Welcome
to Cooper Owen, below are our Terms
and Condition. Please take the time
to read them carefully. This is a
legally binding contract. Please review
it carefully.
No other terms and conditions or any
additions, amendments or variations,
may apply in respect of any Cooper Owen
live and online auctions unless they
have been agreed in writing on behalf
of Cooper Owen.
1 In this agreement, the following
words shall have the following meanings:
1.1 “Authentication” means
the Cooper Owen certification of authenticity
as regards any item
1.2 “Buyer” means the
buyer of any item as determined by
the Auction terms.
1.3 “Cooper Owen”, means
Cooper Owen Limited “we”
or “us”
1.4 “Item” means the item(s)
of property listed and described on
the Receipt Form placed by the Seller
for Marquee Sale.
1.5 “Marquee Sale” means
a Cooper Owen on-line or public auction
(or a combination of the two) categorised
as a “Marquee Sale” as
defined in the Auction Terms or as
described on the website.
1.6 “Receipt Form” means
the front page of this agreement once
it has been completed and issued by
Cooper Owen on which the commercial
details of the proposed sale of the
item are set out and agreed with the
seller.
1.7 “Reserve” means any
reserve price agreed by the seller
and Mitrix Music Ltd. on the Receipt
Form or as otherwise agreed or reduced
in accordance with this Agreement.
1.8 “The Seller”, means
the individual, firm, company or other
entity your or you named as the owner
of the item on the receipt form.
1.9 “Summary” means the
Summary of Commissions and Charges
of Cooper Owen.
1.10 “Sellers Premium”
means the fee payable by the seller
to Cooper Owen under the provisions
of paragraph 9 Below.
1.11 “Terms and Conditions”
means the Cooper Owen Marquee Auction
Terms and Terms of Sale.
1.12 “Website” means the
Cooper Owen website with the URL:www.cooperowen.com
2 Agreement
2.1 On issue of a receipt by Mitrix Music Ltd., and the seller countersigning
the hard copy of the Receipt Form
and returning it to Mitrix Music Ltd.
Cooper Owen may choose to accept such
an item for entry to Marquee Auction.
If such acceptance is issued, this
agreement sets out the terms upon
which Cooper Owen accept such an appointment.
2.2 The summary and Terms and Conditions
will also form part of either of the
agreement between us. If you have
not received a copy of either of these
documents it is important that you
either contact us immediately, or
view them on the website. You will
still be contractually bound by the
provisions in the Summary and Terms
and Conditions if you have not read
them.
2.3 If Cooper Owen are happy to proceed
with the sale of the item at a Marquee
Sale, an updated Receipt Form will
be issued and details relating to
the proposed sale of the item will
be notified to you in due course.
2.4 Sellers resident within the EU
agree that the items will be sold
through the auctioneers margin scheme
unless they confirm in writing that
items are ineligible for the margin
scheme. Any VAT registered sellers
required to charge VAT on sales must
also notify us in writing. Sellers
warrant that goods imported into the
UK for sale were not exported from
the UK within 12 months prior to import.
The costs of shipping, insurance and
import taxes (if any) are the responsibility
of the buyer and are not part of the
bid price.
3 Possession of Items by Cooper Owen
3.1 The seller agrees to be responsible
for all delivery costs involved in
delivery of any item to Cooper Owen
if such delivery is requested in accordance
with Paragraph 5. Delivery will effected
by the Seller to our premises at 10
Denmark Street London WC2 8LS unless
otherwise notified to you by us. Delivery
is at the Sellers sole risk. Delivery
shall be effected within a mutually
agreed date of the issuing of our
acceptance of the item under the terms
of paragraph 2.1, otherwise we reserve
the right to withdraw such acceptance
by notice.
3.2 You agree to be charged by us
for insurance on each item while it
is in our possession. The cost of
such insurance cover shall be set
out in the summary.
4 Method of Sale
We shall offer the item for sale at
a Marquee sale. We shall have complete
authority to determine whether any
item is sold online or at a live public
auction, how any Marquee sale is conducted,
how the item is described, including
any venue for live auctions, the manner
in which items are grouped in selling
lots and the date of the Marquee sale.
Unless you have requested otherwise
in writing we have the right to use
your real or professional name as
the Seller of the items, as well as
other personal information to publicise
any sale in which the items are offered.
We shall be responsible for all publicity
relating to any Marquee Sale and any
item, and the level of such publicity,
its extent and the media in which
it appears shall be in our discretion.
5 Authentication
You will promptly provide us with
all details and information, which
we may reasonably require in order
to enable us to authenticate the items.
You will also be required to deliver
the items. You will also be required
to deliver the items to Cooper Owen
or a Cooper Owen representative to
enable authentication. No item will
be accepted for Marquee Sale unless
Mitrix Music Ltd. is satisfied to the
items authenticity.
5.1 Copyright and reserved rights CooperOwen.com/ Mitrix Music Ltd
Cooper Owen and Mitrix Music Ltd maintains full copyright on all presented
consignments presented by Cooper Owen/ Mitrix Music Ltd for the purpose of
promotion that Cooper Owen/ Mitrix Music Ltd Sees fit to profile for the
purpose of Exhibit and advertisement, Television Distribution, etc
and reserves all rights as to copyright on requested Provenance
recorded footage from consigners to support the promotion on line of
their consignment as well as in addition to if decided appropriate by
Louise Cooper Owner and sole Director of both Mitrix Music Ltd and
CooperOwen.com without any agreement or approval from the consigner,
as this is a request and part of the business of promotion and added
provenance for exhibition purposes for all any consignment item or
collection consigned to CooperOwen.com Mitrix Music Ltd. Unless
agreed prior by both parties for a 50/50 split of copyright on requested
footage from Cooper Owen. Com/ Mitrix Music Ltd. CooperOwen.com/ Mitrix
Music Ltd will not be held liable or responsible for any proven incorrect
info given by consigner of item for the purpose of known origin and
ownership, provenance information as requested by CooperOwen.com/
Mitrix Music Ltd.
5.2 Reserved Rights & Copyright Protection Live Events
CooperOwen.com reserves the right and maintains all Exclusive
Copyright for any footage filmed by Cooper Owen /Mitrix Music
Ltd of all Invited artists and live bands playing at the Event
capturing vocal and sung performances including all audio from
General Public ticket and badge holders or otherwise/ Presenters/
Hosts/Venue Premises / Crew/ Production/ all Event staff and paid
Public and/or Invited Guests at any of the 'We Will Rock Ascot
2008 - The Gathering Live Events or any other CooperOwen.com
Mitrix Music Ltd Live filmed Events, including Auction Action
and Historical Music Collectors Show. VIPs Rooms, all Zones
and Space Within Film and Event Capacity.
6 Reserves and Estimated Prices
All items will be offered for sale
at Marquee Sale subject to the agreed
confidential Reserve, unless you choose
to sell the item without reserve.
Unless otherwise agreed to previously,
the Reserve is the minimum price,
which you will accept for the item,
and below which the item will not
be sold. Each item, when publicised
by us will also state an estimated
price, being the price range reflecting
our opinion of the amount the item
may be expected to bring at auction,
based upon such factors as its condition,
provenance, quality, rarity and prices
paid at auction for comparable items.
The estimated price will not include
the Buyers Premium, VAT, Shipping
and insurance charges, and sales taxes
(if any), and may be revised prior
to the Marquee Sale. In no event may
the reserve exceed the lowest figure
in any estimated price. The Reserve
shall be agreed prior to sale and
shall be set out in writing in a Pre-Sales
Advice form issued by Cooper Owen.
You will be asked to sign such forms
to indicate acceptance of the reserve.
In such event where the Pre-Sales
Advice form is not received Mitrix Music Ltd. the reserve will be set at the
lower estimate.
7 Sellers
Prohibited From Bidding. Collusion
between bidders, or any form of price
manipulation or bidding rigging, is
prohibited. You will not directly
or indirectly place (or cause to be
placed bids) on your items, or otherwise
attempt to manipulate the market.
Making bids under a false name or
with a stolen or invalid credit card
is prohibited. We may in our sole
discretion (i) refuse or remove bids
which Cooper Owen believes are fraudulent;
or (ii) cancel bids which Cooper Owen
believes are made not in good faith
or made in violation of applicable
law. If you are in breach of the Terms
against such improper bidding, we
shall continue to be entitled to payment
of our commission, fees and charges
as if the sale of the item had been
properly completed for the amount
which was bid in which case we shall
make the item available for collection
by you in accordance with paragraph
18, or we may retain and sell the
item without reserve to recover such
commission, fees and charges.
8 Completion of Sale and Settlement
of Account
A sale shall be deemed completed when
the buyer has made final and full
payment to Cooper Owen notifies you
that it has received full payment,
you have 3 days to ship the item to
the buyer. Cooper Owen shall pay you
the net proceeds of the sale within
28 days after receiving proof of shipping
from you, provided that the Buyer
has not given notice of intention
to rescind the sale, and that no third
party claim has been made against
the item or the proceeds of the sale.
You agree that we shall retain such
percentage, of the gross amount paid
by the Buyer for any item as was set
by us on the Receipt Form or, if not
set out on the Receipt Form as in
accordance with the rates set out
in the summary.
9 Sellers Premium
You agree that we shall retain such
percentage, of the gross mount paid
by the Buyer for any Item as we set
out by us on the Receipt Form or,
if not set out on the Receipt Form
as is in accordance with the rates
set out in the Summary.
10 Buyers Premium
A buyers premium, is of such percentage
which is to be determined by us in
accordance with the Summary will also
be charged by us on the final bid
price of each item which is sold.
We shall be entitled to collect and
retain the Buyers premium as an additional
commission.
11 Sellers Warranty and Indemnity
11.1 You represent and warrant with
respect to each item that: (i) it
is original and not counterfeit; and
(ii) that its description and physical
condition is substantially accurate
in all material respects; and (iii)
that it is not stolen or believed
to be stolen and that you have good
and marketable legal title, free and
clear of any lien, security interest,
leasehold interest, co-ownership interest
or any other type of encumbrance or
interest of any other person or entity
and that good title (with full guarantee)
will pass to the Buyer upon sale ;
and (iv) that there are no restrictions
on our right to photograph the item;
(v) that you have fully disclosed
to us in writing all known information
affecting its value, condition, defects
and the like; and (vii) that any materials,
images, photographs or video tapes
supplied by you or on your behalf
will not infringe any copyright or
other third party rights; (viii) that
the sale of the item will not infringe
any law of any territory in the world
where it is to be offered for sale.
11.2 You acknowledge and agree that
we may rely upon the accuracy and
completeness of such representations
and warranties as to each item. You
agree to fully, indemnify us and our
employees and agents from any and
all claims, actions, damages, losses,
liabilities and expenses, however
arising (including legal fees both
internal and external) resulting from
any and all claims or proceedings
relating to any item, or resulting
from any alleged breach of any of
your of your obligations, representations
or warranties. The provisions in this
paragraph shall survive the completion
of the transactions contemplated by
this agreement.
12 Withdrawal of Item By Seller
12.1 Your consignment of an item (by
the forwarding of a signed Receipt
Form to Cooper Owen is) your irrevocable
offer to sell the item at the end
of the auction of that item at a Marquee
Sale to the Buyer who submits the
highest bid above the Reserve. If
you withdraw any item from a Marquee
Sale you may do so up to One Week
before the commencement of the Marquee
Sale at which the item will be auctioned.
Withdrawal may be notified to us in
writing by letter sent postage prepaid
of faxed to us at our main fax number.
12.2 In the event of a withdrawal
of an item by you, you agree to pay
us a withdrawal fee to cover administrative
and other costs. Such withdrawal fee
is a flat rate fee of 20% of the lower
of estimate or reserve. Other fees,
charges and expenses, which apply
before or after such withdrawal, shall
be charged in addition.
13 Withdrawal of item by Cooper Owen
We reserve the right to withdraw any
item from any Marquee Sale following
our acceptance of it accordance with
paragraph 2.1 or paragraph 5, if,
in our sole discretion, there is any
doubt as to the accuracy of your representations
or warranties to us concerning it,
if we believe that we are unable to
issue Authentication in respect of
the item, if your email address or
credit card details appear to us to
be invalid or for any other reason
which in our sole discretion necessitates
such action. Withdrawal by us of an
item will be notified to you be email,
letter or fax and paragraph 18 shall
apply.
14 Credit Cards Details
Any credit card details supplied by
the seller may be used by us without
further notification to obtain payment
of all sums which become due from
you under the terms of this agreement.
In the event that we believe, in our
sole discretion, that your credit
card details are incorrect or no longer
valid, paragraph 18 shall apply.
15 Photography, Video and Licence
Fees.
If the Seller wishes to provide us
with photographs or videotapes of
any item, such material must be delivered
to us in a format suitable for display
or streaming on the web site. Technical
specifications (which must be complied
with) shall be provided request. It
is the Sellers responsibility to ensure
that copyright is not infringed by
the use of any such material and also
to pay any licence fees and to obtain
any necessary permissions from as
paying joint owner. The use of original
images taken by the Seller is strongly
recommended. If you prefer, Cooper Owen
may take responsibility for helping
you meet the necessary technical specification
or for creating and providing such
images. We may charge for this service,
and in such circumstances all copyright
in such images shall remain with us.
16 Archive
All materials supplied to, created
or used by Cooper Owen in accordance
with paragraph 15 above or other information
relating to the items or their appearance
or proposed appearance in a Marquee
Sale (including the final sale price)
may continue to be used indefinitely
in any archive operated by us, whether
on the Web site. or otherwise, or for
any other publicity or commercial
purposes or exploitation without territorial
restrictions.
17 Buyers Default
Cooper Owen will not be liable for
any failure of a Buyer to pay the
purchase price for any item or otherwise
to perform their obligations. Cooper Owen
will not be responsible in any way
for collection of any amounts due
from a Buyer. In the event of non-performance
by the Buyer, we may in our sole discretion
of non-performance by the Buyer, we
may I our sole discretion cancel the
sale in which case the item will be
treated as if it had failed to reach
the Reserve and paragraph 18 shall
apply.
18 Rescission
You authorise us to rescind the sale
and accept the return of any item
we, in our sole judgment, determine
that its sale was in breach of any
of your warranties or representations.
In such event, you authorise us to
refund or credit the Buyer for the
price of the item, and if we have
already paid to you any proceeds of
the rescinded sale, you shall, immediately
upon request, refund such payment.
In the event of such breach of warranty,
you shall be responsible for our full
commission, including Sellers Premium
and Buyers premium, and for all expenses,
which we may incur, including reasonable
attorneys fees (both internally and
externally), in effecting the rescission.
We will only return the item to you
after your entire indebtedness to
us has been paid in full. To this
end, we shall be entitled to sell
the item by such means and at such
time, as we consider appropriate.
19 Failure to reach reserve
19.1 If any item should fail to meet
its Reserve, we may, in our sole discretion
either notify you by email, letter,
telephone or fax that the items was
unsold we may recommend to you in
writing, by fax, telephone and or
by email that the Reserve will be
lowered to a specified sum and that
the item is to be re-offered in a
subsequent Marquee or Mosh Pit Sale.
If you do not respond in writing or
by email within (7) days after the
date of such notice, you will be deemed
to have agreed to the lowering of
the Reserve.
19.2 If we have notified you that
any item is to be withdrawn, you shall
be responsible for collecting the
item from the premises and for all
related costs. Collection of a withdrawn
item must be completed within fourteen
(14) days of our notification, failing
which we shall be entitled to levy
storage charges in accordance with
the rates set out in our summary.
At any time thereafter we may notify
you that the item is to be sold by
us without reserve by publication
auction, although not necessarily
in a Marquee Sale. The date of the
sale will be notified to you for collection
of the item not later than one week
prior to the commencement of such
sale.
19.3 Any item collected by you in
accordance with paragraph 19.2 should
be examined as to its condition at
the time of collection. In any event,
any claim that an item has been damaged
while in our possession must be notified
to use no later than 48 hours after
it has been removed.
20 Use of Email and Passwords
20.1 If at any time a password issued
to you, it is strictly private and
confidential and may only be used
for purposes for which it is provided.
You shall be responsible for all acts
carried out or resulting from any
use of your password by another party,
whether authorised by you otherwise.
We reserve the right to withdraw any
password which we consider to have
been misused or where we may believe
there has been a security breach.
20.2 You agree that email correspondences
between us shall be binding or reduction
of Reserve or in relation to all other
notices. It is your sole responsibility
to ensure that your emails are checked
regularly and can be accessed by you
at all times including during any
period when you may be travelling.
You shall be solely responsible for
notifying us in the event of nay change
in your email address and for obtaining
back up facilities in the event of
any sever failure or other.
21 Limitation of Liability
21.1 Cooper Owen accepts no liability
for any indirect, consequential or
economic losses or any loss of profit.
We shall not be liable for any failure
in the internet, whether in respect
of end-to-end connectivity or any
failure by any email to reach its
destination mail within the expected
time or at all. We shall not be responsible
for any failure to fulfil our obligations
due to any matter, which is beyond
our control, including technical malfunctions.
21.2 The maximum amount of Cooper Owen’s
liability to the Seller for breach
of our obligations, for, negligence
or otherwise (to the fullest extent
that it is possible to limit such
liability at law), shall be the successful
bid price of an item if it has been
sold or, if it has not been sold,
the Reserve.
22 Notices
Notice to us shall be given by recorded
delivery mail, to our address at 10
Denmark Street, London, WC2H 8LS,
and notice shall be given to you by
email to the email address, or by
recorded delivery mail, to the address
set out in the Registration Form.
Email notices given by us shall be
deemed effective on the day they are
sent whether or not they are received.
Notices by recorded delivery mail
will deemed accepted when delivered.
23 Assignment
Cooper Owen shall be entitled to assign
or subcontract its rights and obligations
under this agreement at any time in
its sole discretion, whether for the
purposes of appointing an escrow agent
or otherwise.
24 Entire Agreement
This Agreement and the documents referred
to in it represent the entire agreement
between us in respect of the subject
matter and may only be amended either
by written agreement between us, signed
on behalf of both parties (in respect
of which agreement conducted by electronic
mail shall constitute signature) or
by Cooper Owen issuing a general amendment
to this Agreement or any documentation
referred to it by posting such amendment
on web site., Such amendment shall be
effective from the time of posting
on the Web site. and it is your obligation
to keep yourself informed of any updates
to these Terms and Conditions.
25 Resolution of Disputes
Cooper Owen and the Seller agree that
the English Courts in London shall
have exclusive jurisdiction in respect
of any dispute arising between us,
other than in respect of the enforcement
of judgments, where their jurisdiction
shall be non0exclusive English law
shall govern the contract between
us.
Further information:
Summary
of Charges
Buying
at CooperOwen.com Live and Online
Auctions
Buyers
Agreement
Selling
at CooperOwen.com Live and Online
Auctions
For help and all other queries please
contact us at: customerservice@cooperowen.com
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