IP-BID.com Terms and Conditions

IP-BID.com – The UK’s Online Insolvency Marketplace – aims to match active buyers and qualified sellers of distressed businesses and assets in a dedicated online marketplace.

These Terms and Conditions govern your use of the IP-BID website (‘IP-BID’) located at www.IP-BID.com and its services, including the Posting of business opportunities (‘Postings’). The submission of information to IP-BID is also covered by our Privacy Policy.

By registering with IP-BID (as a ‘User’) you are agreeing to abide by the Terms and Conditions set out herein. If you object to any aspects of these Terms and Conditions, you should not use the website, nor any of the services or information offered by IP-BID.

  1. An essential component of the IP-BID service is the notification by email of information such as new Postings and expressions of interest in Postings. By registering with IP-BID, Users explicitly agree to receive such email notifications, plus occasional newsletters containing information about IP-BID and its services, always according to the terms of our Privacy Policy.
  2. The information set out within IP-BID and its services is provided in good faith. Users of IP-BID submitting information, including Postings, warrant that such information is accurate to the best of their knowledge and IP-BID reserves the absolute right to remove information it believes is inaccurate or has been submitted in bad faith.
  3. In particular, those submitting Postings accept that they do so entirely at their own risk and warrant that:
    • they have the right, power and authority to submit the Posting;
    • the Posting is not false, inaccurate, misleading; nor does it contain fraudulent information;
    • the Posting is submitted in good faith, is not in any way illegal or defamatory, nor is it an infringement of any other party's rights.
  4. IP-BID (including affiliates, officers, directors, agents and employees) shall not be liable for any loss or damage including expenses or costs suffered by Users submitting information or any third party whether arising from the acts or omissions of IP-BID or any party made in connection with the information.
  5. Nothing published on the website or otherwise provided by IP-BID constitutes an offer and cannot be construed as a recommendation by IP-BID, which is not authorised to sell investment products. Parties considering information provided via IP-BID should always undertake their own due diligence before entering into any agreement.
  6. For the avoidance of doubt, in no circumstances shall IP-BID be liable for any economic losses (including, without limitation, loss of revenues, profits, contracts, business or anticipated savings), any loss of goodwill or reputation, or any special, indirect or consequential damages (however arising, including negligence).
  7. To the extent permissible by law IP-BID excludes all implied warranties, conditions or other terms, whether implied by statue or otherwise.
  8. Users shall promptly notify IP-BID of any actual, threatened or suspected claim made by a third party or parties against the User and/or IP-BID in relation to information submitted. IP-BID reserves the right, following a claim or threatened claim, to immediately remove such information. Any reinstatement of the information shall be at the sole discretion of IP-BID.
  9. The User acknowledges that IP-BID may re-use Postings or other information submitted to IP-BID, subject to the provisions of our Privacy Policy, and hereby assigns to IP-BID all rights, including but not limited to, copyright in all Postings, and warrants that any such activity by IP-BID does not and will not infringe any legal right of the User or any third party.
  10. The User accepts that the purpose of IP-BID is to disseminate information to as many active buyers as possible and that the information contained in the Postings published by IP-BID may be used by third parties after Posting for any purpose. In such instance, IP-BID accepts no liability whatsoever.
  11. By confirming a Posting on IP-BID, the User agrees to pay the appropriate fees as specified on the site at the time of Posting and detailed in an invoice, according to the payment terms specified on the invoice.
  12. The User accepts that charges for Postings may be amended from time to time and will be payable at the rate in force at the time of invoicing unless otherwise agreed by IP-BID. As Users will not be invoiced until the termination of a Posting the charges must be paid by the User within 14 days of receipt of invoice unless other requirements of IP-BID (as determined from time to time) are notified to the User.
  13. Users should ensure that any information supplied is correct before proceeding to payment. IP-BID does not accept responsibility or offer refunds if you provide incorrect information. IP-BID cannot be held responsible for any errors made by your entering incorrect information.
  14. Although our systems are programmed to deliver information in a timely manner, IP-BID will not be held liable for technical failures preventing this from occurring. If such an incident arises, we will make all reasonable efforts to ensure the appropriate information is delivered as quickly as possible.
  15. The IP-BID website may contain hyperlinks to websites operated by other parties. We do not control such websites and we take no responsibility for, and will not incur any liability in respect of, their content. Our inclusion of hyperlinks to such websites does not imply any endorsement of views, statements or information contained in such websites.
  16. A primary purpose of IP-BID is to match sellers and potential buyers of distressed businesses and assets. Users of IP-BID registering as potential buyers warrant that when they express an interest in a Posting, it is solely for the purpose of making a good faith assessment of the opportunity posted with a view to possible acquisition from the selling User. Any other use of expressions of interest is prohibited and may lead to suspension or termination of a User account. In any case, IP-BID reserves the right to withdraw access to IP-BID services at any time for any reason and to suspend or terminate a User account as it sees fit.
  17. If a User wishes to make a complaint, then please use the Contact Us facility.
  18. A person who is not a party to these Terms and Conditions has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of these Terms and Conditions but this does not affect any right or remedy of a third party specified in these Terms and Conditions or which exists or is available apart from that Act.
  19. These Terms and Conditions and all other express terms of the contract shall be governed and construed in accordance with the Laws of England and the parties hereby submit to the exclusive jurisdiction of the English courts.
  20. If any provision of these Terms and Conditions is held to be invalid or unenforceable, such provision shall be struck out and the remaining provisions shall remain in force.
  21. Your statutory rights are not affected.

If you have any questions or comments on these Terms and Conditions, please Contact Us.