conditions mentioned below. So if you do not agree with the terms, then you cannot use www.liveauction.am website.
• Use of the website
• Accurate use
Hereby you guarantee that you will not cause any difficulty and inconvenience neither for LiveAuction nor for the users of the website in any way. Moreover,
you will not let others to use for the internet site for the same purposes mentioned above. You also guarantee not to use the service of LiveAuction for
transferring and installing illegal as well as defamatory, abusive and threatening materials as well as materials that in our opinion may cause difficulty and
discomfort for LiveAuction LLC or other entities.
LiveAuction trademark, our brand name, are listed on this website and are belonging to the LiveAuction LLC. Furthermore, these trademarks are protected by
the legislation of the Republic of Armenia and corresponding international treaties.
• Registration and Security
To have the possibility to use our services, you must register and give complete and accurate information to LiveAuction LLC. In case of not providing
and accurate information during the registration, we can easily terminate the
provision of services. The usage terms include some expressions,
from which one
of them is the expression « “We” or “Our” and the other is «“You” and “Your” -
the first one is about LiveAuction and its staff, and the next one
is about its
customers and participants. Being registered in the current web-site and using
these terms you confirm your responsibility towards LiveAuction.
• Use of the website by Children
Children (people under the age of
18) are not eligible to use the website without the permission of their
parents, and we encourage them not to submit any
personal information. However,
if you are under the age of 18, you may use this website only under the
supervision of parents or guardians.
• Privacy Protection and Personal Data
• Main concepts used in the website
•Auction – the process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest
bidder. Auctions are going to organized through www.liveauction.am (from
now on – Website).
•The auction organizer - LiveAuction LLC.
•Accept - complete or unconditional acceptance of the present
usage terms by the participants (performed by www.liveauction.am) during the
•Ongoing auction – auctions, which were taking place at the
•Upcoming auctions - auctions which have not yet started
•Auction participants - individuals who have paid the
participation fee in the auction
•Participation payment - the amount of money set by the
organizer of the auction
•Lot - goods that have a particular number, starting price,
appropriate description, etc. and sold via the auction
•Starting price –predicted price at the beginning of the sale
•Market price - actual price, by which the sales and purchase
of the goods/service are realized.
•Bid submission - price offer made by the participant during
the auction amount of which should not be less (more) than the minimum
(maximum) price set
previously by the organizer of the auction.
•The minimum (maximum) amount of the step - price offer, the
amount of which has already fixed by the organizer of the auction
•Purchase price - the last highest bid submitted by the
•Double auction -
auction which is organized again because of postponement
•Reserve Price- A reserve price is a price a seller can set
when they create an auction-style listing. It's the minimum price they're
willing to accept for an
•Reserve Not Met- It means that your bid (your full, maximum
bid, even if the full amount is not shown) is lower than the
"Reserve" set by the seller as the
minimum sale price, and you cannot
win that item with that bid.
•Reserve Met- It means that your bid (your full, maximum bid,
even if the full amount is not shown) is equal or more than the reserve price,
which means that
you win that item with that bid.
•Second Chance Offer- A "Second Chance Offer" is
when the seller of an item has been given the ability (authorized by Liveauction)
to sell you an item you
placed a bid on, but didn't win. You can buy the item
at your original bid price and all safely done right on LiveAuction (just as if
you had won the auction).
•SMART Membership- a one-time payment, which allows an unlimited
amount of free participation to all SMART auctions
• Organizing and Holding Auctions
•The auction is held as the starting price starts to increase.
•Any goods or service can become the auction lot except the cases prescribed by law.
•The public announcements about the auction is comprehended via www.liveauction.am web-site.
•Each auction starts and ends its day and time specified in the public announcement.
•If one of the participants bids during the last 3 minutes, the time becomes again 3 minutes until the end of the auction.
•The auctions can have different duration. Thus every auction are accompanied by the countdown clock.
•The winner of the auction is considered the participant who has submitted the highest price at the end of the auction.
• What's a SMART Auction?
SMART auction is the auction, where the item for sale may not be sold if the final bid is not high or equal from reserve price enough to satisfy the seller.
•What's a Reserve Price?
A reserve price is a
hidden minimum price—essentially, the lowest price you're willing to accept for
your item. If the listing ends without any bids that meet
the reserve price,
you aren't required to sell the item.
The reserve price is hidden from buyers. When a potential
buyer bids, he/she must pay attention to the message above the price that shows
price met the reserve price or not. The auction continues until
the reserve price met, the listing shows the message Reserve not met. Of
aren't obligated to reveal their reserve price.
When you bid on an item with an amount equal or more to
reserve price, and your maximum bid meets the reserve price, then the table
that showed “Reserve
not met” will automatically change to “Reserve met.”
Note: If a seller's reserve price isn't met, they might
choose to offer the item to one of the bidders using a Second Chance Offer.
• What's a Second Chance Offer?
When the auction ends with the reserve price of up to 10% lower price, then the decision “either sell the product or not” belongs to the only seller and the seller required to decide whether to sell the item or not. Seller has only 24 hours to make a decision and during this period seller can choose the highest price offered by the bidder to sell this product, otherwise, the auction will fail.
1.For instance, A seller lists an item with a starting bid
of $100 and a reserve of $1000. Bidder A bids $150. The current bid increases
to $150 but the
reserve isn't met. If nobody else places a bid, Bidder A does not win the item.
2.For instance, Bidder B places a maximum bid of $1500. The
current bid increases to $1000 (the amount of the reserve) and the reserve is
met. If nobody
else places a bid, Bidder B wins the item at the price of $1000.
3.For instance, bidder G places a maximum bid, which is
lower than the reserve price. Let’s assume that the price that G bidder places
is 940$, which as
we already know does not meet the reserve price. However, when the difference between the reserve price and the highest price offered by the bidder is
little (up to 10%), the buyer gets an opportunity to get the second chance offer. In this case, the seller decides whether to sell or not. If the seller decides
not to sell, the auction will fail.
• Participants of the Auction
Using www.liveauction.am website organizers have the
opportunity to organize auctions, with the participation of any physical or
legal individual, which also
participants cannot be the people who cannot obtain property rights in respect
of the lot sold at auction.
• Terms of the Participation in the Auction
•After registration, the participant receives an identification number from the system.
•The member fills his/her personal data in the appropriate
area for taking part in the auction (the data regarding the participants of the
auction are not public)
and pays the auction participation payment.
•After making the payment, the participant receives the
payment conforming message and from that moment the participant is able to
submit bids by
increasing the floor price.
•Before the end of the auction any participant is entitled to submit a new bid, which would exceed the minimum bid set by previous participant.
•The winner of the auction becomes the one who submitted the highest price bid during the auction(while the auction has not ended)
•The auction is considered complete when the auction winner pays the price of the lot and delivery fee.
•The participation fee paid for involvement in the auction is
not refundable and will be credited by the participant regardless of the
success or fail of the
•After winning the auction, the participant is obliged to pay
the price of the lot and delivery fee. The participant can choose the time of
payment, which allows
making the payment immediately or within three working
•In the case of failure to pay within the prescribed period,
the participant must pay a penalty of 25% of the total purchase price of the
lot. Otherwise, there will
be judicial interventions. So the organizer is also
enabled to exclude the participant from the system and do not allow participate
in further auctions.
• Buyer’s participation conditions of SMART Auction
The buyer supposed to pay one-time membership, which allows an unlimited amount of free participation to all SMART auctions
If you're the highest bidder on a SMART Auction and you meet
to the reserve price (where your Bid is equal to reserve price, or more), then you are the
winner at the end of the auction.
• The results of the Auction
Finished auction results marked "Completed
Auctions" section, where you can find information about;
•Started price/Market price/Purchased price
•Lot name/Lot brand/Shop
• SMART Auction is considered to be succeeded
•When the win price is equal or more from the reserve price
•When the winner of the auction pays the purchase price equal to or above the reserve price of the lot, and also the delivery price if the customer needs delivery.
• Auction is considered to be failed
Whenever the auction does not start by the fault of the
organizer obligations, then the participation fee paid by the participants
shall be refunded within
three working days or this fee can be used to
participate in another auction.
three working days or this fee can be used to participate in another auction.
During the auction, the starting price of the lot has not increased
Only one person participates in the auction
The participant won in the auction but fails to pay lot purchase price and delivery payment in the specified period.
Whenever these circumstances happened the auction becomes failed and the announcement about this turn into reality on the next day of occurring above mentioned conditions.
From the moment of announcement about the failed auction, LiveAuction LLC organizes re- auction; the conditions of which including starting price can be changed.
If the auction is declared failed, this means that the paid participation payments are not returned.
If the auction is declared invalid, because of failure to pay the fee for delivery and purchase price, then the participant is removed from the system, and other participants can take part in the re-auction without paying the participation fee.
RIGHTS AND OBLIGATIONS OF THE PARTIES
RIGHTS AND OBLIGATIONS OF THE PARTIES
• The organizer is supposed to;
• Present goods and services to the auction which completely
comply with the description given in www.liveauction.am.
• In order to take part in the auction, organizer obliged to provide access to participant's private information, such as system interface with the purpose of editing personal information and data.
• Determine the winner of the auction immediately ends.
• After the auction organizer supposed to connect with the winner and make an agreement on all issues related to payment as well as delivering the lot in the short term.
• Provide all information to the participants about the auction and the delivery of goods.
• The Organizer has right to;
•Independently determine the conditions of auctions (starting
price, an amount of participation payment, a minimum (maximum) number of steps,
auction implementation time).
•Make changes in the system at any time for ensuring the holding of auctions.
•Review or cancel the results of the auctions in case of crucial violations or outside intervention /hacker attacks/.
•Organize re-auction in case of essential technical problems.
•Temporary or permanent disqualify the participant by forbidding the access to the Web-site in the case of violating the Usage Terms and mainly the obligations of the participant.
•Organizer has right to use personal information submitted by participant to connect or send a message to him/her.
• The Participant is supposed to;
•Use only those mechanisms which are presented above (mainly connected with the rights and obligations of the organizer) for participating in the auction.
•Precisely indicate all the required data (name, surname, mobile number, address, e-mail address, etc.) during the registration.
•In a case of finding not an accurate data, the registration of the participant in the auction can be banned.
•During the enrolment in the auction, the organizer encourages you to protect all the rules, which is mentioned in the immediate Usage terms.
•Pay the purchase price and delivery payment of the lot in the specified period referred to by the organizer.
•Not to interfere during the auction.
•Obey the rules.
• The Participant has Right to;
•Register for free on the web-site and take part in the auctions held by the organizer with an unlimited number of victories by one participant.
•Submit unlimited number of bids at any time during the action.
•Send private messages to the organizer.
•Be informed about all finished auctions.
•Get advice regarding how auctions are being held and also about the delivery of the goods.
•Get winning lot after making the payment.
•The agreement of the terms and its resolution procedure
•Date of signing this agreement is the same date as the acceptance of this agreement.
•This agreement will enter into force upon its signing and will be valid until the moment of its resolution.
•The present agreement can be resolved at any time by the participant in “My personal page” via deactivation.
• Responsibility of the Partners
•The organizer is responsible for the organization of auctions.
•The organizer is responsible for deficiency of the lot, about which he/she was aware or should have been aware, but have not warned the participants of the auction.
•The organizer is not responsible for the participant's computer and software products operations as well as for the participant's internet connection.
•The organizer is not responsible for products (services) for non-compliance of the manufacturer's specifications and real specifications that the product or service has. Th descriptions of the lots are published based on the data submitted by the manufacturers of the products (services).
•The participant is responsible for the safety of data / username/password /.
•The organizer is not responsible for problems caused by the participant (example: the submission of wrong information).
•For failure to fulfill obligations, wholly or partially, the parties are released from responsibility, if it was due to environmental disaster / fire, natural disaster, war, etc.
• Payment Methods
•The lot price is paid only cashless payment options available in the Web-site or through a bank transfer to the account LiveAuction LLC. There is a chance for choosing the payment method by allowing to pay immediately or within three working days.
•Payments made by ARCA, VISA, MasterCard, Idram, MobiDram payment systems.
•The total price of the winning lot is consists of the lot purchase price and the delivery price.
•The basket can contain one or more lots, each of which should be paid separately.
•The lot is not shipped until payment has been made fully. Please be careful and check the account balance before making a payment.
•In the territory of the Republic of Armenia, the payments are made in AMD.
• Limited Liability
LiveAuction- uses the payment services and software products
provided by third parties and is not responsible for their availability. Online
during the opening page of the card payment systems and
personal data are not available LiveAuction LLC, and therefore cannot be stored
in our database.
During the specified payment date the LLC is taking
responsibility for using modern security system and also are used to ensure the
security of your personal
during the opening page of the card payment systems and personal data are not available LiveAuction LLC, and therefore cannot be stored in our database.
During the specified payment date the LLC is taking responsibility for using modern security system and also are used to ensure the security of your personal
• Delivery Rules
The following rules regulate the procedure for delivery of
goods purchased www.liveauction.am site and delivery of models.
• GENERAL PROVISIONS
•LiveAuction- delivery is carried out by the Republic of
Armenia and beyond its borders through specialized postal services.
•The list will be specified for each lot, which shows which
countries can make delivery payment. Therefore, check this list before payment
of the participation
•Depending on the delivery address, delivery amount and timing may be different.
•If the auction price of the lot is equal to the market price or exceed it, then the lot will be supplied free or charge in the territory of RA and NKR.
•The purchased lot is delivered only after making the payment
•Your purchased lot will be delivered to the address filled
in your personal page, so please provide only accurate and truthful
LiveAuction- is not responsible in case of any problem
encountered on that basis.
•If you do not wish to goods are delivered, so please sign off the bottom, which confirms the delivery. In this case you pay only the price of the lot.
•You can see in which stage of delivery is your purchased lot in the section of “Winning Auctions.”
• Dispute Resolution Procedure
In the case of disputes arising under this contract, the
parties shall make every effort to normalize relations through talks, pre-trial
order. If no agreement is
reached between the parties during the negotiations,
subject to the legislation
of the Republic of Armenia.
of the Republic of Armenia.
• Final Provisions
All the issues that are not regulated by the Site Terms of
Use shall be regulated by the procedure established by the legislation of the
Republic of Armenia.
These Terms are made in two languages (Armenian and English), which have equal legal force. Armenian, Russian and English
versions shall prevail in case
of discrepancy between the Armenian versions.