articles back up for
auction if deposit is not
received at or before time of
sale.
2. Sales taxes arising on
a sale shall be paid to the
Auctioneer 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.
3. All articles will be
sold to the highest bidder
conforming to the bid
process, provided that the
Auctioneer reserves the right
to
sell articles by
individual, group lots and "EN
BLOC" as he deems
appropriate. Auctioneer
reserves the right to sell on
behalf of third parties, it's
own account or on the
account of others. Should any
dispute arise between two or
more bidders or
as to any bid, the lot in
question may, at the
Auctioneer's
discretion, be
immediately put up again and
resold. The Auctioneer shall
regulate all matters
relating to the conduct of the
auction and his decision
shall be final and
binding on all bidders.
4. Auctioneer reserves
the right to sell subject to
reserve and to purchase
for it's own account and or
for the account of others,
whether by verbal or
written proxy, all subject to
prior sale.
5. All sales shall be
concluded on the fall of the
hammer or as indicated by
the Auctioneer and no
purchaser may thereafter
revoke his
bid. Title to the
lots purchased shall not pass
until payment in full of the
purchase price is
received.
6. ALL SALES ARE FINAL,
ON AN "AS IS - WHERE IS", "IN
PLACE", "WITH ALL
FAULTS" BASIS WITH NO
CONDITIONS OR WARRANTIES.
WHETHER
EXPRESS,
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 BY
REASON OF
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.
PLEASE
INSPECT ALL ITEMS BEFORE
BIDDING. PURCHASERS SHALL BE
DEEMED
TO HAVE
RELIED ENTIRELY UPON ITS OWN
INSPECTION AND INVESTIGATIONS.
7. No article shall be
removed unless paid for in
full
and all articles
purchased shall be removed
within the time period herein
provided in the
?Event Specific Terms &
Conditions?. 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. Please
refer
to the ?Removal
Terms & Conditions? herein
provided.
8. Where available
documents of transfer,
including
motor vehicle
ownership documents, which are
in the possession of the
Auctioneer, will
provide to the purchaser
within seven days following
the
auction or as soon
thereafter as such documents
are available.
9. If the Auctioneer is
unable to deliver an article
sold to a purchaser due to
fire, theft or any other
reason whatsoever, the
Auctioneer
shall reimburse the
purchaser for all monies paid
to the Auctioneer in respect
of the article and
the Auctioneer shall have no
further liability to the
purchaser arising from or
relating to such loss,
including without limitation
any
damages or loss profits.
10. The Auctioneer
reserves the right to refuse
any
applicant the privilege of
bidding or attending at the
auction and may revoke such
privilege at any
time.
11. Time shall be of the
essence. If a purchaser fails
to make payment or
remove goods within the time
periods herein provided in the
?Event Specific
Terms & Conditions?, the
Auctioneer may resell the
article
purchased by
auction, private contract or
otherwise, as the Auctioneer
in
his discretion
deems advisable, 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 cent
per annum), legal fees,
removing and storage
(a minimum rate of $2.00 sq ft
per month) and commissions,
incurred in such
resale.
12. No purchaser may
assign, transfer or dispose of
his
rights in any article
purchased before he has paid
the purchase price in full.

These terms and conditions
together with any amendments
or
modifications
expressly made by the
Auctioneer at the time of the
auction
constitute all the
terms and conditions with
respect to the sale of the
articles at this auction.
There are no representations,
warranties, terms, conditions,
undertakings, or
collateral agreements except
as hereinabove provided.