Weatherly Farms Dispersal Auction
Payment is due 3 (three) business days following the auction, no later than MONDAY, AUGUST 5, 2019
Flashpoint Bloodstock Auctions combine 40 years of auction management experience in handling the sale transactions for over 80,000 horses together with the proven Online Auction technology provided by EDJE Auctions.
This is High Performance Marketing for the digital age. Please contact Flashpoint Bloodstock at 866-652-7789 for assistance or email us at info@ThoroughbredAuctions.com
|Auction Dates/Times:||Start: July 28, 2019 5:00 PM ET
Close: July 31, 2019 5:00 PM ET
This is an ALL ONLINE Auction where Buyers can do their shopping and Sellers can market from the comfort of home. For more information visit www.ThoroughbredAuctions.com.
PAYMENT: Payment is due 3 (three) business days following the auction, no later than MONDAY, AUGUST 5, 2019
METHOD OF PAYMENT: Credit Card or Bank Wire Transfer
Buyer’s Premium: A Buyer’s Premium in the amount of 7% of the successful final bid of any horse purchased will be added to the Final Bid price to determine the Total Price of the horse.
Sales Tax: Buyers residing in West Virginia will be required to pay West Virginia Sale Tax of 6% of the Total Price, unless Buyer is tax exempt and appropriate forms have been completed.
Currency: All Transactions are in United States Dollars (USD)
Terms and Conditions
Please read these Terms and Conditions carefully, as they will govern your use of Flashpoint Bloodstock, LLC’s (“Flashpoint”) website and auction services. Those who bid are bound by these Terms and Conditions, as amended by any posted notices, which together form the contract of sale between the successful bidder (“Buyer”) and Weatherly Farms (“SELLER”). When bidding on any horse offered by Flashpoint, the Buyer and SELLER indicate acceptance of the following Terms and Conditions. Any participation in the auction binds you to these Terms and Conditions, whether or not you read or understand said Terms and Conditions. If you do not wish to be bound by these Terms and Conditions, you may not use the Flashpoint website or auction services. All horses sold are subject to the following Terms and Conditions which shall control the mutual, reciprocal duties among Flashpoint, the SELLER and the Buyer.
The Bidder acknowledges that he or she has read the Terms and Conditions of Sale.
The Bidder acknowledges that in the event that the Bidder’s offer is accepted, that the Terms and Conditions of Sale shall be part of the sales contract.
1. PURPOSE. The purpose of these Terms and Conditions is to: a) establish sale procedures; b) facilitate informed bidding; c) provide for orderly settlement of finances in completion of purchases; d) allocate rights, responsibilities, and risks; and e) provide for orderly dispute resolution.
2. AUCTION SITE USER AGREEMENT: Buyer and SELLER agree to these Terms and Conditions of Sale and affirm under penalties of perjury that all information furnished is true and correct. Buyer and SELLER represent and agree that he/she is of legal age and is competent to form a binding contract.
3. REFUSAL OF SERVICE: Flashpoint and www.thoroughbredauctions.com reserve the right to reject any bid or refuse to issue a bidding number to anyone for any reason.
4. BUYER’S PREMIUM: Buyers of horses in this auction will pay a Buyer’s Premium to Flashpoint in the amount of 7% of the total price of any horse or pony purchased. The Buyer’s Premium is added to the winning, final bid to establish the purchase price.
5. BUYER’S UNDERSTANDING: By placing a bid in this auction, Buyer agrees: a) to be responsible for any purchase made or actions taken by an Agent authorized by Buyer to act on Buyer’s behalf; b) that registration to bid is not assignable without the express written approval of Flashpoint; c) to make any sale transaction for this entry through Flashpoint; d) that if he/she has the winning, final bid, or accepted bid in auction subject to SELLER Confirmation, Buyer has entered into a binding contract to purchase the horse.
6. BUYER’S RESPONSIBILITY: By placing a bid in this auction, Buyer is indicating he/she has examined or researched a horse to their satisfaction. Prior to Bidding, Buyer may: a) ask SELLER for additional information; b) make an appointment with SELLER to examine the horse at SELLER’s facility; c) arrange with SELLER to have a licensed veterinarian perform a pre-purchase examination; or d) hire an agent or equine professional to inspect and evaluate the horse.
7. REPRESENTATION OF HORSE: There is no warranty expressed or implied by the sales company, auctioneer, sponsors, or SELLER, as to the performing soundness, merchantability or fitness for any particular purpose of any horse offered in this sale. All horses are sold “AS IS” with all existing conditions and defects. Flashpoint Bloodstock LLC and SELLER assume no responsibility whatsoever to anyone for blemishes, defects, the physical condition or health of any horse and makes no warranties or representations of any kind in the sale. THE BUYER HAS THE RESPONSIBILITY TO EXAMINE HORSES BEFORE BIDDING.
Buyer agrees to hold Flashpoint Bloodstock LLC and SELLER harmless from any claims arising out of any such inaccuracies or omissions.
8. REGISTRATION PAPERS: All registrations papers will be mailed to the Buyer or otherwise made available to the Buyer within twenty (20) business days of the SELLER’S receipt of the final payment for the sale. The stallion certificate will be mailed to the Buyer.
9. COGGINS REPORT: SELLER must provide a copy of a Negative Coggins Report drawn within 6 months prior to the end of the auction. Flashpoint may sell horses on a 12-month Coggins but this will be noted in the online sale catalog.
10. HEALTH CERTIFICATES: Buyer is responsible for obtaining any Interstate Health Certificate and/or International Import or Export papers that may be necessary for transportation of the horse.
11. DISCLOSURES: Every effort has been made to assure correctness of the online sale catalog listing for each Horse, but Flashpoint is not responsible for errors or omissions and assumes no liability as to any such statements, either verbal or written regarding horses sold.
12. NO IMPLIED WARRANTIES: There is no warranty expressed or implied by Flashpoint or SELLER, as to the performing soundness, merchantability or fitness for any particular purpose of any horse offered in this sale, other than those made specifically by SELLER. ALL HORSES ARE SOLD “AS IS” WITH ALL EXISTING CONDITIONS AND DEFECTS.
13. TRANSPORTATION FROM SELLER TO BUYER: Buyer is responsible for the cost and arrangements for transportation of the horse from SELLER to Buyer. Immediately after the end of the auction, Buyer shall contact SELLER to schedule transportation for the horse.
14. RISK AND RESPONSIBILITY FOR HORSE: Buyer assumes all risk, responsibility and expense for the horse at the end of bidding or, if sold pending confirmation by SELLER, upon confirmation of selling price by SELLER. SELLER agrees to provide basic board and care for up to five (5) days at no additional charge. Beyond five (5) days, Buyer will be responsible to pay for board, at a cost determined by SELLER, plus any other expenses that may be required to maintain the horse until Buyer takes possession or has the horse picked up from SELLER.
15. BIDDING ERRORS: Buyer should make sure to review all bids before and after submitting. If Buyer mistakenly increases his/her own bid, places his/her bidder number in the bid field, or makes a gross error, Buyer must immediately contact the Flashpoint office by email with a written request to reverse the bid and the reasons for the request. Please be advised that Flashpoint may not be able to reverse a Buyer’s bid in which case Buyer will remain the high bidder. Be aware of increasing your own bids.... some bidders increase their own bid to price a horse out of reach of other bidders. Flashpoint will not reverse bids that have caused another bidder to be outbid. If Buyer bids on the wrong horse, Flashpoint will not reverse that bid. Please make sure to immediately review all bids. Flashpoint will not reverse bids after the auction has begun to close. There will be NO exceptions.
16. SALES TAX: Buyers residing in West Virginia will be required to pay West Virginia Sale Tax of 6%, unless exempt and appropriate forms have been completed.
17. PAYMENT BY BUYER: Once bidding is closed, an invoice will be emailed to Buyer. Payment in full must be made within three (3) business days after the sale is closed. Payment must be made to Flashpoint Bloodstock, LLC for all sales. ALL SALES ARE FINAL. Payment may be made in the form of MasterCard, Visa, or American Express credit cards, cash, or bank wire transfer. In no case may any part of the purchase price be paid directly to the SELLER by the Buyer, as such payment shall not be valid or entitle the buyer to obtain the horse.
18. RELEASE OF HORSE TO BUYER: A Horse will not be released to a Buyer until Buyer has made full payment for the horse and funds have been verified. Once bidding concludes, and Flashpoint has collected payment from Buyer, Flashpoint will send to SELLER a Buyer Confirmation Form (BCF). When Buyer or transporter arrive to pick up the horse, they will provide SELLER their copy of the BCF to confirm payment. Buyer or transporter will sign SELLER’S copy of the BCF and e-mail or fax it to Flashpoint.
19. DEFAULT ON PURCHASE: If Buyer fails to pay for the horse in accordance with the terms of Paragraph 17 above, Flashpoint or SELLER shall have the right to re-sell the horse or bring legal action, in which event Buyer agrees to pay all cost of such legal action, together with reasonable attorney’s fees as awarded by the court. In the event of re-sale, the defaulting Buyer agrees to pay all costs of re-sale and price deficiency, if any. Buyer further agrees to pay any deficiency in the commission and buyer’s premium, if any. Interest of 1-1/2% per month will be charged on the unpaid balance.
20. REGISTRATION PAPERS: All registration papers will be held by Flashpoint until all checks clear the bank (21 days), at which time they will be mailed to Buyer. NOTE: If Buyer desires to obtain papers immediately, the horse or horses must be paid for with bank wire, cash, credit card, cashier’s or Official Bank check.
21. BROODMARES: All mares that are selling as bred have been checked for pregnancy by a veterinarian prior to the sale and a statement of the results will be disclosed in the online sale catalog. No live foal guarantee or return privileges will accompany any mare sold in this auction. Flashpoint will mail the stallion service certificate to the Buyer of the mare.
22. NO GUARANTEE OF SERVICE: Flashpoint, and EDJEAuctions.com (EDJE Technologies, Inc.) do not guarantee or covenant that the Auction technology, the EDJEAuctions.com site or any related services will meet Buyer’s or SELLER’s requirements or be uninterrupted or error-free. EDJEAuctions.com (EDJE Technologies, Inc.) does not guarantee real-time performance of any service or that it will execute all online or absentee bids.
23. PROHIBITED CONDUCT: Flashpoint, at its sole discretion, may ban from further use, any Buyer who has failed to abide by the Terms and Conditions, or engaged in any improper auction conduct as determined solely by Flashpoint. Any Buyer who improperly fails to carry through with a purchase will be banned from any further use and may be subject to additional legal actions.
24. REFUNDS: In the event that a refund or partial refund is made to Buyer for the purchase price of an entry, the refund shall be made in the same manner that payment was made.
25. INDEMNITY: Buyer releases Flashpoint, SELLER, Sale Managers, Auctioneers, employees and their representatives, from any and all responsibilities, liabilities, obligations, claims, lawsuits, or legal proceedings arising from the sale of any horse in this auction. If legal action is initiated against Flashpoint involving an horse in this auction, Buyer agrees to fully indemnify Flashpoint from such suit, including legal fees and costs incurred by Flashpoint.
26. APPLICABLE LAW: These Terms and Conditions shall be governed by the laws of the State of West Virginia.
27. BINDING ARBITRATION: BY VIRTUE OF THE FOLLOWING ARBITRATION PROVISIONS, SELLER AND BUYER, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT THAT THEY MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION ARISING FROM OR CONNECTED WITH THE PURCHASE OR SALE OF A HORSE AND THE USE OF FLASHPOINT’S WEBSITE AND AUCTION SERVICES.
A. Claims involving Buyer and SELLER: Any dispute or controversy between Buyer and SELLER that cannot be resolved informally by agreement, shall be settled finally, completely and conclusively by binding arbitration, by an arbitrator chosen in accordance with the Commercial Arbitration Rules of the American Arbitration Association. Arbitration shall be initiated by submitting a Demand for Arbitration to the American Arbitration Association, which can be found at www.adr.org. The arbitration shall take place in Jefferson County, West Virginia unless mutually agreed otherwise. A decision of the arbitrator shall be final, conclusive and binding on the parties, and judgment may be entered thereon to enforce such decision and the benefits thereof. Any arbitration held in accordance with this paragraph shall be private and confidential, and no person shall be entitled to attend the hearings except the arbitrator, the stenographer (if one is requested), the parties and the attorneys for the parties and/or representatives designated by the parties. The matters submitted for arbitration, the hearings and proceedings thereunder and the arbitration award shall be kept and maintained in strictest confidence by the parties and shall not be discussed, disclosed or communicated to any person except as required by law or as necessary to enforce rights thereunder. On request of any party, the record of the proceeding shall be sealed and may not be disclosed except insofar, and only insofar, as may be necessary to enforce the award of the arbitrators and any judgment enforcing such award. In the arbitrator’s discretion, the prevailing party shall be entitled to recover reasonable and necessary attorney fees and the costs of arbitration from the non-prevailing party. Should Buyer prevail in the arbitration of a dispute and thereafter wish to return the horse and receive a refund, all fees associated with the sale become immediately due and payable to Flashpoint from SELLER. If Buyer gives notice of a dispute hereunder or refuses to pay for a horse because of a claim of misrepresentation, fraud or failure to disclose any of the specified conditions set forth in Paragraph 8 above, Flashpoint, in its sole discretion, may elect not to pay SELLER the net proceeds of the sale of the horse(s) in question until the claim has been finally resolved and the proceeds of the sale have been received by Flashpoint. Should a party fail or refuse to cooperate upon a demand for arbitration, the non-cooperative party shall be declared the defaulting party by the arbitrator.
B. Claims Involving Flashpoint: If a dispute should arise between SELLER and Flashpoint or Buyer and Flashpoint, all claims, disputes, controversies, differences or other matters in question arising out of Flashpoint’s relationship to any party in the matters stated in these Terms and Conditions and all other matters in which Flashpoint has provided any type of services at any time, whether or not those matters are encompassed within this document (including, but not limited to compensation for fees, expenses and/or commissions) shall be settled finally, completely and conclusively by binding arbitration by a single arbitrator chosen in accordance with the Commercial Arbitration Rules of the American Arbitration Association. Arbitration shall be initiated by submitting a Demand for Arbitration to the American Arbitration Association, which can be found at www.adr.org. The arbitration shall take place in Jefferson County, West Virginia unless mutually agreed otherwise. Flashpoint reserves its right to seek all legal and equitable remedies, including but not limited to civil or criminal judicial relief, in order to enforce or foreclose its security interest, to recover horses sold and not paid for in full and/or collect payment for horses. Arbitration shall be initiated by submitting a Demand for Arbitration to the American Arbitration Association, which can be found at www.adr.org. A decision of the arbitrator shall be final, conclusive and binding on the parties, and judgment may be entered thereon to enforce such decision and the benefits thereof. Any arbitration held in accordance with this paragraph shall be private and confidential, and no person shall be entitled to attend the hearings except the arbitrator, the stenographer (if one is requested), the parties and the attorneys for the parties and/or representatives designated by the parties. The matters submitted for arbitration, the hearings and proceedings thereunder and the arbitration award shall be kept and maintained in strictest confidence by the parties and shall not be discussed, disclosed or communicated to any person except as required by law or as necessary to enforce rights thereunder. On request of any party, the record of the proceeding shall be sealed and may not be disclosed except insofar, and only insofar, as may be necessary to enforce the award of the arbitrators and any judgment enforcing such award. The prevailing party shall be entitled to recover reasonable and necessary attorney fees and the costs of arbitration from the non-prevailing party.
28. LIMITS OF LIABILITY: Flashpoint shall not be liable for lost profits or any incidental, special or consequential damages whatsoever arising out of or in connection with any sale or transaction. The total liability of Flashpoint for all claims, damages, or losses resulting from Buyer’s or SELLER’s use of Flashpoint’s website or auction services, shall not exceed the amount of funds held by Flashpoint for the sale of a horse. Flashpoint reserves the right to reject or void bids, whether winning or not, that Flashpoint deems not to have been made in good faith, or that are restricted, prohibited, or taxed due to local laws. Flashpoint is the one and only judge regarding the determination of winning bidders, is the single deciding authority if a dispute should arise, and accepts no liability for any errors or omissions. Flashpoint reserves the right to reopen bidding on any disputed bids or ties. Flashpoint reserves the right to postpone or cancel a sale without notice, if determined in our discretion that such action is appropriate. Flashpoint will neither have the liability nor obligation to the intended bidders as a result of any withdrawal, cancellation, or postponement of sale.
29. PUBLICATION OF SALE RESULTS: Buyer and SELLER agree that Flashpoint may publish sale results.
30. ADDITIONAL TERMS AND CONDITIONS: The Terms and Conditions for the use of EDJE Auctions.com and Flashpoint Conditions of Sale for Buyers and SELLER as stated on the auction website, are hereby incorporated by reference and made part hereof as though fully set forth herein.
31. INTERFERENCE: Buyer and SELLER agree not to use any device, software or routine to interfere with or attempt to interfere with the functioning of or any transaction being conducted on and during the online auction sale. Buyer and SELLER acknowledge that this auction is conducted electronically and Flashpoint, SELLER and Buyer rely on hardware and software that may malfunction without warning.
32. NO AGENCY: Buyer, SELLER and Flashpoint are all independent contractors, and no agency, partnership, joint venture, employee- employer, or franchiser- franchisee relationship is intended or created by these Terms and Conditions.
34. SEVERABILITY: If any provision or portion of a provision of this agreement is held to be invalid or unenforceable for any reason, such provision or portion of a provision shall be struck and the remaining provisions shall be enforced.
|Contact:||ThoroughbreAuctions.com by Flashpoint Bloodstock LLC
Charles Town, West Virginia