Terms & Conditions

Terms of Sale: 

Upon Seller acceptance of bid, a request for funding will be sent to the Buyer via email. Full payment, via wire transfer, is required within 72 hours of the invoice date. All bids are contractually binding and the selected winning bidder is required to complete all transactions. Defaulting bidders will be permanently removed from buyers list.

This item is offered AS IS WHERE IS and the Buyer is solely responsible for all logistics, transportation, loading, and associated costs. Photographs of the item may depict personal property and other items which are NOT considered part of the sale -- confirm inclusion of materials BEFORE bidding as no adjustments will be made. 

Documentation: 

Documentation provided with this sale includes ONLY that specifically identified in the listing.  NO OTHER DOCUMENTATION WILL BE MADE AVAILABLE.  Identified documentation will be available for pickup at Verus Valuations Ltd. during regular business hours unless otherwise specified.

Payment Terms:

Make payment payable to Verus Valuations Ltd.. Payment must be received within 3 Business days of your receipt of this Request for Funding. Payments may be made thru direct deposit or transfer at BMO, Wire transfer, or Bank draft(certified funds) couriered to our office. All direct deposits will be subject to a 10 day hold and potential increased storage costs. Please contact our office for details. Buyer is solely responsible for any costs associated with sending funds. Verus Valuations Ltd. will hold the purchase price in trust as per published Terms and Conditions. Verus Valuations is not an agent of buyer or seller, and does not take title to the items at any point in the sales process. This sale is governed by the Verus Valuations Ltd. Terms and Conditions.

Pickup Terms:

A Salvage Bill of Sale will be forwarded to buyer upon receipt of payment.  The Buyer must take possession of goods no later than 3 business days after receipt of the Salvage Bill of Sale unless alternative arrangements are approved by the Seller. Transfer of possession of goods to the Buyer completes the sale transaction. NO ADJUSTMENTS FOR DISCREPANCIES WILL BE MADE FOLLOWING SALE COMPLETION.

Any goods that have not been picked up within 14 days after the scheduled pickup date will be deemed ABANDONED, and after such period, the buyer will forfeit all rights to the abandoned goods and any money paid for such goods.

User Agreement:

Before you may become a registered user on the verusauctions.com, you must read and accept all of the terms in this Agreement. If you do not agree to this Agreement, you may not buy, sell, bid or use any other services offered by Verus Valuations Ltd. on verusauctions.com. This Agreement is effective on May 14, 2019 for current users, and upon acceptance for new users.

We may amend this Agreement at any time by posting the amended Agreement on verusauctions.com.  Your continued use after our posting of any changes will constitute your acceptance of such changes.

Verusauctions.Com Is A Venue:

Verusauctions.com is only a venue for our users to sell and buy items. We provide a venue for listings, bids and acceptances, and facilitate the exchange of information between buyers and sellers.

Transaction Completion:

The winning bid of all sales may be accepted at the sole discretion of the seller.  Following acceptance of the bid, the Buyer will be provided with an invoice (Request for Funding) which outlines payment terms. Following receipt of payment, the Buyer will be provided with a Salvage Bill of Sale.  The sales transaction is considered complete at the time the buyer takes possession of the goods.

Disputes:

Verus Valuations Ltd., its employees or agents will not be responsible for any matter relating to the use of verusauctions.com or the purchase and sale of items listed on verusauctions.com.

Non Completion of Sale:

Any buyer that does not complete payment at close of sale will be subject to a fee of 10% of the closing bid with a minimum fee of $500.00 CDN.  Verus Valuations Ltd will determine (at its sole discretion) the eligibility for the buyer to participate in any future auctions.

Bid Correction:

Any bidder that enters a bid incorrectly and requests to have said bid retracted, more than 24 hrs prior to the close of the auction, must submit a request for retraction online within 1 hour of the bid being placed. Bit corrections are limited to one free retractions in each calendar year.  Subsequent bid retractions will be subject to a $100.00 fee. All bid retractions requested within 24 hours of auction close will be subject to a $500 fee.

Limitation Of Liability:

ALL ITEMS LISTED ON  VERUSAUCTIONS.COM ARE SOLD "AS IS, WHERE IS" WITH NO WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.

Trust Agreement:

After selection of the winning bid on verusauctions.com, the winning bidder is required to pay the agreed purchase price and fees to Verus Valuations Ltd.. Verus Valuations Ltd. will act as Trust Agent to hold agreed purchase price in Trust until completion of item sale. Following transaction completion, Verus Valuations Ltd. will release agreed purchase price to the Seller.  Should any dispute arise between the buyer and seller with respect to the Trust Funds, Verus Valuations Ltd. shall have the right to refrain from taking any action other than to retain custody of the Trust Funds until joint written consent is received or the funds are disposed of through an order from a court in the province of British Columbia.

Eligibility:

Verusauctions.com is available only to individuals and entities that can form legally binding contracts.  All user information must be accurate and complete at all times. Verus Valuations Ltd. may ask for additional information at any time to verify your registration information. Verus Valuations Ltd. may, in its sole and absolute discretion, refuse service to any applicant or user.

User Responsibilities:

When using verusauctions.com, you agree that you will not do any of the following:

    Violate any laws, specific rules or policies for verusauctions.com;
    Violate, infringe, or cause Verus Valuations Ltd. to violate or infringe, the intellectual property or other rights of any third party, including copyright, trademark, trade secret, privacy or other proprietary rights;
    Fail to pay fees owed to Verus Valuations Ltd.;
    Fail to deliver payment for items purchased by you;
    Fail to deliver goods purchased from you;
    Manipulate the price of any posted item, whether by bidding through a secondary account or other party, by communicating with other buyers or by any other means;

Applicable Law:

This Site is controlled by Verus Valuations Ltd. from its office in Maple Ridge, B.C. Canada. The courts of the Province of British Columbia shall have exclusive jurisdiction with respect to any claims against Verus Valuations Ltd., verusauctions.com, its employees or agents.