Auction Closed - Liquidation of Novo Tec Plumbing Company
Lots start closing July, 27th, 2021
Description of Property:
Results now available at Bidspotter.com
Terms & Conditions
This auction will require a refundable credit or debit card preauthorization hold of $100 in order to be approved to bid within the auction.
Auction Date & Time: lots start closing on Tuesday, July 27th at 11:00 am PT
Location: 1585 North Fourth Street, Suite J, San Jose, California
Inspection: Thursday, Friday, Saturday July 22,23 and 24
Removal: July 28 through July 31. Last day for removal: July 31, 2021 SEE DETAILS BELOW.
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• Friday, 8:00 AM EST – 6:30 PM EST
Office: (253) 858-6777 Toll Free: (866) 597-2437
Frequently Asked Questions
18% BUYER`S PREMIUM WILL APPLY TO ALL PURCHASES.
California sales tax of 9.25% will be charged on all items and buyer's premium unless the Winning Bidder has a valid CALIFORNIA SALES TAX CERTIFICATE on file with Silicon Valley Auction Service. Email email@example.com for a copy of this certificate to be completed by Winning Bidder prior to end of auction.
All items are sold "as is, where is" and there is no warranty, implied, written or verbal as to the condition, accuracy or value of any item sold.
PAYMENT: in addition to major Credit Cards and Debit Cards, we will accept cash, cashier`s check, OR wire transfer. PayPal is accepted but you must contact Silicon Valley Auction Service at the end of the auction to make PayPal arrangements otherwise your credit card used for the deposit will be charged. Buyer's Premium and local sales tax will be charged on all purchases. THE CREDIT CARD YOU USE TO REGISTER WILL BE USED FOR YOUR PAYMENT FOR WINNING BIDS AT THE END OF THE AUCTION unless you notify Silicon Valley Auction Service to make other payment arrangements PRIOR to the end of the auction (firstname.lastname@example.org). FULL SETTLEMENT OF YOUR INVOICE WILL BE REQUIRED WITHIN 48 HOURS AFTER THE END OF THE AUCTION SALE. All sales are final and are payable at the conclusion of the sale. A buyer`s premium and San Jose, CA local sales tax will be charged on all purchases unless you have a current CALIFORNIA SALES TAX CERTIFICATE ON FILE WITH SILICON VALLEY AUCTION SERVICE. The state of California does not recognize out of state sales tax certificates.
INSPECTION DATES are July 22, 23 and 24 by APPOINTMENT ONLY due to Covid-19 restrictions and all visitors are required to wear masks and practice social distancing.
REGISTRATION: This auction will require a refundable credit or debit card deposit. Your credit/debit card through BidSpottercom is fully secure and PCI compliant. Registration process will be assessed a $100.00 deposit in order to be approved to bid within the auction. You will not be approved without your credit card entered at the stage of registration being assessed a refundable deposit of $100.00. After you submit your registration information to Bidspotter, your credit card on file with Bidspotter will be charged for the $100.00 refundable deposit.
CREDIT/DEBIT CARD PAYMENTS; Payments via credit/debit card are accepted up to $5,000.00 final invoice total. Any invoice total larger than $5,000.00 must be paid by cash, wire transfer, or certified check. Your deposit may be applied to your final invoice amount, even if your final invoice is larger than $5,000.00. Your pre-authorization will be credited back within 48 hours after the end of the sale.
CHARGEBACKS: As a condition to registration and bidding, Winning Bidder agrees that Winning Bidder will not, under any circumstance, initiate a chargeback to Winning Bidder's credit card. Winning Bidder further agrees that Winning Bidder is waiving any chargeback rights that may exist under the agreement between Winning Bidder and Winning Bidder's credit card company. Should a chargeback be initiated by the Winning Bidder, these terms and conditions will be conclusive evidence of the Winning Bidder's waiver of any chargeback rights. All sales are final.
Non-payment: If any Winning Bidder fails to pay their invoice in full within the time herein specified, Silicon Valley Auction Service reserves the right to charge the Winning Bidder's credit card that was used at time of registration for any unpaid balance on an invoice plus a 18% buyer's premium.
REMOVAL OF PURCHASES: Cost, responsibility, and risk of removal of purchases remain with the Winning Bidder. It is the Winning Bidder`s responsibility to restore/repair all real or personal property that is altered or damaged as a result of the removal. Purchases must be removed from the premises in the time allocated as announced and/or posted by the auctioneer. Silicon Valley Auction Service reserves the right to charge the purchaser for the costs of storage and/or disposal beyond the removal period. Items not picked up in the time allocated will be considered abandoned. NO purchases may be removed until after the conclusion of the sale and payment is received in full.
RIGGING: Rigging is also at Winning Bidders's own expense, risk and liability. A certificate of insurance in the amount of $1,000,000.00 naming Silicon Valley Auction Service as additional insured entities must be presented to Silicon Valley Auction Service for all heavy rigging requiring the use of forklifts, cranes, etc. whether performed by the Winning Bidder or a rigging company. Winning Bidder shall restore and repair all real and personal property that is altered or damaged as a result of Winning Bidder's removal of the purchased items. Silicon Valley Auction Service has the right to reduce or eliminate these requirements at its sole discretion.
Disclaimer of Warranties:
Everything will be sold "AS IS", "WHERE IS", "AS AVAILABLE", "WITH FAULTS", with no representations, expressed or implied. Silicon Valley Auction Service, as agent and seller, expressly disclaims any warranty as to fitness or usability of all assets, and the winning bidder expressly waives any purpose whatsoever. Silicon Valley Auction Service, seller and/or advertising agents will not be held responsible for advertising inaccuracies or discrepancies. Prospective bidders are advised that Silicon Valley Auction Service does not guarantee the accuracy of description or condition of the subject property. Prospective bidders are urged to inspect all items. Deductions will not be allowed on damaged goods since everything is sold "as is, where is" and without recourse.
No advice or information, whether written or verbal, obtained by a prospective bidder from Silicon Valley Auction Service shall create any warranties or responsibility for items purchased. The purchaser hereby assumes and does agree to indemnify and hold Silicon Valley Auction Service and seller harmless from any future claim which shall pertain to the fitness or use of the item being purchased.
Limitations of Liability: For any reason whatsoever, if an item purchased cannot be delivered, the buyer waives liability on the part of Silicon Valley Auction Service and further agrees that any obligation of said item is limited to the bid and paid for price of item. Persons attending the auction preview, sale, or removal assume all risks of damage or loss to person and property and specifically release and indemnify Silicon Valley Auction Service and seller
from liability. Silicon Valley Auction Service and/or seller shall not be liable by reason of any defect in or condition of the premises in which the sale is held.
The record of sales kept by the auctioneer and clerk will be taken as final.
Auctioneer`s Note: The auctioneer reserves the right to withdraw from the sale any of the items, to sell items not listed, to group or subdivide one or more lots, or to sell all the items listed in bulk. Items are generally sold to the highest bidder but some may be subject to the seller`s right of confirmation. The Auctioneer has the right to reject any nominal or fractional bid which he believes may negatively affect the sale. Silicon Valley Auction Service
may amend, change, modify, discontinue or suspend any aspect of the auction sale without notice and without liability to prospective bidders. Additional terms and conditions of sale may be added and will be announced and/or posted on the premises prior to the auction.
Removal: July 28 through July 31. Last day for removal: July 31, 2021 Pick up arrangements are by appointment onlly. More information to follow.
PLEASE READ CAREFULLY THE FOLLOWING INFORMATION - PURCHASES WILL NOT BE RELEASED UNTIL INVOICE IS PAID IN FULL!
REMOVAL TERMS: Buyer is responsible for removal of all items no later than July 31, 2021 by noon or by prior arrangement with auctioneer. Buyer is responsible for making arrangements so that we can process your items efficiently. We will need your name, your paddle number, name of carrier that you will be using and date and time of pickup. Pick up arrangements are by APPOINTMENT ONLY after the auction is finished. There are no staff available to help you load your items. Please arrange your own help to assist you with pick up. There is no fork lift on site.
RIGGING: Rigging is also at Buyer's own expense, risk and liability. A certificate of insurance in the amount of $1,000,000.00 naming Silicon Valley Auction Service as additional insured entities must be presented to Silicon Valley Auction Service for all heavy rigging requiring the use of forklifts, cranes, etc. whether performed by Buyer or a rigging company. Buyer shall restore and repair all real and personal property that is altered or damaged as a result of Buyer's removal of the purchased items. Silicon Valley Auction Service has the right to reduce or eliminate these requirements at its sole discretion.
If you are unable to pick up your items you must make pick up or shipping arrangements on your own.
Ed Garcia, Auctioneer