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Impact Technology Inc.– Online Auction Terms & Conditions
These terms govern participation in Impact Technology asset disposition auctions hosted on WireBids. By registering to bid, you agree to comply with all terms outlined below. These auctions are conducted to liquidate unencumbered equipment from Impact Technology operations following catastrophic facility damage.
1. General Terms of Sale
All items are sold AS IS, WHERE IS, with no warranties, guarantees, or returns. Bidders are responsible for evaluating all assets prior to bidding. No claims will be accepted regarding condition, usability, or completeness once bidding concludes.
2. Bidding Commitments
If you are the highest bidder when a lot closes, you are entering a binding agreement to purchase that item for the final bid amount. Bids may not be retracted. Impact Technology reserves the right to set minimum reserve prices on select high-value items and to verify bidder identity prior to accepting bids.
3. Buyer’s Premium
A 10% buyer’s premium will be added to the final bid price for each item.
4. Payment Terms
Invoices will be issued by WireBids following auction close. Full payment is due within 3 business days. Acceptable payment methods include wire transfer, cashier’s check, or ACH. Payment instructions will be included with the invoice. Items will not be released until full payment is confirmed
Pickup, Shipping, and Removal
Buyers are responsible for coordinating and paying for removal and freight.
Impact Technology provides the following assistance:
- On-site loading support (forklift, dock access) by appointment.
- Basic crating and palletizing services available; standard charge is $500 per crate for heavy machinery. Other materials (pallets, shrink wrap, padding) may be billed as needed.
- Removal must occur during the designated window (typically within 2–3 weeks after auction close). Buyers must schedule pickup times in advance.
- Any outside riggers or freight carriers must present a signed liability waiver.
Failure to remove purchased lots by the deadline may result in storage charges or forfeiture without refund.
Shipping & Packaging Information
- Freight Guidance: Impact Technology can provide shipping weights, dimensions, and referrals to third-party freight providers.
- Buyer's Responsibility: Buyers must arrange freight and ensure proper insurance coverage.
- Impact Technology does not guarantee shipping timelines and is not liable for damage once an item leaves the facility.
- Impact Technology reserves the right to decline disassembly for the purpose of small-parcel shipping. Items will be released as listed.