Model Format of Auctioneer Agreement

Model Format of Auctioneer Agreement

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Auctioneer Agreement
Auctioneer Agreement

_______, referred to as SELLER, and __________, referred to as AUCTIONEER, agree: SELLER employs AUCTIONEER to sell, at public auction, the property described in the attached Exhibit Place, Date, and Time of Sale The auction shall be held at _______________, on ______________.Duties and Obligations of AUCTIONEER .AUCTIONEER shall carry out the following duties:

(a) AUCTIONEER shall have a catalog of seller’s property and shall distribute the catalog no fewer than 14 days before the auction and the catalog shall be in a manner which will interest all persons who might reasonably be interested in such sale and in the sales thereof.

(b) Auctioneer shall cause the auction be advertised in the _________________Newspaper no fewer than 3 times and at least 15 days before the sale.

(c) SELLER shall deliver to the auctioneer the items for sale no later than 7 days before the sale, and seller shall bear all risk of loss of or damage to the property not caused by the auctioneer’s fault or negligence or as the case may be….

Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here

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