BUYER AGREEMENT
The GSEmarket.com World Wide Web Site (the "Site") is provided to you by GSE
Market, LP (the "Company"), and is subject to the terms and conditions of this
Buyer Agreement ("Agreement") and any rules or procedures established by the
Company from time to time which are posted on the Site whether by clicking on
Site buttons or otherwise.
BEFORE ENTERING AN OFFER OR BID ON ANY ASSET LISTED FOR SALE ON THIS SITE,
PLEASE READ THIS AGREEMENT CAREFULLY AS IT GOVERNS THESE ACTIVITIES.
By selecting the "yes" button next to the phrase "DO YOU ACCEPT THE TERMS
LISTED IN THE BUYER AGREEMENT?" you accept the terms and conditions of this
Agreement and shall be bound by them.
IF YOU DO NOT AGREE TO BE BOUND BY THE TERMS AND CONDITIONS OF THIS AGREEMENT,
YOU MAY NOT ENTER AN OFFER OR BID ON ANY ASSET FOR SALE ON THE SITE.
Terms and Conditions
1. The Site. The Site is a forum for the buying and selling
online of various aviation ground service equipment (hereinafter an "Asset" or
"Assets"). (You, as a buyer of Assets on this Site are hereinafter referred to
as the "Buyer" or "you".) The Company is not a party to any such Asset purchase
other than as a broker entitled to its Listing Fee and, if applicable, the
Awarded Bid Fee (collectively hereinafter called "Fees") all of such Fees are
paid by the seller of the Asset (the "Seller") not the Buyer. The Company has
no control over, and shall not be responsible for the quality, safety or
legality of any Asset, or the truth or accuracy of any information or
representation posted on the Site.
2. Modifications. The Company may, in its sole discretion,
amend this Agreement, at any time, by posting an amended Buyer Agreement on the
Site. Such amended Agreement will become effective upon the posting of such
Agreement on the Site. Continued use of the Site after such effective date
constitutes your acceptance of the amended Agreement. The Company reserves the
right, for any reason and at any time, in its sole discretion, to modify,
suspend, or terminate any portion of the Site without notice.
3. Registration. To use the Site as a Buyer, you must register
with the Company on the Site. Only individuals of the Buyer who are authorized
to form legally binding contracts on behalf of the Buyer are eligible to
register as a Buyer on the Site. As used in this Agreement, the term "you"
refers to both the individual user and the Buyer that the individual user
represents. In requesting a registration, or in any other communication with
the Company, you may not impersonate or misrepresent an affiliation with any
other person or entity, nor may you attempt to communicate with the Company in
an anonymous manner. Upon your completion of a registration application and
acceptance of this Agreement, your registration application will be reviewed by
the Company. The Company may, in its sole discretion, reject your application
for any reason and/or terminate your access to the Site at any time for any
reason.
4. User Name and Password. If your registration application is
approved, the Company will notify you and your user ID and password will be
activated. Each user ID and password may only be used by you on behalf of the
business that you represent, as indicated on the applicable registration
application. You will be responsible for the confidentiality and use of your
user ID and password, and you will be held solely responsible for all
communications made through the Site using your user ID and password. You must
immediately notify the Company if you become aware of any loss or theft of your
password or any unauthorized use of your password, user ID, or of the Site.
5. Grant of License. Subject to the terms and conditions of
this Agreement and any other rules or procedures established by the Company
from time to time, the Company hereby grants to you a revocable, nonexclusive,
nontransferable license, without the right to sublicense, to use this Site
solely for your purposes as a Buyer. Except as expressly set forth herein, you
may not modify, copy, distribute, transmit, reproduce, publish, license,
transfer, sell, mirror, frame, or otherwise use any information or content
obtained from or through the Site. You represent and warrant to the Company
that you will not use this Site for any purpose that is unlawful or prohibited
by this Agreement. You are responsible for providing, at your expense, all
communications lines, hardware, software, services and other materials and
technology necessary for you to access the Site. The Company shall have no
responsibility for any failure of such items or any failure or limitation of
the Internet or other computer hardware or software.
6. Posting Information. You are solely responsible for
maintaining and updating any information on the Site about you so that such
information is current, complete, truthful and accurate at all times. You
represent and warrant that you will not upload, post or transmit to or
distribute or otherwise publish on or through the Site any material or
information that: (i) infringes or misappropriates any patent, copyright,
trademark, trade secret or other proprietary right, (ii) violates any law,
statute, ordinance, or regulation when posted on the Site or provided to the
Company, (iii) is threatening, defamatory, libelous, harassing or profane, (iv)
contains a virus, Trojan horse, worm, time bomb or other component that may
adversely affect any hardware or software, or that intercepts or expropriates
any data or information, or (v) includes bulk Emails, advertisements or
solicitations.
7. Private Auction Sales. Assets are sold through a "private
auction" sale on the Site. A private auction sale means that a Buyer's identity
on Assets for sale on the Site is kept secret from the other bidders during the
period of the Auction and may be seen only by the Company and the Seller. By
posting information to the Site pertaining to an Asset that a Seller intends to
sell at private auction, a "Listing" is created. The Listing of the Asset to be
sold is as described by the Seller and the Seller will also note the duration
of the Listing (the "Listing Period"). The Buyer will be responsible for
arranging for the pick-up of the Assets or its shipping, pay the costs of such
pick-up or shipment and other costs of transfer; under no circumstances will
the Company be responsible for any such costs. Once a Listing is posted, it may
be amended by the Seller but if such amendment materially detracts from the
value of the Asset to you as a bidding Buyer, you may withdraw your bid by
email, explaining your reasons for withdrawal, to
CustomerService@GSEmarket.com provided such withdrawal is made prior to
the end of the Listing Period.
7.1.1 Listing an Asset for Sale. In posting a Listing, the
Seller may, but need not, specify a minimum reserve price for the Asset (the
"Minimum Price"). If a Seller desires a Minimum Price for an Asset but does not
wish to disclose it to potential Buyers, it shall still notify the Company of
the Minimum Price. The Company reserves the right, but does not have an
obligation, to immediately notify bidding Buyers on an Asset that their bid is
below the Minimum Price set by the Seller but the Company will not notify any
bidding Buyers of what the Minimum Price is.
7.1.2 Offering to Buy an Asset. Buyers wishing to buy an Asset
described in a Listing may submit an offer on line through the Site only to
purchase any Asset described in a Listing, thereby creating an "Offer." Each
Offer must specify an offer price. By entering an Offer, the Buyer extends an
irrevocable offer to purchase the associated Asset at the price set forth in
the Offer. A Buyer may submit as many higher offers as it desires during the
Listing Period and its highest offer shall be its final Offer for purposes of
this Agreement. The Company reserves the right, but does not have an
obligation, to immediately notify the bidding Buyer on an Asset that their
Offer is not the current highest Offer for the Asset. Further, the Company
reserves the right, but does not have an obligation, to notify the bidding
Buyer on an Asset that their Offer has been outbid by another bidding Buyer and
that they thus are no longer the highest bidder.
7.1.3 Acceptance of Offer. A Seller must and shall be deemed
to have accepted the highest Offer received on the Site for the Asset during
the Listing Period provided that it is at least equal to the Minimum Price if
the Seller specifies a Minimum Price whether openly in the Listing or to the
Company. The Company will provide the winning Buyer with the contact
information for the Seller of the Asset and provide that Seller with the
contact information for the Buyer.
7.1.4 Completion of Sales. The Buyer must consummate the
purchase of the Asset at the price of the Offer and Buyer hereby agrees that
such accepted Offer is a valid, binding and enforceable contract against it and
may also be specifically enforced by the Company as a third party beneficiary
of this Agreement as well as the Seller Agreement. The Seller will not
relinquish the Asset to the Buyer until the Buyer has paid the invoice sent by
the Company for the Asset as described in Section 8.
7.1.5 Exclusivity. You agree not to circumvent the Listing by
entering into any side agreement with the Seller and to report any Seller who
offers to do so. 7.1.6 SELLER WARRANTY DISCLAIMER. The Seller warrants that it
has title to the Asset free and clear of mortgages, liens or any other security
interests and that the Asset conforms to its description in the Listing. OTHER
THAN THE REPRESENTATION AND WARRANTY IN THE PRECEDING SENTENCE, THE SELLER
MAKES NO OTHER REPRESENTATIONS OR WARRANTIES (EXPRESS OR IMPLIED) ABOUT THE
ASSET AND SUCH ASSET IS SOLD TO THE BUYER "AS IS - WITH ALL FAULTS" WITHOUT
WARRANTY OF ANY KIND, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND INDUSTRY CUSTOMS AND TRADE PRACTICES.
8. Invoices. The Company will invoice the Buyer, on behalf of
the Seller for each Asset sold on the Site.
9. Additional Buyer Representations and Warranties. By
entering a bid or offer for any Asset, you represent and warrant that (i) you
have the legal authority and ability to purchase the Asset for which you have
entered a bid, (ii) you meet the requirements set forth in the Listing
associated with such Asset, and (iii) you agree to purchase the Asset at the
price specified in the Offer.
10. Relationship of the Parties. No joint venture,
partnership, employment, or agency relationship exists between you and the
Company as a result of this Agreement or your use of this Site. You acknowledge
and agree that the Company is only an intermediary that only relays information
about certain Assets to interested parties. You agree that you will assume all
responsibility in connection with choosing to purchase any Asset, whether or
not you obtained information about such an Asset through this Site. The Company
assumes no responsibility or liability for any claims that may result directly
or indirectly from the Seller/Buyer relationship, including, but not limited
to, tort, breach of contract or breach of warranty claims. YOU HEREBY RELEASE
the Company AND ITS EMPLOYEES, AGENTS, OFFICERS, DIRECTORS AND AFFILIATES FROM
ANY AND ALL CLAIMS OR ACTIONS RELATED TO OR ARISING OUT OF A DISPUTE BETWEEN
YOU AND THE SELLER AND/OR ANY OTHER USER OF THE SITE.
11. No Recommendations or Endorsement. The Company does not
sell or take title to the Assets referenced on this Site and does not recommend
or endorse the accuracy or reliability of any Listing, Asset, Offers or other
information, content, or advertisements contained on, distributed through,
linked, downloaded, or otherwise accessed from this Site, nor the quality of
any of the products, information, or materials displayed, purchased, obtained
or otherwise available through this Site.
12. Taxes. The Company is not responsible for reporting or
remitting any taxes which may be assessed, due or owing in any jurisdiction due
to a transaction arising from use of the Site.
13. Monitoring. You agree that the Company has the right, but
not the obligation, to monitor, edit, disclose, refuse to post, or remove at
any time, for any reason in its sole discretion, any material, content or
information from the Site. Notwithstanding the foregoing, the Company does not,
and cannot, review all material, content and information posted to the Site,
and the Company is not responsible for any such material, content or
information posted by users of the Site. By posting any information or content
to the Site, you automatically grant the Company a royalty-free, perpetual,
irrevocable, non-exclusive right and license to use, reproduce, modify, adapt,
publish, translate, create derivative works from, distribute, redistribute,
transmit, perform and display such information and content (in whole or in
part) worldwide and to incorporate it in other works in any form, media or
technology now known or later developed for the full term of any rights that
may exist in such information or content. The Company reserves the right to
remove any information or content posted by you from the Site at any time for
any reason, in the Company's sole discretion.
14. Links to other Sites. The Company may provide links, in
its sole discretion, to other sites on the World Wide Web for the convenience
of its users in locating related information and services. These sites have not
been reviewed by the Company and are maintained by third parties over which the
Company exercises no control. Accordingly, the Company expressly disclaims any
responsibility for the content, the accuracy of the information, and/or quality
of products or services provided by or advertised on these third-party sites.
The Company is not responsible for the availability of such sites and does not
endorse such sites.
15. Warranty Disclaimer by the company. THE Company MAKES NO
REPRESENTATIONS OR WARRANTIES ABOUT THE SITE, OR THE SUITABILITY, LEGALITY, OR
ACCURACY OF THE , LISTINGS, INFORMATION, PRODUCTS, AND SERVICES DESCRIBED OR
CONTAINED ON THE SITE. THE SITE AND ALL SUCH ASSETS, INFORMATION, PRODUCTS, AND
SERVICES ARE PROVIDED AND SOLD BY THE SELLER TO YOU AS THE BUYER "AS IS - WITH
ALL FAULTS" WITHOUT WARRANTY OF ANY KIND, INCLUDING ALL IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT.
16. Limitation of Liability. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO
EVENT SHALL the Company BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL,
SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH
THE USE OF THIS SITE OR WITH THE DELAY OR INABILITY TO USE THIS SITE, OR ANY,
LISTINGS, INFORMATION, PRODUCTS, AND SERVICES AVAILABLE ON OR THROUGH THIS
SITE, INCLUDING WITHOUT LIMITATION, LOSS OF REVENUE OR ANTICIPATED PROFITS OR
LOST BUSINESS OR LOST SALES, WHETHER BASED IN CONTRACT, TORT (INCLUDING
NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE, EVEN IF the Company HAS BEEN
ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT
ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL
DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY. THE TOTAL LIABILITY OF the Company
RELATED TO OR ARISING FROM USE OF THIS SITE, WHETHER BASED IN CONTRACT, TORT
(INCLUDING NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE, SHALL NOT EXCEED, IN
THE AGGREGATE, ONE HUNDRED DOLLARS, EVEN IF the Company HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGE. THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY
FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.
17. Indemnity. You hereby agree to defend and indemnify the
Company and its respective affiliates, and all of their officers, directors,
shareholders, legal representatives, employees, successors, assigns, and agents
and hold them harmless from and against any and all claims, proceedings,
damages, injuries, liabilities, losses, costs, and expenses (including
reasonable attorneys' fees and litigation expenses), relating to or arising
from (i) your use of this Site, (ii) your breach of this Agreement, (iii) your
dispute with any Seller and/or another user of the Site, or (iv) any Listing or
Asset posted on, or sold through, the Site. You shall not settle or otherwise
dispose of any matter that is subject to indemnification by you without the
prior written consent of the Company. The Company reserves the right to assume
the exclusive defense and control at your expense of any matter subject to
indemnification by you.
18. Contact Information. If you have questions regarding this
Site, please contact us at CustomerService@GSEmarket.com
The Company also welcomes your feedback and suggestions about how to improve
this Site. Any ideas, suggestions, information, know-how, material, or any
other content (collectively, "Content") received through this Site will be
deemed to include a royalty-free, perpetual, irrevocable, nonexclusive right
and license for the Company to adopt, publish, reproduce, disseminate,
transmit, distribute, copy, use, create derivative works, display (in whole or
part) worldwide, or act on such Content without additional approval or
consideration, in any form, media or technology now known or later developed
for the full term of any rights that may exist in such Content, and you hereby
waive any claim to the contrary.
19. Events Beyond the Company's Control. The Company will not
be liable for any loss resulting from a cause over which it does not have
direct control, including, but not limited to, failure of electronic or
mechanical equipment or communication lines, telephone or other interconnect
problems, computer viruses, unauthorized access, theft, operator errors, severe
weather, earthquakes, or natural disasters, strikes or other labor problems,
wars, or governmental restrictions.
20. Governing Law. THIS AGREEMENT IS GOVERNED BY THE LAWS OF THE STATE OF
GEORGIA, U.S.A. WITHOUT REGARD TO ANY PROVISION THAT WOULD MAKE THE LAWS OF
ANOTHER JURISDICTION APPLICABLE. YOU CONSENT TO THE EXCLUSIVE JURISDICTION AND
VENUE OF THE FEDERAL AND STATE COURTS SITTING IN ATLANTA, GEORGIA, U.S.A. WITH
RESPECT TO ANY DISPUTES OR LITIGATION TO WHICH the Company IS A PARTY WHICH MAY
ARISE IN RELATION TO THE SITE OR THE ASSETS, LISTINGS, INFORMATION, PRODUCTS OR
SERVICES AVAILABLE ON OR THROUGH THE SITE.
21. Compliance with Laws. All Buyers shall comply with all
applicable laws, including any international laws, in using the Site, and shall
comply with all such laws in completing the sale of an Asset.
22. Termination. The Company may discontinue, modify or change
any presently available service or content on the Site in whole or in part, at
any time for any reason, without prior notice. Either you or the Company may
limit or terminate your use of the Site with or without cause at any time and
effective immediately. The Company shall not be liable to you or any third
party for termination of your, or any third party's, use of the Site. You
acknowledge and agree that any termination or limit on your use of the Site may
be effected without prior notice, and you acknowledge and agree that the
Company may immediately remove, delete or discard any information or content
that you have posted.
23. Survivorship. The provisions of Sections 5, 6, 7.1.5,
7.1.6, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 19, 20, 21, 22, 24 and 25 of this
Agreement will survive the termination of this Agreement.
24. Reservation of Intellectual Property Rights. Except as
expressly set forth in this Agreement, the Company grants no rights whatsoever
to you or any user of the Site in the patents, copyrights, trademarks, trade
names, service marks, trade secrets or other intellectual property rights
(which it has now or may acquire in the future) of the Company or any of its
affiliates.
25. General. If any provision of this Agreement is held by a
court of competent jurisdiction to be invalid or unenforceable, then such
provision shall be enforced to the maximum extent permissible so as to effect
the intent of this Agreement, and the remainder of the Agreement shall remain
in full force and effect. The section headings in this Agreement are for the
convenience of the parties only, and shall have no substantive meaning and
shall not be used to construe or interpret any provision of this Agreement.
Failure to insist on strict performance of any of the terms and conditions of
this Agreement will not operate as a waiver of any subsequent default or
failure of performance. No waiver by the Company of any right under this
Agreement will be deemed to be either a waiver of any other such right or
provision or a waiver of that same right or provision at any other time. This
Agreement constitutes the entire agreement between the user and the Company
with respect to the subject matter hereof and it supersedes all prior or
contemporaneous communications and proposals, whether electronic, oral, or
written, between you and the Company with respect to the subject matter hereof.
© 2000 GSE Market, LP. All rights reserved.