Terms and Conditions

ITBidAuction is a global B2B IT asset marketplace designed to connect buyers and sellers of IT assets.

The Platform may provide facilities including:

• IT asset auctions;
• reverse auctions;
• bulk inventory listings;
• buyer requirements;
• Wanted Board postings;
• bidding and offer submission;
• RFQ and negotiation facilities;
• buyer and seller discovery; and
• other IT asset trading and marketplace services.

Users may be required to register before accessing certain Platform features.

When registering, you must provide genuine, accurate, complete, and current personal and/or company information.

Depending on the account type and verification requirements, this may include:

• legal company name;
• business address;
• authorized representative details;
• name and contact information;
• email address and telephone number;
• company registration information;
• tax or business identification information;
• website information; and
• other information reasonably required for verification.

ITBidAuction reserves the right to verify information submitted by buyers and sellers.

We may request additional documentation or clarification where reasonably necessary to verify an account, business, listing, requirement, transaction, or user.

Registration does not create an automatic right to use all Platform services.

We reserve the right to approve, reject, restrict, suspend, or terminate an account where information cannot be satisfactorily verified or where we reasonably believe that the account violates these Terms or applicable law.

Providing false, misleading, fraudulent, manipulated, or intentionally inaccurate information is prohibited.

This includes false information relating to:

• identity;
• company details;
• authority to represent a company;
• inventory ownership;
• product specifications;
• quantity or condition;
• pricing;
• buyer requirements;
• shipping information;
• transaction information; or
• any document submitted through the Platform.

Such conduct may result in rejection of registration, removal of listings, cancellation or restriction of Platform access, temporary suspension, or permanent account termination.

Where appropriate, ITBidAuction may also preserve relevant records and cooperate with lawful requests from competent authorities.

Users are responsible for maintaining the confidentiality of their account credentials.

You must not knowingly allow unauthorized persons to access your account.

You should notify ITBidAuction promptly if you reasonably believe your account or credentials have been compromised or used without authorization.

Sellers are responsible for ensuring that information provided about their inventory is accurate.

A seller should have the legal right and authority to offer the listed assets.

Listings should accurately describe material information such as product type, manufacturer, model, quantity, specifications, condition, location, availability, and other relevant commercial details.

Buyers are responsible for submitting genuine requirements, bids, offers, and transaction information.

A buyer using an Auction, Reverse Auction, Wanted Board, RFQ, or other Platform functionality should provide sufficient and accurate information about the requirement.

Buyers must not intentionally create fake demand, manipulate bidding activity, impersonate another business, or misuse seller information obtained through the Platform.

ITBidAuction may enable sellers to make IT asset inventory available through an auction.

Users participating in auctions are responsible for reviewing the listing information, commercial terms, asset condition, quantities, logistics requirements, and other relevant information before submitting a bid.

The rules and conditions displayed for a particular auction may form additional terms applicable to that auction.

Buyers may create Reverse Auctions for IT asset requirements.

Sellers may submit offers in accordance with the requirements and conditions specified by the buyer.

Users are responsible for verifying the commercial suitability of any resulting transaction before completing it.

The Wanted Board enables buyers to publish requirements for IT assets and allows potentially relevant sellers to identify and respond to those requirements.

ITBidAuction does not guarantee that a Wanted Board posting will receive responses, that suitable inventory will be available, or that a transaction will be completed.

Buyers and sellers are responsible for evaluating each other and conducting appropriate due diligence before completing a transaction.

Unless expressly agreed otherwise, the parties to a transaction are responsible for matters such as:

• final pricing;
• payment terms;
• product inspection;
• asset condition;
• warranties;
• taxes and duties;
• shipping and freight;
• insurance;
• import and export requirements;
• data destruction or sanitization where applicable;
• delivery;
• returns; and
• other contractual obligations.

Users must not use ITBidAuction to:

• commit fraud or misrepresentation;
• submit false registration information;
• manipulate an auction or bidding process;
• create fake listings, bids, offers, or requirements;
• sell stolen, counterfeit, illegal, or unauthorized goods;
• gain unauthorized access to another user's account or data;
• upload malicious software or harmful content;
• interfere with Platform security or operation;
• scrape or systematically extract Platform data without authorization;
• misuse another user's confidential information; or
• violate applicable laws or regulations.

ITBidAuction may be accessible to users in multiple countries.

Users participating in international transactions are responsible for determining and complying with laws and regulations applicable to their activities, including applicable import/export restrictions, customs requirements, sanctions, taxes, environmental requirements, and product-specific regulations.

Availability of the Platform in a particular country does not mean that every transaction, asset, or service offered through the Platform is lawful in that jurisdiction.

The ITBidAuction name, branding, website design, software, databases, graphics, original content, and other Platform materials may be protected by intellectual property laws.

Users may not reproduce, copy, modify, distribute, commercially exploit, or create unauthorized derivative works from protected Platform materials without appropriate authorization.

Users retain responsibility for content they upload and must have the necessary rights to provide such content.

ITBidAuction may restrict, suspend, or terminate access to an account where reasonably necessary, including where:

• false or misleading information has been submitted;
• fraudulent or suspicious activity is identified;
• these Terms are materially violated;
• another user's rights are threatened;
• Platform security is threatened;
• verification requirements are not satisfied; or
• applicable law requires or justifies such action.

Where appropriate and legally permitted, we may request clarification or supporting information before taking or maintaining such action.

We aim to provide reliable Platform services but do not guarantee uninterrupted or error-free availability.

Access may occasionally be affected by maintenance, updates, technical failures, security incidents, internet disruptions, third-party services, or circumstances beyond our reasonable control.

To the maximum extent permitted by applicable law, ITBidAuction will not be liable for indirect, incidental, special, consequential, or similar losses arising from transactions or interactions between independent users, including losses relating to failed transactions, inaccurate user-provided information, payment disputes, shipping problems, asset condition, or user misconduct.

Nothing in these Terms excludes or limits liability where such exclusion or limitation is prohibited by applicable law.

To the extent permitted by applicable law, users may be responsible for losses, claims, liabilities, or expenses arising from their violation of these Terms, infringement of third-party rights, unlawful conduct, fraudulent information, or misuse of the Platform.

We may update these Terms periodically to reflect changes to the Platform, business operations, legal requirements, or security practices.

The updated version may be published on the Platform with a revised "Last Updated" date.

The governing law, jurisdiction, and any applicable dispute-resolution procedure should be determined according to the legal entity operating ITBidAuction and the jurisdictions in which its services are offered.

These provisions should be completed and reviewed by qualified legal counsel before publication.