Lot Condition and Disclosure Policy

It is assumed lots published on Equip-Bid are complete, undamaged, and in good working order. If a lot does not meet these criteria, the affiliate is required to fully disclose detailed information about the specific lot being sold.

• List of missing parts

• Asset damage

• Malfunctions preventing the asset from operating as intended

• Any information that would affect the bidder’s ability to accurately determine asset value.

“As Is Where Is" does not apply if the lot description/pictures fail to disclose the actual condition of the asset being sold, even if the true condition of the asset was unknown to the affiliate.

Below is a list of lot categories, the attributes of each category, and the information that must be disclosed if the attribute is true of the lot being sold. Bidders agree to these lot category descriptions in the terms and conditions.

Taken from Equip-Bid's Terms & Conditions: Bidders have sole responsibility for determining an asset's value. Bidders must conduct whatever due diligence is necessary for them to assess value prior to placing a bid. Bidding strategies and amounts should be based on the asset research conducted by the bidder. By placing a bid, the bidder waives any and all claims against the affiliate based on the condition or value of items. Bidders further agree that mistakenly placed bids or buyer’s remorse because the bidder did not inspect the item or because the item is not suitable for a particular purpose will not justify failing to complete the purchase or attempting to obtain a refund on the item.