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Clean Sweep Live Auction on Wed. Nov. 6th. Click to view the full inventory

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Auction No.: Information Pending

Seller: Information Pending
Company: Information Pending
Address: Information Pending
City: Information Pending
State: Information Pending
Zip Code: Information Pending
Country: Information Pending
Telephone: Information Pending
Facsimile: Information Pending

A description of the auction is shown below.
This auction can also be viewed with pictures online at:
http://www.dotmed.com/

All content of the auction listing on this site is incorporated herein by reference.


Starting Bid: Information Pending
Information Pending
Information Pending
Closing Time: Information Pending
Equipment/Device Type: Information Pending
Manufacturer: Information Pending
Model: Information Pending

Description: Information Pending

Condition: Information Pending

Inspection: Information Pending

Available: Information Pending

Warranty: Information Pending

Additional Services: Information Pending

Other Terms: Information Pending

Taxes: Sales and other taxes are additional.

Seller hereby represents to DOTmed that Seller has read, understood and agrees to the Auction Terms of www.dotmed.com ("Site"). Seller is willing to auction the equipment or device identified above ("Auctioned Item") via the Site.

Seller hereby agrees that this auction shall be conducted as a Seller Self Managed Auction.

Seller warrants and represents to DOTmed and all auction participants, including all bidders, that Seller has title and possession to the Auctioned Item, free and clear of all liens and encumbrances, and that clean title and free possession of the Auctioned Item, in the a condition at least as good as when the Auctioned Item is available for inspection, will be conveyed to the Winning Bidder upon payment of the purchase price to Seller.

Seller warrants and represents to DOTmed and all auction participants, including all bidders, that Seller will have the Auctioned Item available for inspection hereinafter until the Winning Bidder concludes the purchase.

Seller warrants and represents to DOTmed and all auction participants, including all bidders, that, Seller will bear the risk of loss or damage of the Auctioned Item until the title of the Auctioned Item is transferred in accordance with the terms herein.

Seller warrants and represents to DOTmed and all auction participants, including all bidders, that Seller shall not, directly or indirectly, bid in this auction.

Auction Compensation to DOTmed

DOTmed will charge an auction setup fee in accordance with the auction setup fee schedule below. Seller hereby agrees that the auction setup fee shall be payable to DOTmed in U.S. dollars and is earned by DOTmed upon the setup of the auction.

Setup Fee
Total Starting/Reserve Price
(Quantity * Individual Starting or Reserve)
Setup Fee
$0 – 500 $20
$501 – 1,000 $25
$1,001 – 2,500 $50
$2,501 – 5,000 $70
$5,001 – 10,000 $100
$10,001 – 20,000 $150
$20,001 – 40,000 $175
$40,001 – 60,000 $200
$60,001 – 80,000 $250
$80,001 – 100,000 $300
$100,001 – 200,000 $300
$200,001 and up $350


(i) DOTmed will charge a commission in accordance with the specified commission schedule below based upon the final auction price. Seller hereby agrees that commission shall be payable to DOTmed in U.S. dollars and is earned by DOTmed upon the closing of the auction.

Commission
Total Selling Price
(Qty * Individual Selling Price)
Commission
Item not sold 0%
$0 – $2,500 5%
$2,501 – 20,000 5% of the initial $2,500 ($125) +
4% of the amount > $2,500
$20,001 – 80,000 As above, plus 3% of the amount > $20,000
$80,001 and up As above, plus 2% of the amount > $80,000

Reduced closing percentages are based on the selling price within each price category. For instance, if your item sells for $100,000, the commission is:

$125(5% of $2,500)
+$700(4% of $17,500)
+$1,800(3% of $60,000)
+$400(2% of $20,000)
=$3,025(or just over 3% of the selling price)

 



Seller hereby agrees to reimburse all costs and expenses, including attorneys' fees, incurred by DOTmed in connection with any legal proceedings initiated by DOTmed for fee/commission and/or any breach by Seller of Seller's obligations to DOTmed or the Winning Bidder.

The purchase/sale transaction between Seller and Winning Bidder does not involve DOTmed and such parties are responsible to conclude such purchase/sale transaction without the involvement of DOTmed. The full auction purchase price shall be paid to Seller by the Winning Bidder less any fee/commission due to DOTmed. Seller is solely responsible to separately collect any taxes (including value added taxes or sales taxes) from the Winning Bidder at the time of transfer of title and possession of the Auctioned Item. In addition and not in lieu of any other obligations or liabilities of Seller which apply, Seller specifically undertakes to indemnify and hold harmless DOTmed from any and all claims of any taxing authorities in respect to the collection of any applicable taxes.

Seller hereby agrees that Seller shall not transfer title or possession of the Auctioned Item to any party other than the Winning Bidder as notified by DOTmed, unless otherwise instructed by DOTmed.

Seller further agrees that Seller will look solely to the Winning Bidder for consummation of the sale of an Auctioned Item.

DOTMED SHALL NOT BE LIABLE FOR ANY ACTS OR OMISSIONS OF SELLER, WINNING BIDDER OR THIRD PARTIES OR FOR ANY LOSS OF USE, REVENUE OR PROFITS, OR FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE AUCTIONED ITEM OR THIS AUCTION.

Seller agrees to hold DOTmed harmless against any and all claims, judgments and decrees against DOTmed, as well as damages, costs and expenses, including, attorneys' fees or any other loss incurred by DOTmed relating to or arising out of the sale or auction of the Auctioned Item by Seller.

Seller further agrees that, without limitation to the foregoing, DOTmed's total liability to Seller arising from any cause whatsoever shall be limited to the fee/commission paid to DOTmed on the auction at issue.

Seller hereby acknowledges that in the event Seller fails to convey clean title and/or free possession of the Auctioned Item to the Winning Bidder as notified by DOTmed, Seller will be permanently precluded from listing or bidding for auction through DOTmed, and will be subject to legal action and such conduct may be published on this Site.

Seller understands that this Notice of Seller Self Managed Auction is subject to acceptance by DOTmed.

Seller hereby acknowledges that the timing for auction of the Auctioned Item is as stated above. Seller agrees that in the event the auction does not close by the designated date, Seller may withdraw from the auction and thereafter DOTmed shall have no further liability or obligation thereafter to Seller whatsoever.



Last Updated March, 2018
Copyright 2003-2018 DOTmed.Com, Inc.
All Rights Reserved

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