USED / SURPLUS / SECOND-HAND MACHINES & EQUIPMENT MARKETPLACE

PROLOGUE

  • These general terms and conditions shall be applicable to all users of the Web sites operated by VENDAXO exclusive of any different provision and it also reflects the parties’ undertakings in their entirety and no other term appearing in any other document whatsoever can be deemed part of the rights and obligations binding on VENDAXO and any user of such sites and services.It is applicable to all service Buyer and any user of service.
  • VENDAXO hereby reserves the right to modify its general terms and conditions of use at any time. In such a case, the new general terms and conditions shall prevail over the previous version. The new terms and conditions of use shall become effective and binding immediately on their on-line publishing or notifying by email to all members without any other formalities and without prejudice to the user’s option to terminate his/her membership to the site.
  • The full content of the sites (domain name, title, design, form, comments, original images and illustrations, logotypes, slogans, texts and other elements) as well as the database are VENDAXO’s exclusive property as sole publisher and owner.
  • Any information you provide to us or other users of the site during the registration, posting, listing, making an offer, requesting more information or replying process or in any manner, through any medium of the site. You agree that you are the lawful owner having all rights, title and interest in your information, and further agree that you are solely responsible and accountable for your Information and that we act as a mere platform for your online distribution and publication of your Information.

Eligibility criteria

  • Any Person who are 18 years of age and above and persons who can enter into a legally binding contract, and or are not barred by any law for the time being in force are eligible for membership. If you access VENDAXO, either by registration on the Site or by any other means, not as an individual but on behalf of a legal entity, It is assumed that you represent that you are fully authorized to do so and the listing, posting or information placed on the site on behalf of the legal entity is your responsibility and you agree to be accountable for the same to other users of the Site
  • If during process of listing, posting or your information violates any conditions or policies, we shall have the right to terminate and or suspend your membership of the site and refuse to provide you or any person acting on your behalf, access to the site.

Content


The site contains content which includes information about you and other users. You shall not copy, modify, or distribute such content,other than Your Information. When you give us any content as part of Your Information, you are granting us a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sub-licensable right and license to use, reproduce, publish, translate, distribute, perform and display such content (in whole or part) worldwide through the site as well as on any of our affiliates or partners websites, publications and mobile platform.

Warranty:


VENDAXO uses reasonable efforts in order to ensure the reliability of the information presented on the website, but makes no warranties or representations whatsoever with respect to the accuracy or reliability of the information provided on the website. Any information published and any opinion expressed on the website are provided by VENDAXO for personal use and for informational purposes only and VENDAXO does not authenticate its surety, accuracy, quality, quantity or validity in any manner. They may be changed by VENDAXO at any time without prior notice.

OBLIGATIONS OF THE SELLER

  • The registration and adding a listing on Vendaxo shall include at least the following information:
  • Full Name of the Individual registering and corporate name of the legal entity represented by the Individual
  • Physical address of registered office or facility of the legal entity being represented
  • Contact information of the person doing registration
  • Seller’s Official E-mail address contact details of the person registering.
  • Essential characteristics of the asset: The Seller shall describe the asset for sale as accurately as possible when adding the listing. The Seller hereby accepts full and sole liability for any harmful consequences from an improper presentation of the asset or from an inaccurate or confusing description.
  • Execution or payment procedure
  • Liability regime and special terms and conditions of saleThe Seller shall satisfy himself of having the necessary entitlement and authorization to sell the assets, and shall ensure that the latter are compliant with the statutes in effect to avoid any breach of the regulations or infringement of third party’s rights.
  • The Seller is under an obligation of organizing the delivery of the contractual asset to the Buyer. The Buyer shall by default pick up the bill or transport, handling, customs costs and other expenses associated with the transmission unless otherwise agreed.
  • In order to avoid disputes, prior to the sale, the parties shall agree on the expenses borne by the Buyer in terms of transport, handling, customs and other costs inherent in the transmission.
  • An offer to sell an asset is an implied invitation for the Seller and the Buyer to possibly negotiate.
  • VENDAXO hereby reserves its right to remove any asset for sale from the site for any reason whatsoever, at any time and without incurring any liability to the Seller or to the Buyer, without prejudice to any and all other rights and remedies.
  • VENDAXO does not give to the Seller any assurance of receiving any number of inquiries or of offers.
  • VENDAXO hereby reserves its right to highlight – or not - the ad published under various forms or “premium offers” or any other commercial reference. Besides, the Seller has no right to highlighted placement on the web site.
  • The Seller hereby undertakes to abide by all VENDAXO’s rules and shall submit his/her offer according to the web site practice.

OBLIGATIONS OF THE BUYER

  • The Buyer is solely responsible for the offer and shall ensure being entitled and capable of purchasing any assets subject to an offer.
  • The highest bid price will not necessarily win since the proposed service is not an auction sale service unless mentioned specifically
  • VENDAXO does not warrant that all offers would be considered. Only the most relevant offers will be examined. There shall be no cause for action against VENDAXO available to a customer whose offer was not studied.
  • The Buyer shall by default pick up the bill for transport, handling, customs costs and other expenses associated with the transmission of the asset being purchased. This notwithstanding, the parties may elect to apply a different rule. VENDAXO recommends that they should agree on the amount of these costs before closing the sale.
  • VENDAXO hereby reserves its right to reject any offer for any reason whatsoever, at any time and without incurring any liability thereby, without prejudice to any and all other rights and remedies.
  • Each offer binds the Buyer to negotiate with the Seller. The Buyer can withdraw its offer until it is selected by the Seller.
  • In submitting the offer, the Buyer undertakes to warrant the availability of the funds required to purchase the asset. Otherwise, following an emailed warning, the Buyer may be removed from the site without any further notice.
  • Every Buyer whose offer is accepted by the Seller shall immediately inform VENDAXO accordingly.
  • If the offer should exceed 1,00,000 Rs. VENDAXO hereby reserves its right to ask the Buyer to submit a bank confirmation that the funds are available.
  • On VENDAXO’s request, as a condition precedent and prerequisite to being introduced to the Seller, the relevant Buyer hereby undertakes to pay VENDAXO the deposit on the terms defined by VENDAXO.
  • In addition, the Buyer is bound under two essential obligations:
  • To accept delivery of the asset or else the Seller can refuse to execute its obligations, seek the enforcement thereof or rescind the sale contract.
  • To pay for the asset: the Buyer shall pay on the date and place stipulated in the sale contract.

Refund Policy:

Listing of Product/Equipment

If you choose to cancel listing of any equipment prior to the activation period completion date, we will not be liable to refund you for any unutilized time. In the event the Paid Content is not posted on the Website on account of any technical reasons, on receipt of payment confirmation, credits equivalent to the amount paid by you shall be credited in Vendaxo account. These credits may be used by you to list any other content for any other product on the website. These credits are non-redeemable for cash, non-transferable and non-assignable. However, refund will not be processed in the event any content is found to be violating the Terms & condition as described above.

For Scheduling Meetings

If you choose to reject the requested scheduled meeting you will not get refund. However if Seller reject the offer for the scheduled meeting or cancel the meeting you will get full payment refund within 72 hours of the cancellation message directly deposited in your bank account. Further postponement of meeting up to 1 week will not be considered as cancellation or rejection of meeting and there will be no refund process in that scenario.

SERVICES OFFERED BY VENDAXO

  • VENDAXO can contract out certain services provided by other natural persons or entities. Such third-party services can be offered to the Sellers and Buyers, at their own costs and under their own responsibility. Under no circumstances shall VENDAXO incur any liability on that count.
  • The services offered by third parties may include links to other Web sites or Internet sources. To the extent that such sites and sources are outside its control, VENDAXO shall not be held responsible for the provision thereof nor can VENDAXO incur any liability as to the content, advertising, products, services or any other material available on, or from such sites or external sources. On no account shall VENDAXO incur any liability for any and all damage or loss, known or alleged, occurring as a result of, following or in connection with having used or trusted the information, services or data available at these sites or external sources.
  • The Sellers and Buyers remain solely responsible for any tangible or intangible damage and loss sustained by VENDAXO, whether direct or indirect, if they are caused or originated by their use of the service offered by VENDAXO. In case any Seller or Buyer should breach this agreement, a statute, contract or an applicable practice, they hereby undertake to hold VENDAXO harmless from and against any and all claims, suits and/or damage from the judgment incurred by, or threatened against VENDAXO.

Not an Offer

The information published on the Website does not constitute a solicitation to submit an offer, nor does it constitute an offer or a recommendation to acquire or sell investment platforms or to conduct any other transactions. All data available in any manner on the Website are for only general information The Website is not intended for persons who are subject to a place of jurisdiction that forbids the publication of or access to the Website.

Copyright

Vendaxo is the sole owner or lawful licensee of all the rights to the web site and its content except the third party content and link to third party web site on our website. Web site content includes its design, layout, text, images, graphics, sound, video etc. and all are protected under worldwide copyright and other laws. All title, ownership and intellectual property rights in the web site and its content shall remain with Vendaxo. The information contained in this web site is intended, solely to provide general information for the personal use of the reader, who accepts full responsibility for its use.

Vendaxo respects the intellectual property rights of others, and we expect our user(s) to do the same. Any visitors on the website cannot copy, download & reproduce any information, text, images, video clips, directories, files, databases or listings available on or through the web site for the purpose of re-selling or re-distributing, mass mailing (via email, wireless text messages, physical mail or otherwise), operating a business competing with Vendaxo, or otherwise commercially exploiting the content. Systematic retrieval of website content to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) without written permission from Vendaxo is strictly prohibited. Use of the content for any purpose not expressly permitted in this Agreement is prohibited and may invite legal action.

Governing Law and Jurisdiction

Subject to the Terms and Conditions set forth herein, any use of the Website and all legal disputes arising in connection therewith shall exclusively be governed by Indian law. Exclusive place and city of jurisdiction is Ahmedabad, Gujarat State, India.

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