Terms & Conditions
Template — last updated: [DATE]
This is a starting template, not legal advice. Have a qualified lawyer in your jurisdiction review and complete it before you go live. Bracketed text marks what to fill in.
1. Who we are
These terms govern the auction platform operated by [REGISTERED COMPANY NAME], [COMPANY NUMBER], registered at [ADDRESS] ("we", "us"). By registering you agree to them.
2. Eligibility and registration
You must be at least 18 and legally able to enter contracts. You agree to give accurate registration details and genuine identity or company documents. We may approve or decline any registration at our discretion, and may suspend accounts that breach these terms.
3. Verification
Access to lots and bidding is granted only after we have verified your submitted documents. We may request further information. Approval does not transfer any ownership or guarantee availability of any lot.
4. Bidding
All bids are binding offers to purchase at the bid amount. You may not retract a bid. Each lot has a starting price, a bid increment, an end time and, where stated, a confidential reserve. A bid placed within the anti-snipe window extends the lot's end time. The highest valid bid at close wins, subject to any reserve being met.
5. Reserves
Some lots carry a reserve. If the reserve is not met, the lot may not sell and we are not obliged to complete a sale.
6. Winning, payment and collection
The winning bidder must complete payment within [X] days by [ACCEPTED METHODS]. Buyer's premium of [X%] and applicable taxes [apply/do not apply]. Collection is the buyer's responsibility within [X] days from [LOCATION], unless otherwise agreed. Risk passes on [payment/collection].
7. Condition of machinery
Lots are generally sold as-is, where-is. Descriptions and specifications are provided in good faith but [state warranty position]. Buyers are encouraged to inspect or ask questions before bidding.
8. Fees and cancellation
[State any fees, non-payment consequences, cancellation and dispute process.]
9. Liability
[State limitations of liability as advised by your lawyer, consistent with local consumer law.]
10. Data protection
We process personal data, including identity documents, as described in our Privacy Policy.
11. Governing law
These terms are governed by the laws of [JURISDICTION], and disputes are subject to its courts.
12. Contact
Questions about these terms: [EMAIL].