In addition, any and all foreign duties and taxes are also the responsibility of Buyer and Buyer hereby indemnifies and holds CRG harmless from any and all claims, costs, expenses and liability incurred by CRG resulting from Buyer’s failure to pay any foreign duties and taxes. Prices do not include any federal, state or local taxes, which are in addition to the Purchase Price and must be paid by Buyer where applicable and may be added by CRG to the Invoice unless Buyer furnishes CRG with an acceptable tax exemption certificate.
DATATECH TABBER FULL
Until CRG has received payment in full of the Purchase Price, the Rigger Equipment Removal and Site Access Agreement executed by the rigger named therein, CRG, the owner of the Real Property and Buyer (the “Rigger Removal Agreement”), if applicable, and any other documents required by CRG, Buyer shall have no right to dismantle or remove any of the Purchased Items from the real property located at the auction site (the “Real Property”).Ģ. No forbearance, indulgence, or delay by CRG in taking any action hereunder shall be deemed a waiver of any rights of CRG hereunder. Buyer shall also be liable for any and all costs and expenses incurred by CRG arising out of or in connection with CRG’s efforts to collect any unpaid amounts hereunder including, without limitation, attorney or collection agency fees and expenses. If Buyer fails to pay the Purchase Price in accordance with these Sale Terms, Buyer agrees that it remains responsible for payment of the Purchase Price and CRG shall have the right to commence all legal actions against Buyer for collection of the entire Purchase Price amount. Buyer shall pay CRG a late penalty on all amounts over 30 days past due computed at the greater of (i) 18% per annum, and (ii) the maximum rate permitted by applicable Connecticut law. For any Purchased Items paid in cash with a value of $10,000 or greater, Buyer is required to complete United States Treasury Form Number 8300 and return it to CRG at the time of purchase. Payment is due and payable in cash, by cashier’s check, wire transfer, company check payable to CRG. If Buyer is the winning bidder for the Purchased Items, full payment of the purchase price for the Purchased Items due to CRG (the “Purchase Price”), must be made in United States Dollars, and must be made on the day of sale as set forth in the invoice sent to Buyer at the end of the auction (the “Invoice”). By registering at the auction, onsite or online, the Buyer agrees that it has read and fully understands these Sale Terms and agrees to be bound by these Sale Terms.ġ. CRG reserves the right to modify these Sale Terms at any time and any such modification shall become part of these Sale Terms. The owner of the items upon which Buyer will be bidding may be owned either by CRG or by another entity who has retained CRG to sell such items (the “Owner”).
These Terms and Conditions of Sale (“Sale Terms”) govern all items which are offered for sale by CAPITAL RECOVERY GROUP, LLC (“CRG”) and any of its employees, agents, designees, affiliates, joint venture partners, and co-auctioneers (together with Capital Recovery Group, LLC, collectively, "CRG") to a buyer (the “Buyer”) of any machinery, equipment or other personal property items offered by CRG and purchased by Buyer (collectively, the “Purchased Items”).
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