THIS BIDDER CONTRACT IS BETWEEN THE PERSON, WHOSE NAME IS SIGNED BELOW ('BIDDER'), AND JEFF MARTIN AUCTIONEERS, INC. ('MARTIN'). BIDDER AGREES THAT THE TERMS SUMMARIZED ON THIS REGISTRATION AND SET FORTH FULLY IN THE AUCTION CATALOG SET OUT SPECIFIC AND COMPLETE RULES OF AUCTION AND AGREE THAT IT IS BIDDER'S RESPONSIBILITY TO OBTAIN AND READ THESE RULES PRIOR TO BIDDING ON ANY ITEMS. BIDDER AGREES TO BE LEGALLY BOUND BY THESE RULES. ADDITIONAL TERMS MAY BE POSTED OR ANNOUNCED FROM THE AUCTION BLOCK, WHICH SHALL ALSO BE BINDING ON BIDDER. IT IS THE BIDDERS RESPONSIBILITY TO REQUEST COMPLETE RULES OF AUCTION FROM MARTIN. All announcements made by auctioneer shall supersede any printed material

FEE SCHEDULE:
Buyers Premium is added to the high bid price on each item. 10% on the first $2500 and 2% on the balance per item.
Online bidders will pay an additional 2% online bidding fee.
PAYMENT IS EXPECTED DAY OF AUCTION OR AT RECEIPT OF INVOICE

DOCUMENTATION FEE $40.00 FOR EACH TITLED ITEM
CREDIT CARD SURCHARGE 3%

SALES TAX APPLIES UNLESS PROOF OF EXEMPTION IS PROVIDED TO JEFF MARTIN AUCTIONEERS, INC.
Inspection & Preview Days: Monday- Friday, 8am – 4pm. Please inspect all items before bidding. Online bidders may contact our office for more details about an item if needed before bidding.

PICK UP AND STORAGE- All items must be removed by date announced at the beginning of the auction and/or date stated on purchase invoice. Items not removed by storage date are subject to a $100 per day/per item storage fee. The auction company reserves the right to sell item at auction for storage cost. Please contact office if you need to make special arrangements for pick up after date.
All items must be removed by 10/11/2019

Online Bidders may be required to submit the following prior to approval to bid
Email a copy of valid photo ID
Speak with online agent at 601-450-6200 via the telephone number you provided during online registration
Make the full deposit specific to the auction in which you are bidding. 
Local State, City, and County sales tax applies to all purchases. 
ALL NEW INTERNATIONAL BIDDERS MAY BE REQUIRED TO DEPOSIT $10,000 USD. ALL NEW DOMESTIC BIDDERS MAY BE REQUIRED TO DEPOSIT $5,000 USD BIDDING IN PERSON. CREDIT CARD DEPOSITS WILL BE HELD UP TO (5) BUSINESS DAYS AFTER AUCTION. 
AT AUCTIONEER’S DISCRETION, A BANK LETTER AND PREVIOUS PURCHASE HISTORY WITH ANOTHER AUCTION COMPANY MAY BE ACCEPTED IN LIEU OF DEPOSIT

BIDDER'S RESPONSIBILITY: BIDDER AGREES IT IS BIDDER'S RESPONSIBILITY TO INSPECT EACH ITEM BEFORE BIDDING, AND ACKNOWLEDGES THAT MARTIN MAKES NO GUARANTEE OR WARRANTIES, EITHER EXPRESSED OR IMPLIED, AS TO THE CONDITION OF THE ITEMS. BIDDER AGREES THAT DESCRIPTION OR STATEMENT IN THE AUCTION CATALOG AND INTERNET WEBSITES ARE ONLY A GUIDE AND MARTIN MAKES NO GUARANTEE OF THE ACCURACY OF THE DESCRIPTIONS IN THE CATALOG. AFTER A BIDDER HAS WON THE BID WITH HIS/HER HIGH BID, ALL RISK OF LOSS AND DAMAGE PASSES TO BIDDER, EVEN THOUGH BIDDER MAY HAVE NOT PAID FOR THE ITEM YET. BUYERS SHOULD GUARD THEIR ITEMS ACCORDINGLY. ITEMS NOT REMOVED FROM AUCTION SITE BY DEADLINE STATED FOR AUCTION IS SUBJECT TO A STORAGE FEE NOT TO EXCEED $100 PER ITEM PER DAY. ITEMS NOT REMOVED BY DEADLINE WILL BE SOLD AT AN UPCOMING AUCTION TO COVER COST OF STORAGE IF OUTSTANDING FEES HAVE NOT BEEN PAID. YOU THE BIDDER WILL BE RESPONSIBLE FOR ANY REMAINING STORAGE INVOICE BALANCE THAT IS NOT COVERED BY AUCTION PROCEEDS. ALL ITEMS ARE SOLD AS IS. WHERE IS, WITHOUT GUARANTEE OR WARRANTY OF ANY KIND. INSPECT ALL ITEMS BEFORE BIDDING.

I UNDERSTAND I WILL BE LIABLE FOR PAYMENT OF SALES OR USE TAXES WHICH MAY BECOME DUE FOR FAILURE TO COMPLY WITH THE PROVISIONS OF FEDERAL, STATE AND LOCAL TAX CODES FOR ANY ITEMS SOLD AS TAX EXEMPT OR FOR RESALE. I UNDERSTAND THAT IT IS A CRIMINAL OFFENSE TO GIVE AN EXEMPTION CERTIFICATE TO THE SELLER FOR TAXABLE ITEMS THAT I KNOW, AT THE TIME OF PURCHASE, WILL BE USED IN A MANNER OTHER THAN THAT EXPRESSED IN THIS CERTIFICATE AND, DEPENDING ON THE AMOUNT OF TAX EVADED, THE OFFENSE MAY RANGE FROM A CLASS C MISDEMEANOR TO A FELONY OF THE SECOND DEGREE. BIDDER AGREES TO PAY FOR PURCHASES, AND BIDDER REPRESENTS THAT HE/SHE HAS FUNDS NECESSARY FOR SUCH PAYMENT. COMPLETE PAYMENT IS DUE ON DATE OF SALE WITH CASH, CASHIER'S CHECK, CREDIT CARD, WIRE, OR OTHER CHECKS ACCOMPANIED BY A BANK LETTER OF GUARANTEE MADE PAYABLE TO MARTIN. ALL ITEMS MUST BE PAID IN FULL BEFORE BIDDER LEAVES THE PREMISES. NO ITEMS WILL BE REMOVED FROM THE PREMISES UNTIL PAYMENT IS MADE IN FULL. PAYMENT NOT MADE BY FINAL REMOVAL DATE DEADLINE WILL BE SUBJECT TO LATE FEES, PENALTIES AND INTEREST UP TO 18% ANNUM PLUS EXPENSES RELATED TO COLLECTION COST. IF BIDDER FAILS TO PAY FOR ANY OR ALL PURCHASES, FOR WHATEVER REASON, INCLUDING AN INSUFFICIENT CHECK OR A STOPPED CHECK, MARTIN SHALL HAVE THE CUMULATIVE RIGHTS SET FORTH IN THE COMPLETE RULES OF AUCTION. MARTIN WILL CONTACT DISTRICT ATTORNEY FOR ANY CHECKS THAT ARE RETURNED FOR INSUFFICIENT FUNDS OR CLOSED ACCOUNT AND PROCEED WITH ALL NECESSARY LEGAL ACTION AS NEEDED FOR COLLECTION AND OR PROSECUTION. BIDDER AGREES TO NOT REVERSE OR DISPUTE CHARGES FOR PURCHASES PAID FOR BY CREDIT CARD. BY AGREEING TO THE TERMS OF AUCTION THE BIDDER DOES AUTHORIZE JEFF MARTIN AUCTIONEERS TO CAPTURE THE BALANCE DUE ON INVOICE AND CHARGE CREDIT CARD USED FOR AUCTION DEPOSIT IF THE INVOICE IS NOT PAID IN FULL WITHIN 48 HRS OF AUCTION COMPLETION

INJURY AND DAMAGE: BIDDER ACKNOWLEDGES RESPONSIBILITY FOR ANY PERSONAL INJURY OR PROPERTY DAMAGE CAUSED BY BIDDER, BIDDER'S GUESTS, OR AGENTS. BIDDER AGREES TO HOLD MARTIN HARMLESS FROM ANY PERSONAL INJURY TO HIMSELF OR HIS AGENTS AND ANY PROPERTY DAMAGE INCURRED ON AUCTION PREMISES. BIDDER RELEASES MARTIN AND THE SELLER FROM ANY AND ALL LIABILITY CONNECTED WITH THE REMOVAL AND TRANSPORTATION OF PURCHASES AND ANY AND ALL FUTURE USES FOR THE GOODS PURCHASED HEREWITH. BIDDER ALSO AGREES THAT BY REGISTERING FOR AN AUCTION I UNDERSTAND AND AGREE THAT I WILL RECEIVE ADVERTISEMENTS BY EMAIL, REGULAR MAIL AND PHONE CALL OR TEXT MESSAGE. I UNDERSTAND THAT TEXT AND PHONE CHARGES MAY BE CHARGED BY MY SERVICE PROVIDER.

TITLED PURCHASES: BIDDER GRANTS MARTIN POWER OF ATTORNEY TO SIGN AS OWNER/PURCHASER ON TITLE DOCUMENTATION AS NECESSARY TO FACILITATE THE TRANSFER OF OWNERSHIP OF TITLED PURCHASES.

AUCTION COMPANY RESERVES THE RIGHT TO REMOVE ITEMS FROM AUCTION OR SKIP ITEMS ONCE AUCTION HAS BEGUN. IN THE EVENT AN ITEM IS REMOVED FROM AUCTION OR SKIPPED ANY PREBIDS/ABSENTEE BIDS WILL BE VOID. ALL ANNOUNCEMENTS MADE BY AUCTIONEER SHALL SUPERSEDE ANY PRINTED MATERIAL.

LIVE / SIMULCAST/TIMED ONLINE AUCTION ADDITIONAL TERMS- JEFF MARTIN AUCTIONEERS, INC. AND ITS EMPLOYEES ACT MERELY AS AGENTS OF SELLERS. ALL AUCTIONS ARE WITH RESERVE UNLESS SPECIFICALLY STATED OTHERWISE. RESERVES, IF ANY, ARE NOT DISCLOSED. ADDITIONALLY, BIDS MAY BE PLACED AT SOME AUCTIONS BY THE SELLER, AN EMPLOYEE OF THE SELLER, OR AN AGENT ON THE SELLER’S BEHALF UP TO THE RESERVE. WHILE THE INFORMATION WE PROVIDE ON ITEM(S) IS DEEMED CORRECT, NO WARRANTIES ARE EXPRESSED OR IMPLIED AS TO ANY ITEMS BEING SOLD AND YOU AGREE TO PURCHASE AND ACCEPT THE ITEM IN AN AS-IS CONDITION. INFORMATION ON ITEMS IS OBTAINED BY US FROM THE SELLERS AND YOU HEREBY AGREE TO HOLD HARMLESS JEFF MARTIN AUCTIONEERS, INC. AND ITS EMPLOYEES OR ANY ERRORS OR OMISSIONS REGARDING THE ITEM(S) BEING SOLD. THIS INFORMATION INCLUDES BUT IS NOT LIMITED TO YEAR, MODEL, MACHINE OR ENGINE HOURS, PHYSICAL CONDITION, OPTIONS, FEATURES, AND OTHER DATA PERTINENT TO THE VALUE OF THE ITEM. ALL ITEMS ARE SOLD AS –IS WHERE-IS.

FIREARMS SOLD AT AUCTION- WE DO NOT TEST FIRE ANY WEAPONS AND CANNOT GUARANTEE THE CONDITION OR FUNCTIONALITY OF ANY FIREARM OFFERED FOR SALE. NO WARRANTY OR GUARANTEE IS INFERRED NOR, SHOULD ANY BE IMPLIED ON ANY WEAPONS AND STRONGLY RECOMMEND THAT THE PURCHASER HAVE ALL WEAPONS INSPECTED BY A LICENSED GUNSMITH PRIOR TO USE.

MARTIN RESERVES THE RIGHT TO REVOKE BIDDER NUMBER AND BIDDING PRIVILEGES FROM REGISTERED BIDDER AND HAVE THAT INDIVIDUAL AND THEIR PARTIES LEAVE THE AUCTION SITE. BIDDER WILL BE RESPONSIBLE FOR PAYMENT OF ANY BIDS PLACED PRIOR TO REVOCATION. PHOTOGRAPHY, VIDEO & AUDIO RECORDING IS USED ON PREMISES AND WILL BE USED FOR SECURITY AND/OR PROMOTIONAL PURPOSES.

Purchaser will be responsible for the removal, insurance, breakdown, arranging, shifting, loading, and securing of load for any items purchased. It is the buyer’s responsibility to have inspected the item and determined the condition, year, model, serial number and mileage of the item from your inspection. By agreeing to the terms of the auction you agree to the complete Rules of Auction. 
For online bidders who do not pay within 2 business days of auction will be considered slow to pay and the auction company reserves the right to ban that buyer from bidding at any future auctions.

Terms & Conditions of Auction: 

• Buyers Premium is added to the high bid price on each item. 10% on the first $2500 and 2% on the balance per item
• Online bidders will pay an additional 2% online bidding fee. 
• All items must be removed by October 3rd, 2019.

 

• Refresh your screen frequently while bidding online

 

Online Bidders will be required to:

• Email a copy of valid photo ID
• Speak with online agent at 601-450-6200 via the telephone number you provided during online registration
• Make the full deposit specific to the auction in which you are bidding. 

 

• Local State, City, and County sales tax applies to all purchases.

 

• ALL NEW INTERNATIONAL BIDDERS MAY BE REQUIRED TO DEPOSIT $10,000 USD.  ALL NEW DOMESTIC BIDDERS MAY BE REQUIRED TO DEPOSIT $1000 USD BIDDING IN PERSON. CREDIT CARD DEPOSITS WILL BE HELD UP TO (5) BUSINESS DAYS AFTER AUCTION.

 

• AT AUCTIONEER’S DISCRETION, A BANK LETTER AND PREVIOUS PURCHASE HISTORY WITH ANOTHER AUCTION COMPANY MAY BE ACCEPTED IN LIEU OF DEPOSIT

 

• Inspection & Preview Days:  Monday, September 23rd – Auction Day. 8 am - 5 pm. Please inspect all items before bidding.  Online bidders may contact our office for more details about an item if needed before bidding.

 

BUYERS REPONSIBILITIES: All items are sold “as is, where is” with no guaranties, or warranties as to condition, value, merchantability, safety, or usability. The item will be considered sold without any exceptions upon the final gavel by the auctioneer. Possession will be obtained upon proper settlement. Purchaser will be responsible for the removal, insurance, breakdown, arranging, shifting, loading, and securing of load for any items purchased. It is the buyer’s responsibility to have inspected the item and determined the condition, year, model, serial number and mileage of the item from your inspection. Jeff Martin Auctioneers reserves the right to capture your  balance due on your invoice to the credit card given via the auction deposit if the invoice is not paid in full within 48 hours of auction completion.

PICK UP AND STORAGE- All items must be removed by date announced at the beginning of the auction and/or date stated on purchase invoice.  Items not removed by storage date are subject to a $100 per day/per item storage fee.  The auction company reserves the right to sell item at auction for storage cost.  Please contact office if you need to make special arrangements for pick up after date.

• All items must be removed by October 3rd, 2019.

Other Fees that may apply to purchases:

• $40 Documentation fee is charged to each titled item
  • Titles- There is a $40 documentation fee added to each titled item.  Jeff Martin Auctioneers, Inc holds a State of MS dealers license and must follow the law according to the State of MS.  The auction company will collect and submit sales tax to the state on your behalf.  If you are buying for resale or export we must have documentation of proof before sales tax is waived.   Titles will be processed within 14 business days after auction unless payment is made in cash or cash equivalent.  Titles will be sent to the buyer directly from the State of MS.  You will be given a title application copy so that you can purchase your tag from your local DMV.   It takes the State of MS up to 8 weeks to process titles.  You may request a fast track title for an additional $40 fee. 

 

Auction Company reserves the right to remove items from auction or skip items once auction has begun. All announcements made by auctioneer shall supersede any printed material

Payment Procedures:

• We gladly accept Visa, MasterCard, American Express and Discover however, a 3% fee will be added to the invoice total. Texas Auctions- There will be no 3% fee added for credit cards, however there will be a 3% cash discount offer for payment made with cash of cash equivalent ( cashier’s check, wire transfer, or other checks accompanied by a bank letter of guarantee made payable to Jeff Martin Auctioneers, Inc.)

 

• Bidder agrees to pay for purchases, and Bidder represents that he/she has funds necessary for such payment.
  Complete payment is due on date of sale with cash, cashier’s check, credit card, wire, or other checks accompanied by a bank letter of guarantee made payable to Jeff Martin Auctioneers, Inc. All items must be paid in full before bidder leaves the premises. No items will be removed from the premises until payment is made in full. Payment not made as described above will be subject to late fees, penalties and interest plus expenses related to collection cost. Any balance due the day after the final removal date noted on the invoice will be paid by purchaser at a rate of 18% per annu. NO EXCEPTIONS. If Bidder fails to pay for any or all purchases, for whatever reason, including an insufficient check or a stopped check, Jeff Martin Auctioneers, Inc shall have the cumulative rights set forth in the complete Rules of Auction. Jeff Martin Auctioneers, Inc will contact District Attorney for any checks that are returned for insufficient funds or closed account and proceed with all necessary legal action as needed for collection and or prosecution.  Jeff Martin Auctioneers, Inc reserves the right to revoke bidding privileges at anytime.  
• For online bidders who do not pay within 3 business days of auction will be considered slow to pay and the auction company reserves the right to ban that buyer from bidding at any future auctions.

 

• Injury and Damage: Bidder acknowledges responsibility for any personal injury or property damage caused by bidder, bidder’s guests, or agents. Bidder agrees to hold Jeff Martin Auctioneers, Inc harmless from any personal injury to himself or his agents and any property damage incurred on auction premises. Bidder releases Jeff Martin Auctioneers, Inc and the seller from any and all liability connected with the removal and transportation of purchases and any and all future uses for the goods purchased herewith.

Additional Auction Terms:

LIVE / SIMULCAST AUCTION TERMS- Jeff Martin Auctioneers, Inc and its Employees act merely as agents of sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, ARE NOT disclosed. Additionally, bids may be placed at some auctions by the seller, an employee of the seller, or an agent on the seller’s behalf up to the reserve. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Jeff Martin Auctioneers, Inc and its Employees or any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features, and other data pertinent to the value of the item. ALL ITEMS ARE SOLD AS –IS WHERE-IS.