Auction No.: Information Pending
Seller: Information Pending
Company: Information Pending
Address: Information Pending
City: Information Pending
State: Information Pending
Zip Code: Information Pending
Country: Information Pending
Telephone: Information Pending
Facsimile: Information Pending
A description of the auction is shown below.
This auction can also be viewed with pictures online at:
http://www.dotmed.com/
All content of the auction listing on this site is incorporated herein by reference.
Starting Bid: Information Pending
Information Pending
Information Pending
Closing Time: Information Pending
Equipment/Device Type: Information Pending
Manufacturer: Information Pending
Model: Information Pending
Description: Information Pending
Condition: Information Pending
Inspection: Information Pending
Available: Information Pending
Warranty: Information Pending
Additional Services: Information Pending
Other Terms: Information Pending
Taxes: Sales and other taxes are additional.
Seller hereby represents to DOTmed that Seller has read, understood and agrees to the Auction Terms of www.dotmed.com ("Site"). Seller is willing to auction the equipment or device identified above ("Auctioned Item") via the Site.
Seller hereby agrees that this auction shall be conducted as a Seller Self Managed Auction.
Seller warrants and represents to DOTmed and all auction participants, including all bidders, that Seller has title and possession to the Auctioned Item, free and clear of all liens and encumbrances, and that clean title and free possession of the Auctioned Item, in the a condition at least as good as when the Auctioned Item is available for inspection, will be conveyed to the Winning Bidder upon payment of the purchase price to Seller.
Seller warrants and represents to DOTmed and all auction participants, including all bidders, that Seller will have the Auctioned Item available for inspection hereinafter until the Winning Bidder concludes the purchase.
Seller warrants and represents to DOTmed and all auction participants, including all bidders, that, Seller will bear the risk of loss or damage of the Auctioned Item until the title of the Auctioned Item is transferred in accordance with the terms herein.
Seller warrants and represents to DOTmed and all auction participants, including all bidders, that Seller shall not, directly or indirectly, bid in this auction.
Seller warrants and represents to DOTmed and all auction participants, including, all bidders, that Seller has checked that the Auctioned Item can be sold on DOTmed in accordance with Federal, State and local laws and regulations.
Auction Item sold on DOTmed are subject to the following restrictions, without limitation:
• If a sale of an Auctioned Item is subject to regulations by the U.S. Food and Drug Administration or other national, state or local agencies, Seller agrees to identify such to DOTmed.
• For Auctioned Item subject to regulations, the following statement is to be posted on the auction:
“The sale of this Auctioned Item may be subject to regulations by the U.S. Food and Drug Administration and other national/provincial/territorial/state and local regulatory agencies. If so, do not bid on this Auctioned Item unless you are an authorized purchaser. If the Auctioned Item is subject to the FDA regulation and it is to be used for regulated medical services in the USA, your payment for it indicates that you are an authorized purchaser and will comply with these regulations. If you have questions about legal obligations regarding sale of medical devices, you should consult with the FDA or the regulatory authorities in the jurisdiction in which the Auctioned Item is to be used.”
• Auctioned Item (medical device) that requires a prescription for use must be labeled as such by the Seller and only be sold a) as parts, or b) for further servicing by qualified buyers; and not sold for patient use.
• Auctions must state in the Auction Description for the Auctioned Item has been opened or used.
◦ Auctioned Item must be properly cleaned (if used) in accordance with manufacturer's instructions.
◦ Used Auctioned Item must not be altered in any way that changes the performance or safety specifications of the Auctioned Item laid out by the manufacturer.
• Auctioned Item with an expiration date must clearly state the expiration date and the following statement is to be posted on the auction:
“Expired Auctioned Item is not for patient use and may only be purchased for research, veterinary, or educational purposes in accordance with Federal, State and local laws and regulations.”
Auction Compensation to DOTmed
DOTmed will charge an auction setup fee in accordance with the auction setup fee schedule below. Seller hereby agrees that the auction setup fee shall be payable to DOTmed in U.S. dollars and is earned by DOTmed upon the setup of the auction.
| Setup Fee | |
|---|---|
| Total Starting/Reserve Price (Quantity * Individual Starting or Reserve) |
Setup Fee |
| $0 – 500 | $20 |
| $501 – 1,000 | $25 |
| $1,001 – 2,500 | $50 |
| $2,501 – 5,000 | $70 |
| $5,001 – 10,000 | $100 |
| $10,001 – 20,000 | $150 |
| $20,001 – 40,000 | $175 |
| $40,001 – 60,000 | $200 |
| $60,001 – 80,000 | $250 |
| $80,001 – 200,000 | $300 |
| $200,001 and up | $350 |
| Commission | |
|---|---|
| Total Selling Price (Qty * Individual Selling Price) |
Commission |
| Item not sold | 0% |
| $0 – $2,500 | 5% |
| $2,501 – 20,000 | 5% of the initial $2,500 ($125) + 4% of the amount > $2,500 |
| $20,001 – 80,000 | As above, plus 3% of the amount > $20,000 |
| $80,001 and up | As above, plus 2% of the amount > $80,000 |
Reduced closing percentages are based on the selling price within each price category. For instance, if your item sells for $100,000, the commission is:
| $125 | (5% of $2,500) | |
| + | $700 | (4% of $17,500) |
| + | $1,800 | (3% of $60,000) |
| + | $400 | (2% of $20,000) |
| = | $3,025 | (or just over 3% of the selling price) |
