| Payment Terms |
At the close of Producer Auction, the winning bidder (the buyer) for each item will be contacted by email and/or phone within five business days to notify him/her of his/her winning status and request payment for unpaid winning items. As the buyer, you may not retract your bid and are obligated to make full payment of the total purchase price within three days of notification. If a buyer cannot be contacted, or if payment is not received in full within three days of contact first being initiated, the Bidder Trust Committee reserves the right but is not obligated to disqualify that buyer and offer the next highest bidder the opportunity to purchase the item. If such offer is accepted you will be obligated to make full payment of the total purchase price within two days of acceptance. The Bidder Trust Committee reserves the right to continue the process of disqualification and notification of subsequent bidders, or to remove the item from sale.
The Bidder Trust Committee may contact the next bidder following the auction on any unsold items, thereby causing the leading bid that previously had not met reserve to now become a winning bid at the reserve amount bid. By agreeing to participate in this auction, you have agreed that each and every bid placed is a legally binding offer to purchase the item at the price bid, whether the bid has met reserve at the time of your bid or not. If agreed upon, the Bidder Trust Committee will arrange payment for the item at the price bid amount.
Complete payment and Proof of Winning Bid instructions will be sent out via email to the Winning Bidder following Producer Auction. Winning Bid fulfillment methods may also be available depending on the item purchased. Payments will be accepted by mail to: The Western Producer, Box 9800, Winnipeg, MB. R3C 3K7. Payments must be received and cleared before the release of the item.
The total purchase price of an item for each winning buyer is defined as the leading bid for the item at the close of Producer Auction. In the event that a buyer is disqualified and the item offered to the next highest bidder, the total purchase price shall be the next highest Bid, plus any applicable transaction taxes required by law to be collected and remitted.
The buyer shall pay the total purchase price to The Western Producer, except in the case of Automobiles, Real Estate and other high priced items, which may require a non-refundable deposit of 1 per cent to 5 per cent of the winning bid price in order to guarantee your commitment while further financing is being arranged.
It is the seller’s and the buyer’s responsibility to obtain any applicable or necessary licenses, registrations, or any other form of approval for the items sold and to pay any fees associated therewith.
Choose your maximum bid carefully, as you will be legally bound to pay up to that price (plus any applicable taxes) if it is the final highest bid. Once full payment of the total purchase price has been made on the item, the buyer will receive a receipt to be presented to and collected by the seller to release the item to the buyer. All item delivery or pick-up arrangements must be made with the respective seller. Delivery may incur additional charges above and beyond the total purchase price, to be negotiated separately between the buyer and seller. All sales are final.
If the buyer fails to comply with these rule -including the obligation to make full payment of the total purchase price within the time limits and terms set out herein, in addition to other remedies available to the Producer Auction and the seller-the Producer Auction or the seller may cancel the sale and re-offer the item or sell it privately. Buyers will remain liable for any damages or losses caused by their default.
The Producer Auction will charge all required taxes where applicable to winning bidders and remit these collections to their respective government agencies, except in the cases of items such as Motorized Vehicles, Automobiles or Real Estate where the sponsor will collect applicable taxes. If you are the buyer on a vacation, you are responsible for all expenses not specifically included such as airport taxes, ground transportation etc. and must have all documentation necessary for travel. Please note that in some states or municipalities, homes or vehicles carry special tax legislation that requires that tax be paid on Fair Market Value.
As stated in these rules, all sales are final. However, in the event that an item you won and paid for was not fairly represented in the Western Producer auction feature pages, or on the Producer Auction website, a refund may be considered. To be considered for a refund, the buyer must submit a request within forty eight(48) hours of completing payment and receiving winning bid notification. Please see the Contact Us page for contact information to which buyers must submit their request. We will notify the buyer via e-mail of the status of the refund application once we have received, reviewed and processed the request. If the refund application is successful the buyer can expect a refund in the same form of payment as originally used to make payment, within 7 to 14 business days of our receiving and approving the request. Please note that refunds are not guaranteed, they will only be granted in cases of unfair representation of an item as determined by the Bidder Trust Committee.
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