Common use of An Agent Clause in Contracts

An Agent. (a) will comply with any legislative or regulatory registration requirements applicable to an Agent in all States and Territories in which they operate; (b) accepts that AuctionsPlus may accept or reject an agency application in its absolute discretion or impose such conditions as it sees fit from time to time; (c) will attend any training courses mandated and approved by AuctionsPlus; (d) will accept ongoing reviews of their accreditation as an agent by AuctionsPlus; (e) will comply with any legislative or regulatory registration requirements applicableto an Agent in all States and Territories in which they operate; (f) will ensure that any Assessor the Agent engages has the necessary contract in place and complies with the applicable terms of the User Agreement and Sale Terms and with all applicable laws and requirements of AuctionsPlus; (g) may not ‘take principal risk’ or own the stock they are selling unless agreed toin writing by AuctionsPlus; (h) will declare in the Assessment if the Agent is the owner of or otherwise has a financial interest in any relevant Lot and that the Agent has the necessary contract in place between the assessor and the agency if using a third party assessor; (i) confirms and acknowledges that the Assessor is engaged by and is acting for and on behalf of the Agent; (j) will comply with the User Agreement terms, any applicable Sale Terms, all applicable laws and any other requirements imposed by AuctionsPlus; and (k) will indemnify AuctionsPlus on demand for any Loss incurred arising out of the act, error, omission, default or negligence of the Agent or any Assessor engaged by the Agent.

An Agent. (a) will comply with any legislative or regulatory registration requirements applicable to an Agent in all States and Territories in which they operate; (b) accepts that AuctionsPlus may accept or reject an agency application in its absolute discretion or impose such conditions as it sees fit from time to time; (c) will attend any training courses mandated and approved by AuctionsPlus; (d) will accept ongoing reviews of their accreditation as an agent by AuctionsPlus; (e) will comply with any legislative or regulatory registration requirements applicableto applicable to an Agent in all States and Territories in which they operate; (f) will ensure that any Assessor the Agent engages has the necessary contract in place and complies with the applicable terms of the User Agreement and Sale Terms and with all applicable laws and requirements of AuctionsPlus; (g) may not ‘take principal risk’ or own the stock they are selling unless agreed toin to in writing by AuctionsPlus; (h) will declare in the Assessment if the Agent is the owner of or otherwise has a financial interest in any relevant Lot and that the Agent has the necessary contract in place between the assessor and the agency if using a third party assessor; (i) confirms and acknowledges that the Assessor is engaged by and is acting for and on behalf of the Agent; (j) will comply with the User Agreement terms, any applicable Sale Terms, all applicable laws and any other requirements imposed by AuctionsPlus; and (k) will indemnify AuctionsPlus on demand for any Loss incurred arising out of the act, error, omission, default or negligence of the Agent or any Assessor engaged by the Agent.