Download auction and estate sale agreements, service contracts and other forms. An auction agreement is between an auction company (or auctioneer) and the owner. The owner employs the auction company to offer for sale at a public auction the real and personal property described in the form. The form also provides that the document constitutes the entire agreement between the parties. Essential for ordinary auctions and estate sales.
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What is an auction?
An auction is a sale for the public on goods or property that are sold to a person who out bids the rest of the public in attendance. There two major types of auctions that is either a forward auction that several buyers bid for one seller’s goods, or a reverse auction where several sellers bid for one buyer’s order. Once an auction has ended then the highest bidder will be under a binding contract when the bid is accepted by the seller or the buyer.
What forms are used at an auction?
There are many forms that can be used at an auction. These forms include Auction of Personal Property Agreement, Auction of Real Property Agreement, Notice of Lien for Motor Vehicle or Car Repairs and of Sale at Public Auction to Satisfy Lien, and many more. Most of these forms are used to bind a buyer or seller in a contract of selling or purchasing an item/property.