Terms of Sale
Set forth below are the terms and conditions (the “Terms”) that shall apply to every bid or purchase by any party (“Buyer” or “Bidder”) either directly from New Mill Capital Holdings, LLC (“NMC”) as an owner of any item, goods, fixtures or real property, or in a transaction (“Transaction”) in which NMC serves as broker, agent, liquidator or auctioneer for any third party owner. The Terms apply to every transaction, including without limitation, public auctions conducted by NMC or conducted by its partner companies and direct purchases by Buyer of any item either before, after or independent of any public auction.
Terms and Conditions
All machinery, equipment, merchandise and other items (the “Goods”) are sold on an “AS IS/WHERE IS” basis with no warranties or representations whatsoever, either express or implied. Neither NMC, the consignor or anyone acting on their behalf, make any warranties or representations of any kind or nature with respect to the property, its condition, or its value, and in no event shall they be responsible for correctness of description, genuineness, attribution, provenance, title, chain of title, authenticity, authorship and completeness. Prospective Bidders are strongly urged to contact NMC directly for detailed information regarding any lot and to conduct their own inspection of the lots through private or open inspection dates made available to all prospective Bidders. No statement (oral or written), including any catalog description, at any auction, or elsewhere shall be deemed such a warranty or representation, or any assumption of responsibility of any kind or nature, whatsoever. Prospective Bidders are strongly urged to contact NMC directly for detailed information regarding any lot. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ANY AND ALL WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE OR MERCHANTABILITY OF GOODS ARE EXPRESSLY DISCLAIMED.
Registration. Buyers must register as Bidders prior to bidding at any auction sale. All Bidders must provide their name, company (if applicable), mailing address and phone number prior to the auction. Bidders are required to deposit with NMC a valid Visa or MasterCard to secure its obligations hereunder. Electronic Bidders are required to provide a valid email address and Visa or MasterCard number, together with security code. In its sole discretion, NMC may charge Bidders a registration fee for electronic bidding. This registration fee will be clearly displayed during the registration process.
Deposits. NMC requires a non-refundable deposit of not less than twenty five percent (25%) of the Buyer’s TOTAL PURCHASE PRICE by the end of sale day – with the balance due by the end of the next business day. The non-refundable deposit can be in the form of cash, a cashier’s check, or business check with a bank letter of guarantee or, at NMC’s option, by way of a charge to the credit card referred to in Paragraph 2, above. For Electronic Bidders, at its discretion, NMC may contact Bidders via email or telephone before or during the sale to require a bank letter of guarantee or wire transfer as a deposit. If NMC does not receive a response from its attempts to contact Buyer or if the Buyer does not provide a deposit, NMC reserves the right refuse or cancel Buyer’s bids and re-sell Goods. On-line Buyers shall effect payment in full no later than twenty-four (24) hours after receiving an invoice from NMC.