TERMS AND
CONDITIONS
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.
