Auction Terms & Conditions TERMS AND CONDITIONS OF AUCTION SALE It is your responsibility to know exactly how this online auction works and to ensure that the items that you bid on will meet your needs. Laurie Bros. does not provide warranties, guarantees or exchange privileges. All items are sold in an "As-is Where-is" basis. As a condition of registration, all prospective bidders agree that they have the capacity to independently contract with Laurie Bros. on any purchases made. This will require each registrant to have reached the age of majority and acknowledge that they are at least eighteen years of age. PLEASE ENSURE THAT YOU READ THE VIEWING, LOAD-OUT AND LAST DAY FOR PAYMENT BEFORE LATE FEES APPLY, TIMES POSTED ONLINE FOR EACH AUCTION 1. Remember that when you register for a Laurie Bros. Online Auction your registration name will appear on the invoice if you make a purchase. REGISTER in the name that is to appear on your invoice. ALL SALES ARE FINAL AND AS SUCH ALL INVOICES ARE FINAL. NO INVOICE or BIDDER REGISTRATION will be changed or altered after the fact, in any way. Once the bidder registration form has been completed online in full and submitted, and you have been approved to bid by Laurie Bros, you will then have confirmed and agreed to the following Terms and Conditions of Sale. Laurie Bros. Auction Services . (as the Auctioneers) reserve the right to approve a registration, refuse a registration for bidding and/or revoke the respective registration at any time. 2. Your password, along with your email address or user name will allow you to log into our auction and bid. 3. A fifteen percent (15%) buyer's premium is in effect on all items at every Laurie Bros. auction sale. Please note that the buyer's premium is a taxable service. 4. Laurie Bros. will accept Visa and Mastercard payments via Venmo, or paypal , also cash payments. 5. All registered bidders are held personally liable and financially responsible for any and all bids placed with their respective "Bidding Number". By virtue of you accepting Laurie Bros. Terms and Conditions of Sale, you are agreeing to pay the bid amount, in addition to the Buyer's Premium and Harmonized Sales Tax ("HST"), within the timeline dictated by the Auctioneer. Bidders may be exempt from certain taxes, only on condition that they can provide appropriate proof to Laurie Bros. that they have an exception status for that item. This may take the form of a status card or bill of lading. 6. Any catalogue description of equipment and/or lot(s) is merely a guide and may contain errors or incorrect information. The Auctioneers make NO representation whatsoever with respect to any degree of accuracy as it pertains to the year of manufacture, odometer and/or hour meter that may be indicated on any lot. NO sale shall be invalidated by reason of any defect or inaccuracy in any of the lots. Laurie Bros. maintains the right to add or delete any lots during the Auction. 7. When the auction of the item that you are bidding on closes, you agree that you have entered into a binding contract with Laurie Bros. Auction Services. for the purchase of the specific lot(s). 8. Each item in this online auction has a specific time when the bidding will close. Please ensure that you check the closing times on the items you wish to bid on. You will not be able to bid from your watchlist during the final 2 minutes of an item. Please ensure during closing you are bidding from the live catalogue. 9. If a buyer enters a bid at the last minute of the auction, the ending time of the auction will automatically be extended by one minute until one bidder remains. This is referred to as a "soft close" or bid extension. 10. All sales are final and all purchased equipment and/or lot(s) must be paid in full to Laurie Bros. Auction Service. The buyer agrees that all items offered at auction are strictly sold on an "AS IS" basis. Laurie Bros. Auction Services will not warranty or guarantee any item in the sale. All items purchased must be removed by the date and time stated by the Auctioneer. No item will be removed by the buyer without full payment being made and an appropriate release is obtained by the buyer. Any items not removed from the property within 14 days of payment will be deemed abandoned, and considered forfeited to Laurie Bros. Auction Services. To dispose of as necessary. 11. All Buyers agree to insure their purchased equipment as against any and all losses subsequent from the auction date until the removal of the equipment and/or lot(s) from the auction sale site. 12. All Vehicles are sold "As Is". An "As Is" vehicle is by definition not in a roadworthy condition, mechanically sound or maintained at any guaranteed level of quality. The vehicle may not be fit for use as a means of transportation and may require repairs at the buyer's expense. It may not be possible to register the vehicle to be driven in its current condition. All bidders must inspect the vehicles and equipment to their own satisfaction before bidding. All vehicles are sold without warranty or guarantee and with all defects as presented to the buyer. All risk associated with the purchase lies with the buyer. The Auctioneer will not be held accountable for any discovered defect unless the item was misrepresented. The Auctioneer will be guided by the rules and laws of vehicle sales/auctions in Iowa. 13. All used vehicles will need work for safety certificates and or mechanical fitness. Laurie Bros. Auction Service does not have or provide a mechanic who performs inspections. 14. Ownerships will be transferred into the registered buyer's name, once the item is paid in full. The transfer will be completed within 14 business days of payment. Temporary permits & trailer plates may be available for certain lots, these must be requested at time of payment. All ownerships will be mailed to the registered buyer, unless a plate has been requested. 15. All items purchased by the buyer are the responsibility of the buyer and must be removed by the buyer. Laurie Bros. Auction Service will assist with the loading of certain pieces requiring forklift or heavy machine loading. All other items must be loaded by the buyer. If you do not bring adequate assistance for loading your purchases you will be required to reschedule your pick up appointment. 16. No person shall bid on any lot for which they are the consignor or an agent or associate of the consignor. 17. The catalogue is purely a guide. It is based on information from sources believed to be reliable and from the consignor; however, its accuracy cannot be guaranteed by Laurie Bros. No refunds or returns will be offered at this time. All purchases are as is, and final sale.