The Riyadh Car Show Auction 2019 - 22nd November 2019

The Riyadh Car Show Auction 2019 102 Seller’s behalf, and to settle claims and/or proceedings made by or against the Buyer on such terms as the Seller shall instruct, or in the absence of instructions on such terms and procedures as SEVEN MODERN COMPANY TRADING shall at its absolute discretion think fit. The Buyer shall be liable for all the costs incurred in any proceedings, negotiations or ADR (Alternative Dispute Resolution) including any shortfall in cost between those expended by SEVEN MODERN COMPANY TRADING or the Seller and those awarded by any Court or Tribunal. 19.2 If the Buyer fails to make payment within 14 days after the date and time referred to in clause 17.2, SEVEN MODERN COMPANY TRADING shall at its absolute discretion and without prejudice to any other rights it may have, be entitled to re-sell the Lot or cause it to be resold by public auction or private sale, and, if this results in a lower price being obtained, the defaulting Buyer shall then pay to SEVEN MODERN COMPANY TRADING any deficiency, together with re-sale costs and any costs incurred in connection with the Buyer’s failure to make payment and any surplus shall belong to the Seller. 19.3 If the Lot is not taken away on the date and time referred to in clause 17.2, whether or not the Purchase Price has been paid, SEVEN MODERN COMPANY TRADING shall remove, store (either at SEVEN MODERN COMPANY TRADINGS premises or elsewhere) and insure the Lot at the expense of the Buyer and only release the Lot after payment of the total amount due. 20. Liability of SEVEN MODERN COMPANY TRADING and the Seller 20.1 Buyers are solely responsible for ensuring that Motor Vehicles are safe for use, roadworthy (if a road going car) and comply with all relevant laws and regulations in force in all relevant jurisdictions and for ensuring that any necessary test certificates are in force It is the responsibility of the Buyer to carry out such inspection as he thinks necessary. 20.2 In bidding for any Lot, the Buyer acknowledges that he does not rely on any representation made to them by SEVEN MODERN COMPANY TRADING, its employees or agents. 21. Governing Law Any transactions to which the Terms apply shall be governed by KSA Law and the Courts of KSA shall have exclusive jurisdiction to settle all disputes arising in connection with all aspects of all matters or transactions to which these Terms apply. 22. Notices 22.1 Any shall be deemed to have been received:- 22.1.1 if hand-delivered, at the time of delivery; 22.1.2 if sent by mail, two days after the date of posting. 22.2 In proving service by delivery:- 22.2.1 by hand, it shall be necessary only to produce a receipt for the notice signed by or on behalf of the addressee; 22.2.2 by post, it shall be necessary only to prove that the notice was contained in a pre-paid envelope which was duly addressed and posted first class. 23. Data Protection 23.1 All information provided to SEVEN MODERN COMPANY TRADING will be treated confidentially and shall not be passed to third parties, except where necessary to complete a sale transaction. 23.2 SEVEN MODERN COMPANY TRADING reserves the right to pass on information when required by legislation, government authorities or the courts.