Terms

Peoples Company Bidding Software Application License Agreement

For

Auction Bidders

 

1.  The Peoples Company Bidding Software Application ("App") is licensed, not sold, to you for use in placing bids at auctions where Peoples Company of Indianola and/or its affiliates ("Auction Company") elects to accepts bids placed through the App.  Auction Company or Auction Company's licensors retain ownership of the "App" and reserve all rights not expressly granted to you.  The terms of this License Agreement will govern any software upgrades that replace and/or supplement the App, unless such upgrade is accompanied by a separate license agreement, in which case the terms of that license agreement will govern such upgrade.  Subject to the terms and conditions of this License Agreement, you are granted a limited non-exclusive, non-sublicensable, non-transferable license to install and use the App on a mobile device owned or controlled by you.  You may not rent, lease, lend, sell, redistribute or sublicense the App.

2.  By using the App to place a bid: (i) you acknowledge that you have read and understand all of the written terms,  conditions, and disclaimers set forth herein; (ii) you agree to all such terms, conditions, and disclaimers; (iii) you acknowledge that you have read and understand all of the written terms, conditions, and disclaimers of the auction company that is responsible for the auction in which you are bidding (such terms, conditions, and disclaimers are not set forth herein and must be obtained from the auction company); and (iv) you agree to all of the terms, conditions, and disclaimers of the auction company for the specific auction in which you are placing a bid.

3.  Neither Auction Company, Auction Company's Licensors, nor the auctioneer is your employee, agent, representative, or contractor with respect to any auction in which you may participate.  Auction Company is providing an internet based service through the App that enables you to place a bid with an auctioneer at a live auction.  The auctioneer for any given auction is retained by Auction Company to conduct that given auction.

4.  Any bid that you place through the App in an auction is a legally binding offer to purchase the real or personal property being auctioned.  Your bid (i.e., offer) may be accepted by the auctioneer, in which case a legally binding agreement will be in place between you and Auction Company.  The terms, conditions, and disclaimers of Auction Company for that specific auction will be part of the foregoing agreement.

5.  All bids shall be deemed pending unless and until duly accepted by the auctioneer.

6.  The auctioneer has the sole and absolute discretion to advance the bidding, including the discretion to reject any bid which the auctioneer believes does not advance the auction and/or is injurious to the auction.  Bids that may be rejected include without limitation bids that appear to the auctioneer to be nominal, suspicious and/or suspect.

7.  No bid shall be deemed a valid bid unless and until accepted by the auctioneer.

8.  All bids are accepted at the sole discretion of the auctioneer.  For any given auction, the successful bidder is deemed the bidder that places the bid that is accepted by the auctioneer.

9.  The auctioneer shall have sole discretion in deciding the successful bidder in the event of a bidding dispute.  The auctioneer's determination of the successful bidder shall be the final determination of the successful bidder.

10.  If you are the successful bidder, you agree to pay the amount of your bid, all applicable taxes set by law, and any commissions, premiums, and other expenses that are set forth in the Auction Company's terms and conditions, including any terms and conditions that may be orally announced by the auctioneer at the auction.  You agree to indemnify and hold Auction Company harmless from and against any and all costs, expenses, losses, and damages (collectively "Damages"), including without limitation reasonable attorney's fees, Auction Company may incur with respect to your failure to pay all amounts that you are legally required to pay as the successful bidder.

11.  All sales are final upon the determination of the successful bidder by the auctioneer.

12.  Unless otherwise expressly provided by Auction Company, all property is auctioned and sold in its "as-is" condition on the day of the auction.  It is the bidder's responsibility to determine the nature, condition, and state of title of the property to be purchased at the auction.

13.  Unless otherwise expressly provided by Auction Company, all property is auctioned and sold where it is located on the day of the auction (i.e., "where-is").  The successful bidder shall make arrangements with Auction Company for accepting delivery of any personal property that is purchased at an auction.  Any shipping expenses shall be governed by Auction Company's terms and conditions for the given auction.

14. There shall be no returns or exchanges except as may be expressly permitted in writing by Auction Company under its terms and conditions for the given auction.

15.  DISCLAIMER OF WARRANTIES.  You may be entitled to warranties, conditions, and terms that may not be excluded or limited by Auction Company under applicable law. EXCEPT FOR WARRANTIES, CONDITIONS, AND TERMS THAT Auction Company MAY NOT EXCLUDE UNDER APPLICABLE LAW, THE APP IS MADE AVAILABLE “AS IS.” EXCEPT FOR THOSE NON-EXCLUDABLE WARRANTIES, CONDITIONS, AND TERMS, Auction Company MAKES NO WARRANTIES, CONDITIONS, REPRESENTATIONS, GUARANTEES OR TERMS (EXPRESS OR IMPLIED, WHETHER BY STATUTE, COMMON LAW, CUSTOM, USAGE OR OTHERWISE) AS TO ANY MATTER INCLUDING PERFORMANCE, RESULTS, SECURITY, NONINFRINGEMENT, MERCHANTABILITY, INTEGRATION, QUIET ENJOYMENT, SATISFACTORY QUALITY, AND FITNESS FOR ANY PARTICULAR PURPOSE. THIS DISCLAIMER OF WARRANTY MAY NOT BE VALID IN SOME STATES. YOU MAY HAVE WARRANTY RIGHTS UNDER LAW WHICH MAY NOT BE WAIVED OR DISCLAIMED. Auction Company DOES NOT SEEK TO LIMIT YOUR WARRANTY RIGHTS TO ANY EXTENT NOT PERMITTED BY LAW.

16.  LIMITATION OF LIABILITIES.  You may be entitled to remedies that may not be excluded or limited by Auction Company under applicable law.  EXCEPT FOR ANY REMEDIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW, Auction Company WILL NOT BE LIABLE TO YOU FOR ANY LOSS, DAMAGES, CLAIMS OR COSTS INCLUDING ANY INDIRECT, CONSEQUENTIAL, OR INCIDENTAL DAMAGES, ANY LOST PROFITS OR LOST SAVINGS, ANY DAMAGES RESULTING FROM BUSINESS INTERRUPTION, OR FAILURE TO MEET ANY DUTY OF CARE, OR CLAIMS BY A THIRD PARTY, EVEN IF A REPRESENTATIVE OF Auction Company HAS BEEN ADVISED BY YOU OF THE POSSIBILITY OF SUCH LOSS, DAMAGES, CLAIMS OR COSTS.  IN ANY EVENT, THE LIABILITY OF Auction Company IN CONNECTION WITH YOUR USE OF THE APP IS LIMITED TO THE GREATER AMOUNT OF (I) THE AMOUNT, IF ANY, PAID BY YOU TO Auction Company FOR THE APP, OR (II) TEN DOLLARS ($10.00).

17.  Neither Auction Company nor Auction Company's Licensors provide support services for the App.  Neither Auction Company, Auction Company's Licensor, nor the auctioneer shall be held responsible for a missed bid or the failure of the App to function properly for any reason.  You acknowledge that the App may not be operational at any given time for various reasons, including repairs, maintenance, upgrades to the App, and many causes that are not within the control of the Auction Company, the Auction Company's Licensors, or the auctioneer, including without limitation power failures, defects in third-party equipment, and acts of God. Furthermore, by using the App, you acknowledge that the App requires Internet or cellular service, and that Internet or cellular service is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide slow connection to the App.  You agree that Auction Company nor Auction Company’s Licensors, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues you may experience when utilizing the App.  In the event that the App fails to properly operate for any reason during any auction, thus preventing you from placing a bid, you acknowledge and agree that you are subject to the limitation of liabilities set forth above.

18.  The disclaimer of warranties and limitations of warranties set forth above, including all exclusions and limitations set forth therein, will apply to the maximum extent permitted by applicable law, even if any remedy fails its essential purpose.

19.  The terms, conditions, and disclaimers set forth herein shall be governed by the laws of the state of Iowa.

20.  In the event that redress to a court of law is necessary to resolve any dispute that arises between you and Auction Company concerning these Terms of Use or your use of the App, then you and the Auction Company hereby submit to the exclusive jurisdiction of the state courts located in Polk County, Iowa, or, as the case maybe, the federal courts located in Des Moines, Iowa for any claim relating to this License Agreement.    You consent to venue and jurisdiction and waive all questions and defenses of personal jurisdiction, improper venue, or forum non conveniens for the purpose of any proceedings brought to resolve a dispute described in this section.

21. The non-exclusive license granted to you in this Licensing Agreement is effective until terminated. Your rights under this License Agreement will terminate automatically or otherwise cease to be effective without notice from Auction Company if you fail to comply with any term(s) of this License Agreement. Upon the termination of this License Agreement, you shall cease all use of the App and destroy all copies, full or partial, of the App.