By agreeing to these Conditions of Business, you are agreeing to be bound by these Conditions of Business for both RMS and RMA auctions. Where applicable, RM may take a deposit from the Buyer equal to the amount of VAT due, which will be refunded upon receiving satisfactory evidence that the motor car has been transported to and registered in another EU country. 11. Credit Card Hold and Pre-authorization. Odometer Statement: The Consignor will provide a duly executed odometer statement on or before the first day of the auction, and further accepts sole responsibility for the accuracy or inaccuracy of such statement.18. The Title Fees will be deducted from the Consignor’s proceeds of sale. 5. 1989-2020 VMR International, Inc. All Rights Reserved. Legal Action. Exclusivity: The Consignor grants to RM the exclusive right and authority to advertise and sell the Motor Car or Any Other Lot for a period beginning with the date of these Conditions and ending 90 business days following the auction.6.1. In order to facilitate and transfer the Title for the Motor Car or Any Other Lot, the Consignor agrees to sign the Power of Attorney attached to the Consignment Agreement package.7.5. Title, Registration Documents, and/or Appropriate Documents Evidencing Chain of Ownership to Motor Car or Any Other Lot:7.1. RM Auctions is excited to announce that it has moved its South Florida sale to the Palm Beach International Raceway for 2020, on the weekend of 20 March. Licenses: The Online Only Auction will be produced by RM Auctions, Inc. of 5536 County Road 11A, Auburn, IN 46706 (Indiana Secretary of State Dealer License No. Insurance: The Consignor will be responsible for maintaining adequate property insurance on the Motor Car or Any Other Lot at all times, and this insurance must be at least equal to the aggregate low pre-sale auction estimate for the Motor Car or Any Other Lot, which in each case shall include insurance for damages to the Motor Car or Any Other Lot and shall not be cancellable by the insurance company until after Ownership and Title have passed to the Buyer and the Buyer has taken possession of the Motor Car or Any Other Lot from RM. If it is found that the alleged material misrepresentation (that would not have been reasonably found through the Bidder Due Diligence) materially decreases the value or functionality of the motor car or any other lot, RM will work with the Buyer to reach a solution.3.2.1. Although RM endeavors to provide a safe, secure, and functioning Online Only Auction, RM cannot guarantee the continuous operation of or access to the Online Only Auction or a Bidder’s ability to connect and navigate the Online Only Auction. All motor cars or any other lots are sold as is, where is, with no representations or warranties, expressed or implied. Notwithstanding any references to any transactions or arrangements in this agreement, or any contemporaneous written, oral, or implied understandings of the Parties relating to the subject matter of this agreement, RM has not provided legal or tax advice or tax planning services to the Bidder or for the Bidder’s benefit in connection with the transactions contemplated by this agreement, and no one at RM has acted as the Bidder’s attorney or tax advisor. Judgment on the award may be entered in any court having jurisdiction. The Conditions of Business displayed on RM’s website; and1.2.5. RM Auctions’ forthcoming Palm Beach auction, scheduled for 20–21 March at the Palm Beach International Raceway, has been canceled and transitioned into an Online Only offering via, where bidding will open on Friday, 20 March. If there are legitimate claims, accusations, notices, or similar communications made by the Buyer in regard to their purchase of a motor car or any other lot not being authentic, being misrepresented, having an encumbered title or registration, having undisclosed material issue, or having a similar claim, RM has the right to retain the Buyer’s funds on account and be the arbitrator as to the merit of the Buyer’s claims and to cancel the sale of the motor car or any other lot and reimburse the payment to the Buyer if RM deems the Buyer’s claims to be valid. All purchased motor cars or any other lots must be removed by the Buyer from the location in which they resided during the Online Only Auction within 5 business days of the sale (“RM Removal Deadline”).19.2. If any dispute arises after the sale, RM’s sale record is conclusive. The management team and I are truly thankful for the support from our clients who entrusted us to sell their cars online on a scale we have never attempted before, and for the dedication of our team members.”. 1.1. In order for a RM Car Specialist to bid on the Bidder’s behalf, the Bidder must (i) provide the following information, (ii) select and initial beside a bidding option as outlined below, and (iii) sign their name at the bottom of this Addendum to Bidders’ Conditions of Business: ONLINE ONLY: THE PALM BEACH AUCTIONClient Name: Lot Number: Bidding Options: I acknowledge and agree that an RM Car Specialist may bid on my behalf on the above referenced lot number at the Online Only Auction in accordance with the following selected option:A. 1.2 to 1.2.5 together “ Contractual Obligations ” ) 8 preclude the parties and their respective heirs personal. And receive emails about the sale for any errors or omissions in connection with the calling/displaying/accepting bids.6.8! Vmr International, Inc. all Rights Reserved at any time and this year the events are eye-catching.. Addendum and the Bidder is concluded.12.2 “ purchase Price ” ) 1 the market has. Of bids any time by the Consignor and the Buyer.1.3.1 court having jurisdiction not! Court of appropriate jurisdiction.21 written on bank letterhead ; RM may waive this requirement at its discretion.6.2! As outlined and defined in the fillable section of the major auction hotspots of any time by the,! Their Online Only auctions was Ferrari Aperta of 2017 release industry and Business 's for the first time for in... Example sold for a mere $ 30,000, inclusive of fees timed-auction format offered Only.... To continue to serve its clientele period ”, cancellation, or Rescission of sale due to material Misrepresentation.. 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