GENERAL TERMS AND CONDITIONS 

Table of contents:

1.    Definitions
•    GOBID INTERNATIONAL AUCTION GROUP SRL: owner and operator of the online auction site, http://www.gobid.it, with registered office in Milan, Via P.O. Vigliani, 19, VAT -Tax Code 09441470961, hereinafter also "Gobid Group"
•    Seller: owner of the Asset offered for sale
•    Gobid.it: proprietary trademark registered by GOBID INTERNATIONAL AUCTION GROUP SRL
•    www.gobid.it: the website managed by GOBID INTERNATIONAL AUCTION GROUP SRL for the sale of Assets on commission, also referred to as the "Site" or the "Platform"
•    Auction: online sale procedure of Assets, through the platform www.gobid.it
•    Lot: Asset or set of Assets available for sale in the Auction
•    User: User registered on www.gobid.it, also referred to as Bidder
•    Auction Registration: authorization requested by the registered User to participate in the individual Auction
•    Bidder Number: identifier of the registered User
•    General Conditions: these terms and Conditions
•    Specific Conditions: specific terms and Conditions of the Auction, available within the Auction details page
•    Security deposit/deposit: amount to be paid to participate in the Auction, where required.
•    Starting Price: starting price of individual Lots
•    Reserve price: minimum price whose achievement authorizes the sale of the Lot, unless otherwise indicated in the conditions applied to this Auction
•    Current price: current price of the Lot
•    Single bid: amount entered by the User to increase the current price of the Lot
•    Maximum bid (proxy bid): maximum amount the User intends to pay for the Lot
•    Minimum Bid Increment: predetermined amount to be added to the Current price to place the bid
•    Extra-Time: extension time of the Auction duration for submitting further bids
•    Sale price: Award amount of the Lot at the time the Auction is deemed concluded
•    Award: declaration by GOBID INTERNATIONAL AUCTION GROUP SRL that a Lot is sold to the highest Bidder
•    Successful Bidder: party in whose favor the Lot is awarded, as the highest Bidder
•    Buyer's Premium: Auction fees due to GOBID INTERNATIONAL AUCTION GROUP S.R.L., charged to the Successful Bidder, calculated as a percentage amount on the taxable base of the sale price declared in the Award 

1.    Applicability
These Conditions govern the terms and Conditions for conducting the Auction and apply together with the "Terms of Use" of the site www.gobid.it, accepted during registration on the site itself, and with the Specific Conditions published in the details page of the Auction of interest. 
These Conditions apply unless otherwise provided in the Specific Conditions.
Each participant is responsible for carefully reviewing the terms and conditions applied to this auction. By participating in the Auction, the User declares to have read, understood and accepted the General and Specific Conditions of sale applied, without reservations.
For any information regarding the use of the site and the methods of processing the personal data provided, please refer to the "Terms of Use" and the "Privacy Policy", published on the site www.gobid.it.

2.    Main Conditions of sale
Gobid Group through the platform www.gobid.it, puts Buyers and Sellers interested in concluding the sale in contact; for this reason Gobid Group does not hold ownership nor possess the Assets auctioned, which are owned by the Seller. Gobid Group therefore is not liable for any defects, faults or lack of quality, total or partial, of the Assets offered for sale. 
All Assets are sold in the condition in which they are at the time of sale ("as is"), without warranties on their characteristics or their state of preservation. 
Therefore, each User is invited to carefully inspect the Assets to verify their condition before placing their bid.
By completing the bid submission process, as indicated below, the User makes a binding bid; therefore it will not be possible to modify or revoke the bid submitted. For this reason, each User is invited to always verify their bid before confirming it.

3.    Conduct of the Auction
The Auction will take place on the platform www.gobid.it, according to the terms and conditions indicated in the General and Specific Conditions of Sale applied to this auction.
The Auction will take place for the time indicated in the auction details page; within the identified time frame, each interested party may register for the Auction and place their bid.
For each Lot, the following is indicated: 
•    Starting Price, intended as the starting price. 
•    Minimum Bid Increment, intended as the predetermined minimum amount to be added to the current price.
•    Reserve Price, intended as the minimum price whose achievement allows the award of the Asset to the highest Bidder at the end of the Auction, unless otherwise indicated in the Specific Conditions. If the Reserve Price is not reached, the bid will be subject to the Seller's unquestionable evaluation, who may freely accept or reject it.

3.1.    Inspection 
Each interested party may examine, by electronic means, the Assets offered for sale and also directly inspect them upon booking visits to be requested at the following contacts: [email protected] – tel. +39. 02/86882269 or by request to be submitted through the specific section in the Auction details page, "Request Inspection". 
Where necessary, for inspection purposes, interested parties will be required to provide any requested documentation.
Please note that inspections of the Assets will in any case exclude Saturdays, Sundays and public holidays.
The inspection of the Assets will be carried out under the sole responsibility of the interested party; Gobid Group and the Seller assume no liability for any damage to persons and/or property caused during the inspection. It is therefore the responsibility of each interested party to carry out the inspection with due precautions according to the nature of the Asset being auctioned. 
The sale of the Assets is arranged under the "as is" clause and, therefore, the Assets are sold without warranties, in the actual condition in which they are. Each interested party is responsible for carefully inspecting the Assets before placing a bid; inspection of the Assets is therefore strongly recommended.

3.2.    Participation in the Auction
To participate in the Auction and place a bid, the User must:
-    register on the site www.gobid.it, in accordance with the site's Terms of Use, or access their reserved area "MyGoBid", if already registered;
-    register for the individual Auction of interest, by clicking the "Register for the Auction" button in the Auction details page or of the individual Lot of interest. At the time of registration for the Auction, the User will be required to expressly accept the General and Specific Conditions of sale applied to this auction;
-    pay the security deposit, as specified in the Specific Conditions of Sale and stated in the relevant Auction/Lot details page.
-    where indicated in the Specific Conditions of Sale, for the purpose of enabling participation in the Auction, the User will be required to provide the documentation indicated therein.
Once the above steps are completed, Gobid Group will enable the User, who from that moment may place their bid for the Lot of interest, in accordance with the applicable Conditions of Sale.
Attention, authorization to the Auction will be permitted only after receipt of the required security deposit, therefore, it is recommended to proceed with the operation sufficiently in advance of the Auction end date.
The data entered by the User during registration on the site will be the same as those to which any award will be attributed.
All required payments must be made by the parties registered for the individual auctions.  

3.3.    Security deposit
Participation in the Auction is conditional upon receipt of the Security Deposit, as specified in the Specific Conditions of Sale and reported in the registration process for the Auction.
If the Auction participants do not win any Asset, the deposit will be returned within 20 working days from the final Auction deadline, without interest.
In the event of award of one or more lots, the security deposit will be returned after the buyer has arranged collection of the Assets purchased at Auction, settled any payments for additional services, or completed the purchase of the awarded Assets, including completion of the bureaucratic procedures required for the sale. 
In the event of payment of the security deposit by credit card and award of one or more lots by the User, the deposit will be collected into the current account of GOBID INTERNATIONAL AUCTION GROUP SRL, which will return the amount so withheld only after the User has arranged collection or completed the purchase of the awarded Assets, including completion of the bureaucratic procedures required for the sale. 
The security deposit, without prejudice to the right to compensation for greater damage, will be withheld as a penalty in the event of failure to comply with the General terms of payment and collection of the awarded lots, for reasons attributable to the Awardee.

3.4.    Types of bids
The User may choose to submit their bid as a "static bid" or as a "dynamic bid" (proxy bid), as indicated below:
-    A static bid is considered a fixed-price bid, equal to the amount entered by the User in accordance with the Conditions applicable to this auction.
-    The maximum dynamic bid (proxy bid) is considered a dynamic-price bid for the Lot, not visible to other users.
When the registered User enters a static bid, it may be exceeded by a bid from other users. The User will then be required to enter another static bid to win the Lot.
If the registered User enters a maximum bid (proxy bid), it will be considered valid until exceeded by a bid from other users greater than the maximum bid. The automatic increments will be based on the indicated minimum values, aimed at exceeding the other bids submitted until reaching the amount entered.
Bids will be considered valid only if submitted during the Auction period. If bids are received in the 5 minutes before the Auction closes, the time available to place other bids will be extended by the time value indicated in the Specific Conditions of the Auction.

3.5.    Award of lots
At the end of the Auction, the evaluation phase for awarding the lots will begin and will last a maximum of 48 working hours, unless otherwise provided in the Specific Conditions. 
At the end of the evaluation phase, communication of the award will be given to the best Bidder.
If the Awardee does not pay the sale consideration within the established terms, the award will be deemed lapsed and the sale terminated.
Bids placed are binding and constitute a formal commitment to purchase. 
If the award to the best Bidder lapses, it may be assigned, successively, to the next best Bidder. 
GOBID INTERNATIONAL AUCTION GROUP SRL reserves the right to suspend the Auction or the award of lots even before the end of the Auction, at its sole discretion.

4.    Payment and collection
Following the above communication, the Awardee will be required to make payment of the amount due and, therefore, to pay the award price, the Buyer's Premium, the Accessory Management Charges, where provided, and any other charges indicated in the Specific Conditions of Sale, all plus VAT at 22%, if applicable. 
The User awarded one or more lots is required to comply with the Conditions and terms of payment and collection indicated in the Specific Conditions of the Auction.
If payment of the amounts due is not completed within the established terms, the sale will be automatically terminated and the security deposit will be withheld as a compensatory penalty, with consequent lapse of the award. 

4.1.    Sales commissions 
Buyer's Premium
The Auction commissions owed to GOBID INTERNATIONAL AUCTION GROUP S.R.L., defined as Buyer's Premium, are charged to the Awardee, to be calculated on the taxable amount of the sale price declared in the Award, according to the percentage rate stated in the Specific Conditions of Sale, plus VAT, for a minimum amount of at least € 25.00 per lot (minimum commissions). 

Additional Management Charges
They are additional costs entirely borne by the Successful Bidder, intended to cover the services and activities, performed and to be performed, necessary for the preparation, organization and management of the sale of the Goods at Auction and subsequent award phase. These expenses must be paid at the same time as payment of the Buyer's Premium due as per the provisional award confirmation that will be issued after the end of the Auction. Where due, such charges will be indicated in the Auction/single Lot sheet.

4.2.    Collection of awarded lots
Collection of awarded lots will be permitted only following effective receipt of all amounts due as the award price and the commissions provided for (Buyer's Premium, additional management charges and other charges, where specified in the Specific Conditions).
Once the due payments have been made, the Successful Bidder may proceed with collection of the awarded Goods according to an agreed schedule. In any case, collection operations must be completed within and no later than the deadlines indicated in the Specific Conditions of Sale.
Collection operations must be carried out by the Successful Bidder at their own care and expense. The Successful Bidder is required to leave the places involved in the collection free of things and/or waste materials produced during the collection and in safe conditions. It is the exclusive responsibility of the Successful Bidder to ensure that they operate in compliance with the safety rules established by law, under their own responsibility, and they must provide accordingly, also with reference to any third parties and/or collaborators employed in the aforementioned operations. It is the responsibility of the Successful Bidder to dispose of the waste material produced during the collection, in accordance with current legal provisions.
Any damage found following collection of the awarded lots will be entirely borne by the buyer.
It is the exclusive responsibility of the Successful Bidder to verify the existence of specific rules or restrictions for the import of the Goods subject to Auction into the country of interest. Any charge, activity and expense resulting from the aforementioned verification or export is borne by the Successful Bidder. 

5.    Final Provisions and Warranties 
Each Good at Auction is sold on an "as seen and liked" basis, in the condition in which it is at the time of sale, without warranties. 
Gobid Group, through the platform www.gobid.it, puts Buyers and Sellers interested in concluding the sale in contact; for this reason Gobid Group does not hold ownership nor possess anything that is the subject of the Auction.
Gobid Group reports at Auction all information provided by the Seller; for this reason, by submitting the bid, the User declares to be aware that Gobid Group is not liable for any errors, omissions and inaccuracies in the photos, descriptions, quantities and any other detail indicated in the Auction. Likewise, Gobid Group provides no warranties regarding the Goods offered for sale; no liability may therefore be attributed to Gobid Group for any defect or lack of quality, total or partial, of the Goods offered for sale or for any claim by third parties.
Before submitting a bid, it is strongly recommended to view the lots in order to verify the actual condition of the Goods offered for sale.
By participating in the Auction, each User declares to be aware that, in the event of award, any charge and expense for adapting the purchased Goods to current regulations, including those on workplace prevention and safety, environmental and ecological protection, are borne by the Successful Bidder.

Gobid Group reserves the right, at its sole discretion, to cancel, extend or interrupt the Auction; no claim may be advanced as a result by registered Users.

GOBID INTERNATIONAL AUCTION GROUP SRL is not liable for direct and/or indirect damages or liability except in cases of willful misconduct or gross negligence.
GOBID INTERNATIONAL AUCTION GROUP SRL absolutely is not liable for: direct actions of the User that may cause damage or malfunction to the system, unavailability of display and/or use of www.gobid.it, unlawful use of www.gobid.it, any event after the conclusion of the Auction.
GOBID INTERNATIONAL AUCTION GROUP SRL may not, under any circumstances, be held liable for any system malfunctions that may in any way impair or delay delivery of communications to the person registering.
The recordings present in the log file generated by the system constitute full and exclusive evidence between all parties regarding the content and time of documents/messages exchanged electronically. Persons who register declare and acknowledge that the system recordings constitute full evidence of the relationships between them. Such recordings are confidential and will not be disclosed to third parties, except in the cases expressly provided for or by order of the Judicial Authority.

In the event of any disputes relating to the interpretation of the provisions contained in the General and Specific Conditions shown on the platform, possibly translated into other languages, the Italian version of the text shall prevail.

Where not specified, the times shown in the Specific Conditions and on the platform refer to the time zone indicated in the server time published on the site