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This sale shall be conducted within the framework of the rules listed below as posted on cannabis10x.com (hereinafter referred to as “10X”). This sale shall be conducted between Registered License Holders (hereinafter referred to as “Seller”) and Buyers (hereinafter used interchangeably with “Bidder”)
This is an Auction-Style event, not a formal auction. All sales are contingent on state approval. A refundable 10% deposit shall be held in escrow at the time of the bid. Upon state approval, the deposit plus the remaining balance shall be due and transferred by the Buyer to the Seller. Should the state fail to approve the transfer of license due to a misrepresentation by the buyer with no fault to the seller, the 10% deposit is non-refundable. It is the responsibility of the Buyer(s) to ensure that they meet the qualifications for license transfers in the state(s) they are bidding. Should Buyer need assistance in license regulations 10X can refer up to three closing attorneys to assist in the sale. 10X is not affiliated with any such referred attorney, as such 10X shall be held harmless from any actions of attorneys. Should deposit be returned to the buyer, a 1% service fee shall be retained payable to 10X.
The Buyer(s) and the Seller(s) agree that the terms listed below shall govern all sales. Buyer agrees that all information provided to 10X shall be current, complete, and accurate. All Buyers must be 21 years of age or older.
The descriptions of items appearing in the event and in advertising prior to the event are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made by Owner/Seller or 10X and employees concerning any item shall be construed as a warranty, either expressed or implied. All Buyers rely solely on their personal inspection and not on information listed or otherwise provided by 10X and employees or Owner/Seller. Bidder acknowledges that all items were available for inspection prior to the auction and, by these terms, 10X and Owner/Seller strongly encouraged Buyer to carefully inspect each item in which Buyer had any interest to determine the item’s nature. If physical assets are transferred with the sale then all ITEMS ARE ALL SOLD AS IS – WHERE IS – HOW IS and WITH ALL FAULTS, known, apparent, or otherwise. Buyer’s failure to inspect, or otherwise to be fully informed as to the nature, quality, condition, quantity and size of any item will not constitute grounds for any claim, adjustment, refund, termination of the contract for sale, or refusal to close the sale, against 10X or Owner/Seller.
This Agreement constitutes the final expression of the parties’ agreement and a complete and exclusive statement of the terms of the sale. The IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND ALL OTHER WARRANTIES, EITHER EXPRESSED OR IMPLIED, ARE SPECIFICALLY EXCLUDED from this sale and transaction and shall NOT apply to the item that is the subject of these sales. 10X does not have control over the items that are posted, and cannot guarantee the authenticity and quality of said item. 10X is not responsible for the actions the Owner/Sellers and Buyers take before, during, and after the event, typographical errors, misprints, loss of merchandise/money, damage or failure of equipment, due to your visit to this site. Use of this site is at your own risk.
Despite efforts to avoid the withdrawal of item from the sale after they are listed it may sometimes be necessary. 10X and the Owner/Seller reserve the right to do so at any time before or during the sale. The Owner/Sellers/10X of property sold through this event reserve the right to reject any and all bids in their sole discretion. If there is a reserve on an item, 10X and/or the seller have the right to bid on behalf of the seller.
Buyer will be furnished a receipt at the conclusion of the sale. Buyer must therefore provide 10X with Buyer’s current, correct e-mail address, phone number, and U.S. Postal Service complete and current mailing address.
10X is not a licensed auctioneer and this is not a formal auction event. This is an auction-style event aimed at striking deals between potential buyers and sellers who then are required to finalize state approvals. Should Buyer and Seller need attorney referrals to complete the transaction, 10X can refer up to three attorneys. However, Buyer and Seller hold 10X harmless from any action outside of the introduction of Buyer to Seller. This does not require a state mandated procedure.
Merchandise becomes the full responsibility of Buyer at time of PAYMENT. Removal is at the expense, risk, and liability of the purchaser. Any buyer having someone, other than himself, pick-up his purchases must notify the seller in writing. Any items that are non-available for any reason will be refunded at the rate of purchase. Owner/Seller and 10X agree that merchandise may remain on the sale premises for a period of time following the sale. The date by which all merchandise must be removed from the premises is posted on a case-by-case basis. After the final removal date, unless previous arrangements have been made, there will be a per day, per item storage fee charged to the Buyer on anything is not fully removed. It is the responsibility of the buyer to completely remove any article purchased by him, and should any part of any such article be abandoned, the buyer will be liable for any expense involved in its removal. Online buyers are required to provide a valid MasterCard or Visa in order to be approved to bid. This card will not automatically be charged without your written authorization, unless you fail to respond to our requests for payment. We reserve the right to charge your credit card for your purchases in the event of non-payment. Any purchases, whether paid for or not, will be considered abandoned if not picked up with 10 days of the event.
I hereby waive all claims to future litigation against 10X regarding my visit to these premises on any and all preview days, any and all sale days and any and all days requiring removal of purchased merchandise from premises for the following: 1) Accident or injury to me or damage to my property resulting from acts other than those caused by the negligence of 10X. 2) Claims for loss or damage to any personal property or equipment that I may bring on to the premises. It is further understood and agreed that I, nor any person(s) accompanying me, will attempt to operate or activate any machinery or equipment without direct permission from a representative of 10X. It is furthermore understood and agreed that, if permission for operation or activation is granted, I will assume all liability for damage and costs of repair if I, personally, or my representative(s) causes damage to the machinery, equipment, or the premises during inspection or removal. A site is a potentially dangerous place. It is not a place for children. Flammable, noxious, corrosive, pressurized and otherwise hazardous substances may be present. Heavy equipment may be operated, and electrical circuits may be live. Every person enters such site at his or her own risk with notice of the condition of the premises and the activities that will be or have been conducted on the premises. Bidders shall so advise their agents and employees. No person shall have any claim against 10X, the seller or their respective agents or employees for any injuries sustained or for damages to or loss of property that may occur at such site. Neither 10X nor Seller shall be liable for any damages of any type or nature (whether in contract, tort or otherwise) sustained or claimed by any bidder, person or entity in connection with the auction. Without limiting the foregoing, in no event shall 10X’s liability to any bidder for any act or omission occurring in connection with the event exceed the amount that such bidder, person or entity has actually paid to 10X as a deposit or as payment for a purchased item. I understand the risk associated with being outside of my home and in the proximity of others during to COVID-19 virus. I understand the COVID-19 virus’s highly contagious nature. I hereby voluntarily agree to release, indemnify, defend and hold harmless, 10X, and their respective agents and employees from any and all liabilities, claims, losses, causes of action or expense of any kind, including reasonable attorneys’ fees, resulting from a Released Party’s negligent act or omission, arising out of my participation in and presence at the auction whether related to bodily injury, infection due to COVID-19 virus, property damage, or any other form of injury or loss. I acknowledge the activities to which this release applies can be dangerous, I am accepting those risks for myself and for any participants who may be in my care. I acknowledge that I am familiar with local, state and federal guidelines and executive orders related to the COVID-19 virus and social distancing. I am participating at the event of my own free will.