Common use of Dispute or Error Clause in Contracts

Dispute or Error. In the event of any dispute, error, discrepancy or any other reason deemed sufficient by Rapaport, Rapaport reserves the right to provide a full refund to Buyer, withdraw any lot from Auction and/or refuse any bid or cancel any sale and return the Merchandise to the Supplier, subject, however, to the prior payment in full of any Supplier Advance as provided for in Section C below. In event of cancellation of Sale, Rapaport guarantees return of Merchandise to Supplier or full payment of the high bid/buy-now price minus commission (Sale Fee) and agreed expenses. If Xxxxxxxx withdraws any lot or cancels any Sale, both Buyer and Supplier agree to waive any claims, and undertake not to institute any legal action, against Rapaport and/or against each other. All decisions by Rapaport will be final and binding on bidders, Buyers, and Suppliers and their respective agents.

Appears in 3 contracts

Samples: Rapaport Trading Agreement, Rapaport Trading Agreement, Rapaport Trading Agreement

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Dispute or Error. In the event of any dispute, error, discrepancy or any other reason deemed sufficient by Rapaport, Rapaport reserves the right to provide a full refund to Buyer, withdraw any lot from Auction and/or refuse any bid or cancel any sale and return the Merchandise to the Supplier, subject, however, to the prior payment in full of any Supplier Advance as provided for in Section C below. In event of cancellation of Sale, Rapaport guarantees return of Merchandise to Supplier or full payment of the high bid/buy-now price minus commission (Sale Fee) and agreed expenses. If Xxxxxxxx Rapaport withdraws any lot or cancels any Sale, both Buyer and Supplier agree to waive any claims, and undertake not to institute any legal action, against Rapaport and/or against each other. All decisions by Rapaport will be final and binding on bidders, Buyers, and Suppliers and their respective agents.

Appears in 2 contracts

Samples: Rapaport Trading Agreement, Rapaport Trading Agreement

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