Terms & Conditions by DAAN's Alliance Partner, Corprate Stock Solutions Ltd, UK.

• 1. Auction services

  Corporate Stock Solutions Ltd trading as Corporate Auctions (hereafter called Corporate Auctions) website (the site) facilitates an exciting and convenient way (“the Services”) to buy and sell goods over the Internet. Corporate Auctions provide an online auction facility vehicle through which traders ("the Seller") can sell and customers (Buyers) can buy goods (“the Goods”). Please read these terms carefully as use of the Services constitutes your acceptance of these terms. Corporate Auctions reserve the right to update these terms at any time by displaying amended terms on www.corporateauctions.co.uk. You will be deemed to have agreed to the amended terms when you next use the Services following any amendment. However, the terms current as at the start of a particular transaction will apply until that transaction is completed.

• 2. Corporate Auctions role

  • The site is a place for sellers to auction and sell goods and for customers to bid for and buy them. Corporate Auctions:
    • (a) make no assurances, guarantees or representations, save as set out in these terms; and
    • (b) shall not be liable for any breach of any term or condition, express or implied, as to the condition, quality or fitness of any product sold on the site.

• 3. Account Creation

  • 3.1 Buyers are to sign up with Corporate Auctions by completing the account sign-up form at www.corporateauctions.co.uk and submitting it. Only adults (i.e. those aged 18 and over) are entitled to use the Services. If registering as a Seller you must represent a business. Any other individuals, who are under 18 or who are otherwise unable to form legally binding contracts, or who are not representing a business (Sellers only), are prohibited from using the Services. If you do not qualify, do not use the Services. By signing up you are making a statement, upon which Corporate Auctions is entitled to rely, that you are:
    • (a) aged 18 years or older;
    • (b) capable of forming a legally binding contract;
    • (c) representing a business (Sellers only); and
    • (d) have authority to contract on behalf of the business which you represent (Sellers only).
  • 3.2 As part of the sign-up process, we shall require you to provide us with the details of a valid credit and / or debit card from which you hereby agree we shall be entitled to make available these details to the Seller running the auction in which you have registered to bid. You hereby agree that the Seller may reserve the right to debit any payment due from you in accordance with these terms (“Card On File”) and, where indicated, in accordance with their own terms and conditions. You shall ensure that the Card On File details which you provide to us are kept up to date. You agree only to disclose to us your own credit and / or debit card details, or those of your business, and not the credit and / or debit card details of any other person or business whatsoever unless you have express written permission to do so from such person or business.
  • 3.3 On occasions certain individuals and members may be refused access to the Services. Such suspensions shall be within our sole discretion.

• 4. Information you provide

  • 4.1 You grant to Corporate Auctions us a non-exclusive, world-wide, perpetual, irrevocable, royalty-free licence to use any information you from time-to-time provide to us and / or other users of our Services, for example, during the registration, listing or bidding process.
  • 4.2 You agree that such information shall be correct, shall not infringe any third party's rights, shall not contain any viruses or other malicious computer programming routines and shall not link to any other websites. Without limitation to the foregoing, you agree that all information you provide shall be accurate and complete and all registration details shall contain your correct name, address, credit and / or debit card number and other requested details.

• 5. Security

  • 5.1 You are solely responsible in all respects for all use and protection of the confidentiality of any email verification number and password which may be given to or selected by you for use on the site. You may not share these with or transfer them to any third parties. You must immediately notify us of any unauthorised use of them or any other breach of security regarding the Services.
  • 5.2 We use third party services to secure and protect your credit and / or debit card information and assist your shopping experience. However, any losses incurred or sustained by you in transmitting information shall be borne solely and exclusively by you and in no event shall any such losses, in whole or in part, be borne by us. If you are using a public computer, we recommend that you sign out when you have finished shopping.

• 6. Availability of site

  While we will use all reasonable endeavours to make our Services and website available, we cannot guarantee that they will operate continuously or without interruptions. This could affect bidding or other aspects of an auction or sale. No liability to buyers or sellers is accepted by Corporate Auctions in the event of interruption to the bidding process due to failure of its website operations.

• 7. General rules governing bidding and buying

  • 7.1 To use and rely on our Services, all participants must understand their obligations to other users of our Services. If you are the highest bidder after an auction has closed and your bid is accepted by the Seller, you must complete the transaction.
  • 7.2 Sellers are entitled to set applicable minimum bid or reserve requirements and are entitled to change these during the auction period. You may not retract a bid except in exceptional circumstances, for example where the Listing Information has been materially changed.
  • 7.3 Your placing of a bid entitles the Seller and their client(s) to rely on your bid and as a result you warrant and undertake that you have the legal right to make such a bid and to enter into any such transaction.
  • 7.4 If you bid for an item on the site, you acknowledge and agree that if you have placed the highest bid at or above any reserve price, you have entered into a contract with the Seller to buy the item. You can only terminate that contract in limited circumstances set out in law, for example where the item does not materially comply with the information provided in relation to it. Sellers may refuse to accept your bid, or withdraw the item from auction, at their discretion.
  • The item description, and any accompanying photographs, may be for guidance and illustrative purposes only, subject to their description, and does not imply that any item is free from defect. Subject to the terms and conditions, unless stated to the contrary in the item description, all items are untested.
  • 7.6 Prior to bidding on an item, you should satisfy yourself as to the condition of that item. Please contact Corporate Auctions if you wish to make arrangements to inspect an item. The Seller may decree that such an arrangement is made within a certain time frame, for example no less than 48 hours prior to the scheduled expiry of the listed time for the auction of the item in question.
  • 7.7 Where an item is auctioned subject to a reserve price and the bidding for that item does not reach its reserve price, the Seller may make a provisional contract with the person who made the highest bid or with any other person who makes a similar offer, such contract being conditional upon the Seller agreeing it.
  • 7.8 All items purchased on the site will be subject to a 15% purchaser’s premium (“Purchaser’s Premium”), of the winning bid. This Purchaser’s Premium is set by Corporate Auctions and may be changed from time to time as advised in these terms and conditions; however it will not be changed once posted for a specified auction.
  • 7.9 Refunds for any purchases made on the site will not be offered except in exceptional circumstances, for example where the Listing Information has been materially changed after a bid has been made or the goods sold differ materially from those described in the auction listing.
  • 7.10 Where the Goods are to be shipped outside of the United Kingdom, the buyer should observe and comply with all applicable regulations and legislation, including obtaining all necessary customs, import or other requisite permits. The importation or exportation of certain Goods to you may be prohibited by certain national laws. Corporate Auctions nor the Seller, make any representation and accept no liability in respect of the export or import of purchased goods by the buyer.
  • 7.11 Please note that copies of the Auctions (Bidding Agreements) Acts 1927 and 1969 are held at our place of business.

• 8. General rules governing listing and selling

  • 8.1 In relation to all Goods sold or offered for sale through the Services:
    • (a) the Seller must be, or represent, the absolute unencumbered legal owner with the right to sell those Goods; and
    • (b) the sale or the use of the Goods must not infringe any third party rights or be unlawful in any way and the goods must not be on our current Prohibited Items List.
  • 8.2 The Seller must list all items in the correct category with accurate and appropriate descriptions and provide such information as Corporate Auctions may request (together, “the Listing Information”). Should the information that the Seller supplies in respect of any items be incorrect the Seller acknowledges that the Buyer may have the right to return those items. Once an item becomes a Listed Item, the Seller is making an irrevocable offer to auction or sell.
  • 8.3 Corporate Auctions will publish the description and photographs for Sellers item(s) on the Site (together, “the Listing Information”). The Seller acknowledges and accepts that, in doing so Corporate Auctions will incur no liability with respect to incorrect descriptions or photographs provided. Once the Listing Information has been posted, the item becomes “a Listed Item”. Once an item becomes a Listed Item, the Seller makes an irrevocable offer to auction or sell the items described.
  • 8.4 Sellers must not contact any Buyers directly in a sale of Listed Items whether offered by the Seller or another Seller.
  • 8.5 The Seller (auction house) may place bids on behalf of its client(s) or by way of a proxy bid on behalf of a Buyer. In the event of a Seller 'winning' a lot(s) in their own auction, commission is payable to Corporate Auctions as normal on these lots.
  • 8.6 The Seller may correct any clerical, administrative or typographical errors in the Listing Information at any time.

• 9. Payment

  • 9.1 Buyers may submit for registration to buy at any time, however approval will only be granted during office hours (9am to 6pm Monday to Friday). A deposit of £200 paid via debit or credit card is required to register. Please note there is a 3% surcharge for credit cards which is not refundable.
  • 9.2 The deposit amount described in 9.1 may be a non-refundable deposit payable on all Listed Items which are purchased. The Seller reserves the right to collect the deposit amount where the Seller or the Seller’s client elects to cancel the sale of the Goods in accordance with term 9.5(b).
  • 9.3 The Seller will use reasonable endeavours to send the Buyer via email an invoice for the Goods purchased. Issue of the invoice will normally take place within 24 hours of purchase being completed at the Corporate Auctions site. Invoices must be settled in full within 72 hours of receipt.
  • 9.4 All buyers must pay Corporate Auctions for any items purchased at Auction in full, in accordance with these terms and conditions. No purchased items will be released by Corporate Auctions to the buyer until payment as per the issued invoice has been made in full either by debit or credit card payment or bank transfer. Cheques or cash will not normally be accepted as payment unless by prior arrangement.
  • 9.5 If the buyer does not make payment in full for a Listed Item, in accordance with term 9.3:
    • (a) Corporate Auctions may at its discretion and subject to its own terms and conditions, debit on behalf of the Seller or its client(s), from your Card On File, all sums due in relation to your purchase of that Listed Item. Where such debit is not authorised by the Card On File’s issuing bank or organisation, all sums shall remain payable in full to the Seller;
    • (b) Corporate Auctions may in its discretion, and in accordance with its own terms and conditions, cancel the auction and debit from the Buyers Card On File a deposit in accordance with term 9.2. Where such debit is not authorised by the Card On File’s issuing bank or organisation, the full amount of the deposit shall remain payable in full to Corporate Auctions;
    • (c) Corporate Auctions may in its sole discretion, and in accordance with its terms and conditions, debit from your Card On File any additional costs (e.g. storage fees) for the relevant Listed Item payable in accordance with these Terms and Conditions for Buyers; and
    • (d) Corporate Auctions may, at its discretion, refuse your future access to the Services in relation to the using the site for future purchases.
  • 9.6 Corporate Auctions reserves the right not to allow any items to be collected by, or delivered to, the Buyer unless and until the buyer has made payment in full in accordance with term 9.4.

• 10. Delivery and storage

  Corporate Auctions offers delivery services for items purchased, subject to the type of items to be delivered. Buyers should see the Shipping page of this site for relevant information. Payment for shipping must take place prior to delivery of goods as per 9.4 above. Items not collected or where shipping has not been paid for will incur storage charges as indicated in the Shipping page of this site. Payment for storage must take place prior to delivery of goods as per 9.4 above.

• 11. Risk and title

  • 11.1 Risk of damage to, or loss of, purchased items shall pass from the Seller to the Buyer upon the conclusion of the auction.
  • 11.2 Title to the purchased items shall pass from the Seller to the Buyer upon the Buyer making payment in full of cleared funds in accordance with term 9.4.

• 12. Confidentiality

  All personal information provided to Corporate Auctions by the Buyer in order to transact in the auction on this site such as debit or credit card information, names addresses etcetera will be treated as confidential and will not be disclosed to any third party by Corporate Auctions.

• 13. Termination

  • 13.1 The Site has in its sole discretion the right to issue a warning, temporary suspension, or an indefinite suspension and termination of your rights to use our Services if you:
    • (a) act inconsistently with, and/or in breach of, these terms and conditions;
    • (b) at any time violate or attempt to violate any rights of any other user of the Services or third party;
    • (c) are engaged in any fraudulent activity; or
    • (d) as a Buyer or Seller, fail to make any payments due to Us in accordance with these terms.

• 14. Compliance with laws

  By using this site, Buyers and Sellers agree to comply with all applicable laws, statutes and regulations concerning your use of the Services.

• 15. General release

  • 15.1. Corporate Auctions takes no responsibility for the quality, legality or safety of any advertised items or of any other characteristics upon which a buyer may rely, the accuracy of any of the listings and the capacity of any seller or any buyer to transact.
  • 15.2 Consideration should always be given to the nature of internet transactions and the risks involved. Buyers must proceed with care and judgment when using the Services.
  • 15.3 In recognition of the above, Buyers waive any claim against Corporate Auctions in any way connected with a dispute you have with another user of our Services and website and you agree to indemnify Corporate Auctions for any losses or liability we suffer as a result of any claim against us by another user or any other third party as a result of your such use or in relation to your dealings with such other user or third party. This waiver and indemnity shall not apply in the event of any fraud or wilful misconduct by Corporate Auctions.
  • 15.4 Buyers acceptance of these terms and conditions acts as a general release of the Site and any of its subsidiaries (and all of their officers, directors, agents and employees) from any liability for any claims, loss, and damages (both direct and indirect, including loss of profits, goodwill and business opportunity) arising out of or in any way connected to your use of the Services and our website.
  • 15.5 In addition, Corporate Auctions make no representations or warranties about the accuracy, completeness or suitability for any purpose of the information and related graphics published on our website. From time to time the site may contain technical inaccuracies or typographical errors. All liability of the Site howsoever arising for any such inaccuracies or errors is expressly excluded to the fullest extent permitted by law.
  • 15.6 In addition, we make no representations or warranties about the accuracy, completeness or suitability for any purpose of the information and related graphics published on our website. From time to time our site may contain technical inaccuracies or typographical errors. All liability of the Site howsoever arising for any such inaccuracies or errors is expressly excluded to the fullest extent permitted by law.
  • 15.6 Notwithstanding the foregoing, nothing in these terms and conditions is intended to limit any rights you might have as a consumer neither under applicable local law or other statutory rights that may not be excluded nor in any way to exclude or limit our liability to you for any death or personal injury resulting from our negligence.

• 16. Trade marks

  The Site is the proprietor of the Corporate Auctions trade mark and get-up. All other trademarks, product names and company names or logos cited herein are the property of their respective owners. No permission is given by the Site in respect of the use of any such brand names, product names or titles or copyrights and such use may constitute an infringement of the holder's rights.

• 17. Notices

  Except as otherwise stated, any notices you wish to send to us should be e-mailed to info@corporateauctions.co.uk. Any notices that we may wish to draw to your attention will be displayed on our website.

• 18. Applicable law

  Each and every transaction carried out on or as a result of the Services is deemed to be completed within the United Kingdom and therefore shall be governed by and interpreted in accordance with the law of England and Wales. These terms (and any dispute, controversy, proceedings or claim of whatever nature in relation to them) shall be governed and interpreted in accordance with the law of England and Wales and the courts of England and Wales shall have exclusive jurisdiction in relation thereto.

• 19. Events beyond our control

  The Site will not be in breach of this agreement or otherwise liable for any delay in performance if and to the extent that any delay or failure is due to circumstances beyond its reasonable control and including, without limitation, strikes, lock-outs and other industrial disputes, breakdown of systems or network access, flood, fire, explosion or accident.

• 20. Invalidity

  If any part of the terms of this charter is unenforceable (including any provision in which we exclude our liability to you) the enforceability of any other part of these conditions will not be affected.

• 21. Entire agreement

  This agreement, together with any document expressly referred to within its provisions (including but not limited to our Terms and Conditions for Buyers and Sellers, our Privacy Policy, and our Prohibited Items List (“the Ancillary Documents”)) contains the entire agreement between us relating to the subject matter covered and supersedes any previous agreements, arrangements, undertakings or proposals, written or oral, between us in relation to such matters or any statements made to you by any person, including (without limitation) any of our employees or agents. Save for fraud or fraudulent misrepresentation, we shall have no liability for any such representation being untrue or misleading. If there is an inconsistency between any of these terms and the provisions of the Ancillary Documents, the provisions of these terms shall prevail.