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11. Legal Notices
11.1
We
may validly serve a bidder with legal notice, if required,
under these conditions of sale by:
(i)
sending an email to the email address disclosed by the
bidder to
Us
; or
(ii) sending a courier to the address disclosed by the
bidder to
Us
.
11.2 Such legal notice shall be deemed to have been properly
served:
(i)
in the case of email transmission – on the date of the
transmission; or
(ii) in case of transmission by courier – 2 business days
after the dispatch of the notice by courier.
12. Waiver
No failure or delay in exercising any right, power, privilege
or remedy under these conditions for sale shall in any way
impair or affect the exercise thereof or operate as a waiver
thereof in whole or in part. No single or partial exercise of
any right, power, privilege or remedy under these conditions
for sale shall prevent any further or other exercise thereof or
the exercise of any other right, power, privilege or remedy.
13. Severability
If any part of these conditions of sale between the winning
bidder and
Us
is found by any court of law to be invalid,
illegal or unenforceable, that part may be discounted and
the rest of the conditions shall be enforceable to the fullest
extent permissible by law.
14. Governing Law and Jurisdiction
These conditions for sale are subject to the laws of India. All
parties are subject to the exclusive jurisdiction of courts at
Mumbai, Maharashtra, India.
15. Symbols used in this catalogue
Lots marked with are not situated in India and therefore,
may only be bid for and purchased in USD. Persons residing
in India, wishing to bid in USD must be eligible under the
various foreign exchange regulations to make payments
overseas. Please contact Saffronart for further details.
Lots marked with indicate that Saffronart owns the lot
in whole or in part or has an economic interest in the lot
equivalent to an ownership interest.
GLOSSARY
Antiquities Act
: The Antiquities and Art Treasures Act, 1972 and
any amendments made thereto from time to time.
Antiquity/Antiquities
: An antiquity as per Section 2 of the
Antiquities Act
and registered under the provisions of Sections
14 and 16 of the
Antiquities Act
.
Auction Catalogue
: The catalogue published by
Us
, whether in
print, on the
MobileApp
or on the
Website
, containing details
of the auction along with the description, price and other details
of
Antiquities
to be offered for sale at such auction. In case of
any discrepancy between the print
Auction Catalogue
, the
MobileAppAuction Catalogue
, the online
Auction Catalogue
and/or the eCatalogue, the online
Auction Catalogue
, as
modified by
Us
from time to time, shall take precedence.
Buyer’s Premium
: The amount charged by
Us
from the winning
bidder for services rendered by
Us
, in accordance with these
conditions for sale, in connection with the purchase of the
Lots
by the winning bidder.
GST
: Goods and Services Tax
Lot/Lots
: A property, including an
Antiquity
, to be offered at
the auction, or two or more properties/
Antiquities
to be offered
at the auction as a group.
MobileApp
: Mobile application developed by Saffronart, in
Saffronart’s capacity as
Our
service provider providing a mobile
auction platform for the auction.
Our/Us/ We
: Saffronart Private Limited
Reserve Price
:Theminimumprice that a seller has communicated
to
Us
as being acceptable for the sale of a
Lot
through the auction.
Rules:
The Antiquities and Art Treasure Rules, 1973 and any
amendments made thereto from time to time.
Technical Downtime
: The time period during which the
Website
or its server is not in operation due to a malfunction.
Website
: Saffronart’s website
(www.saffronart.com), in
Saffronart’s capacity as
Our
service provider providing an online
auction platform for the auction.