Auction Rules and User Agreement

On accessing www.bankpropertyauction.com, the site of Good Business India, you automatically  enter into the user agreement on the terms and conditions set out below. This Agreement applies for an indefinite term.

User Registration:
For availing certain specific services offered by Good Business India, www.bankpropertyauction.com is available only to individuals and businesses who can enter into legal contracts. Persons registering, warrant that they provide accurate information. Good Business India, reserves the right to disapprove your registration or terminate your use of the site for any reason at any time.

User name and Password:
You are solely responsible for all use and for protecting the confidentiality of your user name and password and e-mail address.

www.bankpropertyauction.com is only a Venue:
The Site is only a venue for registered sellers to conduct sale of investment /assets and property, and for buyers to make offers on such property. Good Business India through its website www.bankpropertyauction.com is not involved in the actual transactions between buyers and sellers and therefore, no control over the quality, safety or legality of the items advertised, the truth or accuracy of the listings, the ability of sellers to sell items or the ability of buyers to buy items.
In the event that you have a dispute with another User (whether a buyer or seller), you hereby release Good Business India & its proprietor/partners, directors, officers, employees and agents from and against any and all claims, demands and damages (actual and consequential) of every kind and nature, known and unknown,   suspect and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such  disputes. In no event will Good Business India be liable for any damages or losses experienced through the use of this website regardless of whether Good Business India Ltd knew or should have known of the possibility of such damages or losses.

Warranty:
Good Business India is an auction service. We are not responsible for the merchantability or fitness of any item on this service. The buyer and seller assume all risk associated with the use of this system. Good Business  India is not responsible for any damages, including damages that result from, but are not limited to negligence. Good Business India will not be held responsible for consequential damages, including but not limited to: system problems, inability to use the system, loss of electronic information which affect the auction, acts of god, nor any other act beyond our reasonable control. Users of Good Business India through its website www.bankpropertyauction.com agree to indemnify and hold harmless, Good Business India it's owners and agents for any incident of loss or damage as a result from using this system.

No one shall perform its role unlawfully:
Sales price manipulation of any kind directly or indirectly by communication with other buyers as well as by sellers unlawfully otherwise is prohibited.

Taxes:
You acknowledge and agree that Good Business India does not take any responsibility to calculate, report or remit sales or any other taxes which may be assessed or owing to the Taxing Authorities of any jurisdiction for transactions that arise in connection with the use of the site. Good Business India (www.bankpropertyauction.com)

Changes: Good Business India, in its sole discretion, may change, add or remove any portion of this Agreement, at any time, by posting a new Agreement to the Site. Your continued use of the Site after changes are posted will constitute your agreement to such changed Agreement.

Deemed Agreement:
Any person who accesses this site to buy, sell or to take part in the advertised bid, or to use the other services are deemed to have accepted the terms and conditions of this agreement and be further bound by the  Disclaimer.

Online Bidding Event(OBE)
An Online Bidding Event (OBE) is essentially a process for price determination through an online, real time and competitive interaction between participants who bid (bidders). On-line Bidding Events initiated by the buyer are known as Reverse Auctions and those initiated by the seller are known as Forward auctions and they shall become effective once such online bidding system ,on the request of the seller on terms and conditions set therein are accepted ,and activated by Good Business India (www.bankpropertyauction.com).