Terms and Conditions of LatiAuction

Welcome to the LatiAuction section of latiaxis.com. By participating in the auctions on our site, you agree to the following Terms and Conditions. Please read the rules carefully to ensure a clear and transparent experience.

1. Definitions

• LatiAuction: The online auction platform available on latiaxis.com.

• Items: Exclusive or selected products from our catalog offered for auction.

• User: Any registered person on latiaxis.com participating in the auctions.

• Reserve Price: The minimum price set for certain items, below which no offer will be accepted.

• “Buy Now” Option: An option allowing the user to purchase the item immediately at a predefined price, overriding all previous bids.

2. Participation in Auctions

2.1 To participate in auctions, you must be a registered user on latiaxis.com and accept these Terms and Conditions.

2.2 Users can place bids during the auction’s open period. The closing time will be specified on the item’s page.

2.3 All bids are binding and cannot be withdrawn.

2.4 Usernames of bidders are hidden to ensure privacy.

3. Determination of the Winner

3.1 At the end of the auction, the user who placed the highest bid (above the reserve price, if applicable) will be declared the winner.

3.2 The winner will receive an email with instructions to complete the purchase.

3.3 Payment must be completed within 7 days of receiving the email. In case of non-payment within this timeframe:

• The item will be offered to the second-highest bidder, or

• The item may be re-auctioned at latiaxis.com‘s discretion.

4. Reserve Price

4.1 Some items may have a reserve price. If the reserve price is not met:

• The item may be relisted for a new auction, or

• The item may be offered to the highest bidder at a lower price, at latiaxis.com‘s discretion.

4.2 Users will be informed if the winning bid is accepted even without meeting the reserve price.

5. “Buy Now” Option

5.1 Some items include the “Buy Now” option, allowing users to purchase the item immediately at the indicated price.

5.2 Using the “Buy Now” option overrides all previous bids and immediately concludes the auction for the item in question.

6. User Responsibilities

6.1 Users are responsible for ensuring the accuracy of their bids.

6.2 Users must complete payment within the specified timeframe for won items.

6.3 Any attempt to manipulate the bidding system (e.g., using multiple accounts) will result in immediate exclusion from the platform and potential legal actions.

7. Disclaimer of Liability

7.1 latiaxis.com does not guarantee that an item will reach a specific auction price or always be sold.

7.2 In the event of technical issues interfering with the auctions, latiaxis.com reserves the right to cancel or reschedule the auction.

8. Changes to Terms and Conditions

8.1 latiaxis.com reserves the right to modify these Terms and Conditions at any time. Changes will be communicated to users and published on the site.

9. Contact

For any questions or clarifications regarding LatiAuction, you can contact us at: web@latiaxis.com.

By participating in LatiAuction, you confirm that you have read and understood these Terms and Conditions.