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X-Line Asset Management (“X-Line”)
hosts a website offering an Internet marketplace
for online business-to-business auctions
and sales for used industrial and surplus
goods through its website www.xlineassets.com.
Unless otherwise specified, X-Line Asset
Management is neither the buyer nor the
seller but acting as an agent assisting
in the sale of these surplus goods. Each
sale may have specific terms and conditions
which would supersede these General Terms
and Conditions.
1. All services offered by X-Line are governed
by these terms and conditions. By registering
with X-Line, you consent to be bound to
the terms and conditions outlined here.
2. All assets will be sold to the highest
bidder provided however that at times minimum
reserving pricing may be set by the sellers.
Additionally some assets may be sold “subject
to seller confirmation” allowing the
seller to accept or reject the highest bid.
In all cases, X-Line may accept or reject
any or all bids.
3. All sales are final. No refunds or returns
are permitted.
4. All assets are sold “AS IS, WHERE
IS” with all faults. Neither X-Line
nor the sellers express any warranties,
statement of condition, functionality or
condition of any item. X-Line recommends
that all buyers inspect assets whenever
possible prior to bidding.
5. X-Line charges and collects at 15% Buyers
Premium from each successful sale.
6. Full payment is due prior to the removal
of any asset. Full payment must be received
48 hours from receipt of the invoice or
X-Line, at its sole discretion, shall have
the right to cancel the invoice and resell
the asset(s).
7. The seller and X-Line have the right
to remove assets either before or after
bidding has been completed. If bidding has
been completed and payments have been received,
X-Line will immediately refund the money
to the buyer.
8. For each sale, X-Line will announce
the removal period for each asset. The seller
and X-Line reserve the right to charge the
buyer for storage should assets not be removed
in the appropriate timeframe.
9. Buyers are aware that some assets being
sold may contain “hazardous substances”
as defined by state, local or federal laws.
It is the sole responsibility of the buyer
to inspect all assets prior to bidding.
10. Neither X-Line nor the seller(s) shall
be liable in any way for damages of any
kind sustained or claimed by any person
in connection with the auction.
11. The Terms and Conditions stated here
will be governed by the laws of the State
of California. All bidders expressly consent
to personal and exclusive jurisdiction in
the courts of the State of California located
in Santa Clara County.
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