Auction Terms and Conditions (Sale of Goods)
An Auction Terms and Conditions (Sale of Goods) document sets out the framework for the sale of goods by physical auction.
Last updated January 13, 2025
Suitable for Australia
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View Sample Auction Terms and Conditions (Sale of Goods)
The Legal Risk Score of a Auction Terms and Conditions (Sale of Goods) Template is Medium
Our legal team have marked this document as medium risk considering:
- Buyers must rely solely on their own inspection of items, as no claims can be made against faults or misdescriptions after purchase, which could lead to unexpected liabilities or dissatisfaction.
- The auctioneer has broad discretion to manage bids and the auction process, including the right to refuse bids and resolve disputes, which could potentially disadvantage some participants.
- Once an item is sold, the risk immediately transfers to the buyer, including any potential damages or losses that might occur after the auction, without the guarantee of recourse against the seller or auctioneer.
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