AUCTION TERMS

Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid. The sum of the winning bid plus the Buyer’s Premium will be the sales price.

Auction End Times:

Ford Brothers, Inc. On line Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the close of the auction will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04.The auto extend feature remains active until no further bids are received within a 5 minute time frame.

Staggered Closing: This online auction closes in intervals. Please check the countdown clock on each individual item regarding these intervals. This feature works great with the auto extend feature to closely emulate a live auction.

All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, charge backs, etc, will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine condition. Bidder, or their representative, agree to physically inspect their lots and make their own verification of the contents. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, charge back, etc.

All description information has been gathered from sources which we believe to be reliable but are not guaranteed. Auctioneer and Seller make no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, incorrectness or any imperfection not noted on the catalog, etc. Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary.

Payment, Pickup, Shipping & Storage Terms:

Pickup/Payment Info: Pay/Pickup July 15 through July 19, 2024 –11:00 a.m. to 5:00 p.m. Buyers will set appointment times during these dates at the advertised times. Pickup appointments will be set in order of receipt of payment in full. Accepted methods of payment are Cash, Credit Card (up to $5,000 with a 4% processing fee) and wire transfer via Earnnest App. All fees incurred by wired transfers will be paid by the purchaser. All purchases that have not been paid by July 19th at 5:00 p.m. will automatically be charged to the credit card used at registration, with a 4% processing fee. All purchased items must be removed by the deadline of July 19th at 5:00 p.m. Any items not removed by the deadline will, at Auctioneer's discretion, be discarded or resold with proceeds retained by Auctioneer. There will be NO REFUND to the purchaser for these forfeited items.

Pickup: Ford Brothers, Inc absolutely DOES NOT provide shipping, shipping preparation or transportation services for any items larger than the size of largest U.S. Postal Service flat rate box. Removal of items, moving, packaging, loading, transporting, shipping and shipping preparation (on items larger than the above stated size) are the sole responsibility of the purchaser. Riggers, movers, electricians or buyers performing at the Auction Site(s) hold the Auctioneer and the Seller harmless from any damage or injury during the removal and loading process. Each buyer must be insured and will be liable to any damage done to the building in the removal process.

Item Transportation: Ford Brothers must be notified via phone (606) 878-7111 or 800-526-1637 or email (london@fordbrothersinc.com ) of any items that cannot be picked up on a Auction Pickup day, if we are NOT notified then your items will be forfeited. Any items transported back to a Ford Brothers office/facility are subject to a $25 per lot fee . Items weighing more than 50 pounds or larger than 24 inches x 24 inches x 48 inches will not be transported by Ford Brothers to any location. Transported items must be paid for according to the terms of the auction and will be transported at Ford Brothers’ earliest convenience. Buyers MAY NOT waive payment until their items are transported.

Storage of Personal Property Items: Any item stored at a Ford Brothers facility exceeding 10 business days will be subject to a $5 per day storage fee.

Forfeiture of Items: Any item/lot that has not been picked up from any Ford Brothers Auction location within 30 days will, at Auctioneer's discretion, be discarded or resold with proceeds retained by the Auctioneer.

SALES TAX: Kentucky Sales Tax (6%) will be added to the sale price. Dealers or other exempt parties must provide proper documentation to Auctioneer before bidding.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.

Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Laurel County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

Ford Brothers, Inc., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.

Auction company employees and/or auction company may bid on and purchase auction items.

BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Ford Brothers and all other Marknet auctions.

If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify Auctioneer immediately.

For additional information, contact Ford Brothers, Inc. Auctioneers at 1-800-526-1637.

TIME IS OF THE ESSENCE in regard to all auction terms.

Machine and Repair Shop Liquidation at Absolute Online Auction - Louisville