Terms of Use
These Terms of Use (“Terms”) govern your access to and use of the NeXT.auction services (the “Platform”).
By creating an account, placing a deposit, or using our services, you agree to be bound by these Terms. If you do not agree, do not use the Platform.
1. Eligibility & Accounts
- You must be at least 18 years old and legally able to enter into contracts.
- You are responsible for maintaining accurate account information and safeguarding your login credentials.
- All users must verify their identity before bidding. We use third-party providers for verification.
2. Services Provided
The Platform enables independent auto auction companies to list and manage auctions and enables users to participate in online bidding. Services include:
- Online bidding software
- Inventory management and reporting tools
- User identity verification
- User deposit management for online bidding
We act as a service provider only. We are not a buyer or seller in any auction and are not a party to sales contracts formed between auction companies and bidders.
3. Deposits & Bidding Rules
- A minimum deposit is required to bid in auctions. Deposits are processed and held through a 3rd party banking provider.
- Deposits are refundable at any time unless tied to an outstanding invoice.
- All bids are binding. If you win an auction, you must pay the invoice within the stated time period (typically 14 days).
- If you fail to pay, your deposit may be forfeited in accordance with auction terms.
- Users with insufficient deposits may not bid until replenished.
4. Invoices & Payments
- Winning bidders will receive invoices for auction lots.
- Payments must be completed within the deadline set by the auction company.
- All payments are processed securely. We do not store payment card or bank account information.
- Failure to pay an invoice may result in account suspension and forfeiture of your deposit.
5. Refunds
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Deposit refunds: Available upon request if there are no outstanding invoices.
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Auction lot refunds: Handled according to the individual auction company’s terms. The Platform does not guarantee refunds for auction sales.
6. Prohibited Uses
You may not use the Platform to:
- Create fraudulent accounts or place spurious bids
- Engage in unlawful, abusive, or misleading conduct
- Interfere with or disrupt the operation of the Platform
We reserve the right to suspend or terminate accounts for violations.
7. Disclaimers & Limitation of Liability
- The Platform is provided “as is” without warranties of any kind.
- We are not responsible for the acts, omissions, or representations of auction companies or bidders.
- To the fullest extent permitted by law, our liability is limited to the greater of: (a) $100, or (b) the total amount you paid us in the 12 months preceding the claim.
- We are not liable for lost profits, indirect damages, or business interruption.
8. Indemnification
You agree to indemnify and hold harmless Rhomega, LLC (d/b/a/ NeXT.auction), its officers, employees, and agents from any claims, damages, or expenses arising from your use of the Platform, violation of these Terms, or violation of third-party rights.
9. Third-Party Services
- Payments, deposits, and identity verification are powered by third-party providers.
- We are not responsible for the actions or failures of third-party providers.
10. Changes to Terms
We may update these Terms from time to time. Updated Terms will be posted on our website, and your continued use of the Platform constitutes acceptance.
11. Governing Law & Disputes
- These Terms are governed by the laws of the State of Wyoming, without regard to conflict-of-law principles.
- Any disputes must be resolved in the courts of Wyoming unless otherwise required by law.
- At our option, disputes may also be resolved through binding arbitration.
12. Contact
For questions or concerns regarding these Terms, please contact us at:
Rhomega, LLC (d/b/a/ NeXT.auction)
1603 Capitol Avenue, #413-3681
Cheyenne, WY 82001