|“Auction”||A sale of a Vehicle through the Site on an Auction basis.|
|“Bidder”||A Buyer who bids for any Vehicle listed for sale on the Site in an Auction or Buy it Now sale.|
|“Bid”||A bid to purchase a Vehicle through the Site.|
|“Buyer”||A user of the Site registered as a buyer.|
|“Buy it Now”||A sale of a Vehicle through the Site where a Buyer may offer to purchase a Vehicle immediately (and not via an Auction) at a price specified by a Seller.|
|“Company”/“We”/ “Us”||Trade Stock Auctions Ltd as detailed at Clause 2.1.|
|“Purchase Price”||The price at which a Vehicle sells.|
|“Reserve Price”||A price which the Seller of a Vehicle may set as being the minimum price at which a Vehicle will sell via an Auction.|
|“Seller”||A user of the Site registered as a seller and the person selling a relevant Vehicle.|
|“Site”||Our website at tsa.co.uk.|
|“Vehicle”||A vehicle listed for sale on the Site whether by Auction or Buy it Now sale.|
|“Winning Bid”||A Bid by a Bidder for a Vehicle which exceeds any Reserve Price and which at the closing time of the Auction is the highest Bid for the Vehicle or alternatively the Buy it Now price which the Bidder has offered for a Vehicle and the Seller of that Vehicle has accepted. “Winning Bidder” shall be construed accordingly.|
If you register on the Site as a Seller, then the following provisions in this Clause 4 shall apply to you.
If you register on the Site as a Buyer then the following provisions in this Clause 5 shall apply to you.
You agree to indemnify us for any costs, loss or damage that we may incur from any breach of these Terms by you, including (without limitation) any breach by you of Clause 4.5.