Terms

Buyer's Premium
15.00%
NOTE: YOU MUST USE OUR NEW SCHEDULER TO RESERVE A PICKUP TIME, NO EXCEPTIONS ON THIS. This will be available at the top of the invoicing page after you win. WE WILL NOT HONOR / LOAD ANYONE WHO HAS NOT MADE APPOINTMENT.

GENERAL TERMS AND CONDITIONS FOR L.S. Enterprise

THIS IS AN ONLINE ONLY AUCTION BOUND BY ALL LEGAL RIGHTS AND REMEDIES IN THE STATE IN WHICH THE AUCTION OCCURS.

DO NOT BID IF YOU CANNOT AGREE TO THE TERMS OF THIS CONTRACT OR ARE NOT ABLE TO PAY AND PICK UP YOUR ITEMS WITHIN THE SPECIFIED TERMS OF EACH AUCTION.

AUCTION CLOSING DATE:

The auction will close according to the terms listed specifically within each auction. Any terms or conditions listed for a specific auction will supersede those listed within the general terms in this agreement. Along with closing date and time, item inspection, location and removal times will also be listed for that specific auction.



BUYERS PREMIUM/SALES TAX:

A fifteen percent (15%) buyer’s premium will be added to each purchase. If you bid $100.00, at checkout you will be charged $115.00. If sales tax it to be collected per state guidelines, it will be at the amount of purchase, plus buyer’s premium. If you are tax exempt, it is your responsibility to contact us BEFORE you pay, or your card is ran to make sure we have proper paperwork.

PAYMENT:

Invoice must be paid prior to removal of items. Payment must be made prior to, and a *Paid in Full* invoice must be presented when picking up. Regardless of pick-up location, all payment arrangements must be made by the end of the pick-up time stated. Business days are Monday-Friday. If invoice payment arrangements are not made by this time, you authorize your credit card on file to be charged for total amount plus a $25.00 late payment fee. No late fees will be removed from an invoice once they are added. It is your responsibility as the buyer to check your dashboard for invoices after each sale has closed. Accepted forms of payment include Visa, MasterCard, American Express and Discover. A valid credit card must be kept on file with Equip-Bid at all times.

L.S. Enterprise has the right to submit an authorization from time to time to ensure the credit card is valid. If the card becomes invalid, Equip-Bid will disable your bidding rights and they will not be reinstated until a valid credit card is provided.

SECURITY POLICY:

Your payment and personal information is always safe. Our Secure Sockets Layer (SSL) software is the industry standard and among the best software available today for secure commerce transactions. It encrypts all of your personal information, including credit card number, name, and address, so that it cannot be read over the internet.



REMOVAL:

Once an auction has ended, the items become the property of the winning bidder (buyer). Buyer assumes all risk of loss and damage to property from that point forward including at the premises of the sale. The removal date and time will be posted on the terms for each individual auction. REMOVAL TIMES ARE ABSOLUTE and IF YOU CAN NOT REMOVE YOUR ITEMS DURING SCHEDULED PICK-UP TIMES, DO NOT BID! Failure to remove purchased items during time allotted pick-up time will result in a storage fee of $20.00 per day per invoice. Items remaining at sale location after 2 days will be considered abandoned. Ownership of item will then revert to party with primary vested interest in the item to sell or dispose of item as it sees fit. Any funds paid shall be forfeited to satisfy terms of sale. The buyer agrees to pay all deficiencies, legal, collection and other fees including transportation and storage expenses associated with delinquent accounts or abandoned/forfeited items. Premiums and fees remain applicable.

BID NOTIFICATION:

If you have been outbid you will be notified by email ONLY until the day before the auction ends. The email outbid notifications will not be sent for an auction beginning at midnight (EST) on the day of the auction ending. To quickly review your bids and see if you are the winning bidder, you can utilize your dashboard, and Review Bids feature. Items which you have been outbid on will be marked.

WINNING BIDDER NOTIFICATION:

Notification of items won will be sent to you ONLY by email. It is the buyers responsibility to check your email (it may be necessary to check junk/spam email folder.) We can not control delivery quality with every email server, so you need to check your “invoice” list from your dashboard.

CAUTION TO THE BIDDER:

For demonstration purposes, various pieces of equipment may be joined together. Do not assume a lot consists of more than one item simply because they are connected in a photo. You are bidding on the item as it is described and not the item in the photo. L.S. Enterprise makes an effort to ensure the descriptions are accurate and the photos match as well. However, an error can occur in the listing and in that case it will be the description and not the photo that will be the item won. If you feel there is a discrepancy or error between a listing and a photo, contact L.S. Enterprise for clarification and notification of error.

L.S. Enterprise will do our best to describe the item to the best of our ability. However L.S. Enterprise are not experts on the items listed. L.S. Enterprise will also identify any damage, chips or cracks if we observe it.

It is the BUYERS responsibility to do their research on the items prior to bidding. We encourage you to come to the preview to look at the items prior to the auction close. Please email or contact the auction managers if you have any questions.



WARRANTY & CONDITIONS OF ITEMS SOLD:

All items are sold AS IS, WHERE IS, with NO WARRANTY expressed or implied by the lot number affixed to the item. This sale is to the business community as equipment and inventory without any implied or expressed warranty. Descriptions are believed to be accurate but not guaranteed. When not certain of the condition or use of an item, please bid accordingly and utilize inspection times.



CHOOSE WISELY:

We want everyone to get a good deal, and most will. However, when you bid on the wrong item or decide an item is not suited for your intended use, our clients are not willing to assume the cost of your mistake. Once bidding ends, the item is contractually sold to the highest bidder and that item is the buyers property. When in doubt about condition, completeness or suitability for intended use, please bid accordingly. L.S. Enterprise reserves the right to add or remove items from an auction, split or combine lots, add minimum bids or reserve prices, cancel, suspend, extend or reschedule an item and/or auction event, and make changes to the auction closing, inspection, or removal times. Any controversy or claim arising out of or relating to this contract and/or agreement, or breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgments upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.

LIABILITY:

L.S. Enterprise and Sellers liability shall be limited to the refund of bidder’s purchase price.

LIMITATIONS:

The above-stated Terms and Conditions for L.S. Enterprise cannot be altered except in writing by L.S. Enterprise

Save and use these terms as the default for future auctions.