Terms of use.

By creating an account, browsing auctions, placing a bid or listing an asset, you agree to these terms and to the auction rules, which form part of them. If you are acting for a company, you confirm you are authorised to bind that company. If you do not accept the terms, do not use the platform.

Age and capacity

You must be of legal age and able to enter binding contracts in your jurisdiction.

Accurate information

Registration and verification details must be true, current and complete, and must be kept up to date.

Account security

You are responsible for your credentials and for all activity under your account. Tell us immediately if you suspect unauthorised access.

No account sharing

Accounts may not be transferred, sold or operated on behalf of an undisclosed third party.

Bidding requires approved identity verification. We may request additional documentation, re-verify an account at any time, and suspend or decline access where verification cannot be completed or where information appears inaccurate. Verification decisions are recorded with a reason and can be appealed by contacting us.

Binding offers

Placing a bid is a binding, irrevocable offer to transact at that amount on the lot's stated terms.

No withdrawal

Bids cannot be edited or retracted. Only an administrator may invalidate a bid, with a recorded reason.

Server authority

The platform's records of amount, sequence and timing are authoritative and prevail over anything displayed on your device.

Winning obligation

If you win, you are obliged to complete the transaction and pay the total due, including tax and buyer's premium.

Sellers warrant that they have the right to sell the asset, that the description and documentation are accurate and not misleading, and that all material encumbrances, conditions and obligations are disclosed on the lot page. Sellers must complete the transfer promptly once payment is received, and may not bid on their own lots or arrange for others to do so.

Winners pay the winning bid plus value-added tax and the buyer's premium shown on the lot page, in Philippine pesos. Totals are calculated by the platform at closing. Seller commissions, listing fees and settlement timelines are set out in the seller agreement provided during seller onboarding. Failure to settle within the stated period may result in cancellation of the award, forfeiture of any deposit, and suspension of the account.

Shill bidding

Bidding on your own lot, or arranging for related parties to inflate or depress a price.

Collusion

Agreeing with other bidders to suppress competition or divide lots between you.

Off-platform circumvention

Contacting a counterparty to complete a platform-sourced deal outside the platform to avoid fees.

Automation and scraping

Using bots, scripts or automated tools to bid, scrape or place load on the service.

Misuse of data

Attempting to identify other bidders, or using platform information for any purpose other than participating in the auction.

We may suspend or close accounts, invalidate bids, cancel lots or pause bidding platform-wide where we reasonably believe these terms have been breached, where there is a security or integrity risk, or where the law requires it. Emergency actions are recorded in the audit trail with the administrator, the time and the reason.

Market Link Auctions provides the auction venue and the process. We are not the seller, we do not take title to listed assets, and we do not warrant the accuracy of seller-supplied descriptions or the quality, legality or value of any asset. Bidders are responsible for their own due diligence. To the fullest extent permitted by law, our liability arising from use of the platform is limited to the fees we received in connection with the transaction concerned.

These terms may be updated. Material changes will be published with a version and an effective date, and account holders will be notified. Continued use after the effective date constitutes acceptance. The definitive terms will state the governing law and dispute resolution forum, which are pending legal confirmation.