**Terms and Conditions for Live Auction**
Welcome to our live auction event! We're thrilled to have you participate in this exciting auction. Before you start bidding, please take a moment to review the following terms and conditions:
1. **Registration**: All bidders must register before participating in the auction. Registration may require providing personal information such as name, address, contact details, and valid identification.
2. **Bidding**: By placing a bid, bidders agree to purchase the item at the bid price if they are the highest bidder when the auctioneer announces the winning bid. Bids are considered binding contracts.
3. **Bid Increments**: Bids must adhere to specified bid increments set by the auctioneer. Any bids not meeting these increments may be deemed invalid.
4. **Reserve Price**: Some items may have a reserve price, which is the minimum amount the seller is willing to accept. If the highest bid does not meet the reserve price, the item may not be sold.
5. **Buyer's Premium**: A buyer's premium, calculated as a percentage of the winning bid, may be added to the final purchase price. This premium contributes to administrative costs and services provided by the auction house.
6. **Payment**: Payment is due immediately following the close of the auction unless otherwise specified. Accepted forms of payment may include cash, credit/debit cards, or certified funds. Failure to make payment within the specified timeframe may result in penalties or disqualification from future auctions.
7. **Item Condition**: All items are sold "as is" and "where is" without warranty or guarantee, unless explicitly stated otherwise. Bidders are encouraged to inspect items before bidding. Any descriptions provided are for informational purposes only and may not be accurate representations of the item's condition.
8. **Withdrawal of Items**: The auctioneer reserves the right to withdraw any item from the auction at any time before the close of bidding, without prior notice.
9. **Dispute Resolution**: In the event of a dispute, the decision of the auctioneer is final. Any disputes regarding bids or item descriptions must be brought to the attention of the auction staff immediately.
10. **Removal of Purchased Items**: Purchased items must be removed from the premises within the specified timeframe, usually on the same day as the auction. Failure to collect items within the designated timeframe may result in storage fees or forfeiture of the item.
11. **Conduct**: All participants are expected to conduct themselves in a respectful and professional manner. Any disruptive behavior may result in removal from the premises and prohibition from future auctions.
12. **Legal Compliance**: Bidders are responsible for compliance with all applicable laws and regulations governing the purchase and ownership of auction items.
By participating in the auction, bidders acknowledge and agree to abide by these terms and conditions. Thank you for your cooperation, and happy bidding!
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