LEGAL NOTICE: CONDITIONS OF BUSINESS FOR VALUATIONS
ATTENTION: THE CONDITIONS OF BUSINESS SHALL CONSTITUTE AN AGREEMENT FOR A SUPPLY OF FREE VALUATION SERVICES (THE "AGREEMENT") BY A B Business (THE "COMPANY") TO YOU (THE "CLIENT").
YOU SHOULD READ THE TERMS SET OUT BELOW CAREFULLY AS THEY WILL FORM PART OF A LEGALLY BINDING CONTRACT YOU WILL BE ENTERING
INTO IF YOU CHOOSE TO HAVE YOUR OBJECT VALUED BY THE COMPANY.
1. INTRODUCTION
1.1 The headings in the Conditions of Business are inserted for convenience only and shall not affect the construction of the Agreement. By submitting the photographs of the object to be valued and any related information, the Client: accepts of the Conditions of Business as set out here: The Company reserves the right to refuse to provide a valuation.
2. THE AGREEMENT
2.1 The Agreement shall consist of the Conditions of Business. No other documentation, correspondence or any other form of communication shall form any part of the Agreement unless both parties so agree in writing.
2.2 The Agreement shall only be entered into and come into effect once the Company has accepted to make a valuation of the object.
3. VALUATION SERVICES
3.1 Under the Agreement, the Company shall provide a FREE valuation service regarding the photograph of an object submitted by the Client. This service consists of giving an electronic estimate of the value of the object submitted (high and low estimate) which in the Company's opinion could be achieved if the object were to be sold without reserve on the open market at an international auction with a reputable auctioneer after appropriate marketing and on the basis of your warranties and
acknowledgements set out below (the "Valuation") at the time the Valuation is given. The Valuation does not take into account any sale expenses, commissions and
taxes (including capital taxes, duties, excises, value added or sales tax) which might apply or become due on a sale or transport of the object. Unless otherwise stated in
writing, the Valuation is based upon a preliminary inspection of the photograph of the item submitted and without any physical inspection, cleaning, restoration, detailed
inspection or disassembly and without any research into the item's background or further tests and analysis. The Valuation is a statement of opinion and not fact.
3.2 The Company aims to provide the Valuation within [7] Business Days (Business Days for these purposes are the days on which banks are open for business in
London).
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4. THE VALUATION
4.1 The Company gives no representation, warranty or guarantee in the Valuation in respect of an object's origin, provenance, attribution, condition, date, age or
authenticity. The Company makes no representation or warranty in the Valuation that the object will realise the amount at which it is valued upon a contemporaneous or
subsequent public or private sale. The Company does not warrant or represent in the Valuation that the object valued is safe, functioning or fit for the purpose for which it
was intended.
4.2 The Valuation shall remain the copyright of the Company and shall be prepared only for the Client and is not to be used by any other person, or disclosed to any third
party (other than the Client's professional advisors) or reproduced or published in any form without the Company's prior written consent. The Client shall indemnify and
keep indemnified for 21 years the Company and its affiliated companies, and its and their servants, employees and officers against all liabilities and expenses incurred by
them as a result of any breach of the above commitment by Client or arising from related claims by third parties in connection with the Valuation.
4.3 The Valuation may be used for official or formal purposes such as in legal proceedings, insolvency or bankruptcy proceedings, divorces cases, for insurance
purposes, or anything such like. The Valuation is provided at a given date (the date the Valuation is sent to the Client). The Client shall have a perpetual non-transferable
licence to the Valuation subject to the Company's right to revoke or withdraw its Valuation.
5. CLIENT'S OBLIGATIONS AND ACKNOWLEDGEMENTS
5.1 The Client shall provide as much detailed information as required.
5.2 The Client warrants to the Company that he is the owner of the object or is duly and properly authorised by the owner to have the object valued.
The Client warrants that each object submitted for valuation is free from any third party interests, restrictions or claims whatsoever.
5.3 The Client warrants that all material provided is owned by the Client or the Client has the right to use such material and provide it to the Company. The Client
indemnifies the Company fully with respect to any breach of this warranty.
5.4 The Client shall provide clear and accurate photos and provide full and accurate information about the object, such as already known authenticity issues, relevant
location of the object, provenance, condition, condition issues, previous sales history and any other related information, in the possession or knowledge of the Client, his
agents, employees, servants, advisers or his family. Where "family" in relation to a Client for the purposes of the Conditions of Business means the spouse or civil partner of the Client (including former spouse or civil partner), siblings (including step-siblings), parents (including step-parents), and children (including step-children and adopted children) of the Client or the Client's spouse or civil partner.
5.5 The Client acknowledges the following statement. The Valuation is an estimate that is a matter of reasonable opinion and as such opinions as to value may differ.
Particular circumstances affecting the value of an individual object may not be known or foreseeable at the time of the Valuation. Values can also fluctuate as a
consequence of external circumstances such as (without limitation) changes in the prevailing market conditions for the object or changes in relevant scholarship. In
addition, the preliminary nature of the valuation work carried out may mean that the identification, attribution and value of the object might be subject to change on further examination or research by experts at a later stage whether these are internal or external to the Company. Unless otherwise stated in writing, the Valuation only reflects an estimate, the inherent characteristics (visible from the photographs provided) of the object being valued and does not reflect the surrounding circumstances of the object being valued (such as, without limitation, the object's provenance or place in a wider collection, or the existence of several similar items available for sale at the same time).
6. THE PRICE OF THE VALUATION
6.1 FREE
7. LIMITATION OF THE COMPANY'S LIABILITY
7.1 The Company shall not be liable for any deficiency (including but not limited to any omissions, mistakes, erroneous attributions, authenticity issues or inaccurate
values) in the Valuation as a consequence of:
7.2 external circumstances such as (without limitation) changes in the prevailing market conditions for the object, information not publically available or changes in
relevant scholarship;
7.3 the surrounding circumstances of the object being valued (such as, without limitation, the object's provenance or place in a wider collection, or the existence of
several similar items available for sale at the same time);
7.4 failure to provide full and accurate information in the knowledge or possession of the Client, his agents, employees, servants, advisers or his family (see clause 5.5
of the Conditions of Business for the definition of family); and
7.5 any other factors that cannot be identified by a reasonable inspection of the photographs received and information received by the Company (including but not limited to factors that can be identified only by a physical inspection of the object).
7.6 Nothing in the Conditions of Business shall exclude or limit the Company's liability for: death or personal injury caused by negligence (as such term is defined by the Unfair Contract Terms Act 1977); or fraud; or misrepresentation as to a fundamental matter; or any liability which cannot be excluded or limited under applicable law.
8. TERMINATION OF THE AGREEMENT
8.1 Where the Client breaches clause 4 or any provision of the Conditions of Use, or obtains the Valuation in connection with any illegal purpose, in commission of a
criminal offence or any other unlawful activity ("Unlawful Conduct"):
9. RIGHTS OF THIRD PARTIES
9.1 No person who is not a party to the Agreement shall have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of the Agreement.
10. SEVERANCE
10.1 In the event that any part of the Agreement should be held to be unenforceable for any reason, that term shall be deemed to be not part of the Agreement, the
remaining portions of the Agreement shall remain in full force and effect.
11. GOVERNING LAW AND JURISDICTION
11.1 The Agreement shall be construed in accordance with English law. In the event of disputes hereunder, the parties hereto submit to the exclusive jurisdiction of the
English courts.
12 CONTACT THE COMPANY
12.1 The Company can be contacted by email at a.b.business@btinternet.com