CONSIGNOR TERMS & CONDITIONS
Lonehollow Deer Summit, July 27, 2019
All consignment submissions must be fully submitted NO LATER THAN May 15, 2019
Texas Deer Association (TDA) is acting as a facilitator only between the Consignor and Buyer and shall not be deemed an agent.
Sale Offers: For Deer, Consignor may offer amount due at time of sale of 50%, 25% and 15% of sales price to be paid to TDA, with the balance payable to the Consignor at time of animal delivery/pickup. For Deer Semen, amount due at time of sale is 100% of sales price to be paid to TDA.
Description & Guarantee: Consignor shall make all reasonable efforts to ensure the accuracy of the information provided for each lot submitted for the sale. Guarantees and representations are strictly between Consignor and Buyer. Neither TDA nor the Auctioneer assumes any liability for misrepresentations, errors or omissions in the information or photographs provided by the Consignor and will make no guarantees expressed or implied as to the accuracy or suitability of the Consignors’ lots for any use or purpose.
Buy-Backs: Consignor agrees to advise TDA of any Buy-Back immediately after each sale and agrees to pay a 2.5% administration charge should failure to advise TDA immediately, requiring a re-invoicing. If the Consignor does not desire to sell the lot for the last announced price in the auction, they may “buy-back” the lot by personally bidding on that lot themselves or through a designated agent, which includes the Auctioneer.
Cancellations/Pulls/Scratches: Any lot removed from the auction by the Consignor AFTER the Auction Catalog has been finalized will result in a $750 fee unless the lot is replaced on a timely basis with a like kind and/or value offered for sale.
Commission: Consignor agrees to pay a 10% Commission on sales price or the last announced price for a Buy-Back, or a minimum commission of $250, whichever is greater. If the lot is split, the minimum commission shall apply to the aggregate sales price.
Consignment (Lot) Fee: Consignor agrees to pay TDA a non-refundable consignment fee of $150 per lot for entry into the sale. This fee may be either deducted from the Consignor’s sale proceeds, if applicable, or invoiced.
Settlement: Consignor agrees to be paid within 10 – 15 banking days of TDA’s receipt of payment from the Buyer. Such payment to the Consignor will be monies collected from the Buyer less related Commission AND any other monies owed by Consignor to TDA. If Consignor has not received payment from TDA for a lot, the Consignor agrees to confirm with TDA the receipt of amount due PRIOR to releasing the Deer or Deer Semen to the Buyer.
Transfer of Possession: Consignor agrees to maintain, in good condition, possession of the Deer or Deer Semen until full settlement is made and lot has been transferred to Buyer, within the time frame described above.
Liability & Assumption of Risk: All persons who attend the auction sale, do so at their own risk. Neither the TDA, its Auctioneer, its Employees or Directors assume any liability, legal or otherwise, for any accidents or miscommunications that may occur.
Contract: Only completed consignment application forms will be accepted. Submission and acceptance of a consignment constitutes a contract for TDA to sell the lot and may not be voided, except upon mutual agreement. Once the Auctioneer announces “SOLD”, a contract is created solely between the Consignor and the Buyer, and a bidder sheet will be presented to the Buyer for their immediate acknowledgement via signature (and bidder #). TDA is an independent contractor and expressly disclaims any agency relationship between the Consignor or Buyer.
Should you have any questions, please do not hesitate to contact our offices at 512.499.0466.
*ONLY COMPLETE CONSIGNMENT APPLICATION FORMS WILL BE ACCEPTED.