SELLERS ENTRY CONTRACT

SELLERS

ENTRY CONTRACT

EQUIBID

 

PLEASE READ BEFORE ENTERING HORSE  – Please keep a copy for your records. You will be bound by these Conditions whether, or not, you have read them.

By entering your horse you have accepted all conditions and agree to abide by them in entirety

 

1. AGREEMENT: a) I represent and agree that I am of legal age to form a binding contract. b) The Owner and/or Agent, (hereinafter referred to as Seller) agrees to these terms and conditions, and swear that all the information furnished regarding this entry is true and correct to the best of my knowledge. c) Seller agrees and specifically warrants, to Equibid and also to any subsequent purchasers that Seller does have absolute and complete title to and there are no liens or encumbrances on the entry listed on this contract. d) Seller warrants that any registration certificates, applications, transfers or breeding reports are correct and free from any question or action by the applicable breed registry. e) Seller agrees that this consignment contract is not assignable without the express written approval of Equibid Seller agrees to make any sale transaction for this entry through Equibid

 

2. FEES: Seller agrees to pay Equibid the applicable fees for this entry. Equibid will deduct any fees from the Seller’s account before distributing proceeds to Seller.

  • COMMISSION: 8% (eight percent) of the selling price
  • POST AUCTION SALE: If Seller does not sell this entry in the auction, but later sells it to a customer generated by the sale, Seller agrees to Equibid a commission of 8% (eight percent)of the actual selling price

 

3. PAYMENT TO SELLER: EQUIBID AGREES TO PAY TO THE CURRENT OWNER FOR THEIR ENTRY NOT EARLIER THAN SEVEN (7)BUSINESS DAYS NOR LATER THAN FIFTEEN (15) BUSINESS DAYS FROM THE DATE THE AUCTION ENDS OR FULL PAYMENT HAS BEEN VERIFIED AND FUNDS CLEAR THE BANK, whichever is later. Payment will be made to Seller, as stated above, providing all registration and breeding papers are in order, or the purchaser has not failed to pay for the entry for any reason, or the sale of the entry is not in dispute. Seller agrees that if the sale of any entry is not consummated by reason of default of the buyer or otherwise, Equibid shall not be liable for the payment or collection of the purchase price or for the return of the entry. In the event a purchaser fails to pay for and receive an entry for which they placed the final bid, Equibid shall not be held liable for said sale.

 

Seller expressly agrees to release the entry to the buyer upon receipt of Payment notification.

 

4.SELLING OPTIONS:

  • Sell with NO RESERVE or Minimum Price: Entry will sell to the highest bidder.
  • Sell at or above a Minimum Starting Bid: Entry will sell to the highest bidder that meets or bids higher than the minimum opening bid as set by the Seller.
  • Sell with an undisclosed Minimum Price: Minimum Price not posted. The Seller determines the lowest bid that will be accepted.
    • If the final bid in the auction is below the reserve bid, the entry is not sold and is retained by the seller.

 

5.INSPECTION BY BUYERS: Seller agrees to make the entry available to potential buyers for inspection or veterinary examination at a time and place agreed to by the Seller and potential buyers.

 

6.RIGHT TO EDIT OR CHANGE: Equibid reserves the right to edit, correct, or add to the Statement that I have furnished regarding this entry, to reject or withdraw any entry, or to change the time or date of this sale should any unforeseen circumstances necessitate such a change.

 

7.SELLER’S REPRESENTATION OF HORSE: Seller is solely responsible for the correct, accurate and honest representation of the horse in the entry form, including the description, disclosure form, horse information, riding and training sections of this submission, as well as in communication with potential or eventual buyers.

 

Some representations on disposition and handling are the opinion of the Seller and given only as an indication of the horse’s capability. Buyer should inspect, examine and research horse to their satisfaction. Seller is solely responsible for the accuracy of all information that appears in the online sale catalog and previews.

 

Seller is responsible for disclosing the following conditions, which must be stated in the online sale catalog: If the entry is a cribber, weaver, windsucker is unsound of eyes or wind, has a parrot mouth, is a cryptorchid or ridgling, has had major surgery or a serious illness, has been denerved or has a lameness due to navicular disorder, ringbone, osteoarthritis, founder prior to the sale, bone abnormality prior to sale, or neurological disorder prior to the sale. Seller is solely responsible for the accuracy of all information that appears in the online sale catalog and previews.

 

Seller and Buyer agree to hold Equibid LLC harmless from any claims arising out of any such inaccuracies or omissions.

 

8.EQUIBID DOES NOT GUARANTEE PAYMENT BY THE ONLINE BIDDER. Due to the nature of the electronic transaction Equibid cannot guarantee the validity or performance of an internet bidder. Seller understands that Equibid jdoes not guarantee the validity, enforceability, payment or collection of any instrument received in payment of the purchase price of any entry.

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