Terms and conditions

Contents

• Introduction
• Definitions
• Role of Maynard Auctions - No Escrow / No Fiduciary Relationship

1. Registration
2. Proof of identity
3. General Terms and Conditions
4. Bidding
5. Real Estate Auctions
6. Items/Goods Auctions
7. Vehicle Auctions
8. Security Deposit
9. Buy Now & Make Offer
10. Security Deposit Refund
11. Payment
12. Refund & Return Policy
13. Guarantees
14. Inspection
15. Condition report
16. Estimates
17. Reserves
18. Buybacks
19. Compensation
20. Contact & Support
21. Amendments to the Terms and Conditions
22. Trademarks and Auction Data
23. Disclaimer
24. Harm to Maynard Auctions
25. Limitation of Liability
26. Applicable law and jurisdiction

Welcome to Maynard Auctions! By using our website and services, you agree to comply with and be bound by the following terms and conditions. Please read them carefully before using our site. If you do not agree with any part of these terms, you must not use our website.

Introduction

By accessing and using the Maynard Auctions website or any of its digital platforms, you acknowledge and agree to be bound by the terms and conditions outlined herein. These terms govern all aspects of your interaction with the platform, including the processes related to the listing, bidding, purchase, and sale of real estate through our services.

All properties, vehicles and other assets listed for auction are provided by third-party sellers ("First Party") and not by Maynard Auctions LLC itself. By participating in auctions or engaging with listings on our platform, you are entering into a transaction directly with the First Party. Any terms, warranties, or obligations associated with such transactions are solely between you and the respective seller.

For auctions, Maynard Auctions LLC acts solely as a facilitator and intermediary, providing a platform for these transactions. As such, we assume no legal responsibility for any loss, damage (whether direct or indirect), or claims arising from your participation in auctions or dealings with sellers through our website.

Definitions

Maynard Auctions: Maynard Auctions LLC, a company registered in Dubai, UAE, license no. 1479089

Personal Data: Refers to information that can directly or indirectly identify a buyer and seller, such as name, nationality, gender, age, occupation, addresses, contact details, financial data, transaction history, and any other non-public information. This data may be collected verbally, on forms, or electronically via the website.

Auction Service: This refers to utilising the electronic platform or website to review items available for auction and to submit bids accordingly.

Auctioned Lot(s): Refers to all lots available for sale via bidding on the Maynard Auctions website and app. Examples include real estate, businesses, jewellery, art, collectable items, antiques,cars, motorcycles, boats, license plates, telecom packages, miscellaneous goods, and more.

Authority: Refers to any governmental, semi-governmental, judicial, regulatory, or administrative body, including but not limited to Dubai Land Department, Trustee Offices, Courts, Developers, Free Zone Authorities, Rental Dispute Center, Road Transport Authority and Federal Tax Authority.

Buyer/Second Party/Customer: Any individual or entity purchasing, seeking to purchase, or becoming contractually committed to purchase a Lot through Maynard Auctions L.L.C., whether by Auction, Buy Now, Make an Offer, Direct Sale, Private Treaty or any other transaction method made available through the Platform.

Bidder: Refers to any individual or entity seeking to purchase lots listed for auction on the Maynard Auctions website or application, whether for their own purpose or as a representative agent of a third party.

Seller/First Party/Supplier: Refers to the Owner, judgment creditor, their representatives, or any government, semi-government, or private entity with items listed on the Maynard Auctions website or app.

Third Party: Refers to Maynard Auctions role as an intermediary in the sales transaction between the seller and buyer, with responsibilities limited to facilitating the transaction. Maynard Auctions does not assume obligations or liabilities toward either party, nor is it involved in any unlawful activities that may be committed by participants in the auction.

Property/Real Estate: includes any real estate both residential & commercial, freehold/ leasehold. Examples may include buildings, plots, offices, warehouses, villas, apartments, shop fronts, Off-Plan under construction and more.

Vehicle: refers to any vehicle, car, motorcycle, boat or aircraft, whether it was designed to operate on water, land, or in the air.

Items/Goods: includes any piece of jewellery, art, diamonds, handbags, watches, antiques and collectable memorabilia but not limited to.

Role of Maynard Auctions - No Escrow / No Fiduciary Relationship

Maynard Auctions LLC acts solely as an intermediary and facilitator of auction transactions. Nothing in these Terms and Conditions shall be construed as creating a fiduciary relationship, trust arrangement, escrow relationship, partnership, or joint venture between Maynard Auctions LLC and any buyer or seller. Any funds collected by Maynard Auctions LLC are held strictly as agent for settlement purposes only and not as trustee or escrow holder, unless expressly required by applicable law.

Registration

1. Registration on the platform is strictly limited to individuals who are 18 years of age or older. Maynard Auctions reserves the right to deactivate or terminate any account found or presumed to be associated with a person under the age of 18, until further notice, subject to any checks being completed. Any outstanding financial obligations will still be settled in accordance with applicable procedures upon account closure.
2. When registering on the site or app, users confirm that all submitted data, including personal details, is accurate and they accept responsibility for its validity, ensuring the information provided is clear and free from errors or ambiguity.
3. bidders must register on our website or app and create a unique username and password to access services. If they forget or wish to change their password, only the account holder can log in to reset it.
4. Members cannot have two active accounts simultaneously irrespective of reasoning. Maynard Auctions may suspend both or close one account after resolving all financial matters.
5. Members are responsible for all activity conducted under their account and must not share their credentials with others. Users or members should promptly inform Maynard Auctions of any unauthorised use of their username or password, or any similar security issues.
6. Maynard Auctions expressly disclaims all liability and will not be held responsible for any direct or indirect losses or damages arising from the disclosure of a user's credentials.
7. Members agree to indemnify Maynard Auctions for any improper, unauthorised, or illegal use of their account, whether by themselves or others using their username and password on the website or app.
8. Users may not register or bid with false identities or on behalf of individuals banned from bidding on auction items.
9. Users agree to regularly update their registration information to keep it accurate and complete.
10. If a member or user provides false, inaccurate, outdated, or incomplete information or if Maynard Auctions suspects intentional, false, and or, misrepresentation, both deliberate or not, the account may be suspended or terminated after all financial obligations are settled.
11. Anyone whose Maynard Auctions membership is terminated cannot use the site.
12. Maynard Auctions LLC reserves the absolute right to refuse registration, suspend accounts, reject bids, or terminate participation where a user, buyer, or seller is identified as a sanctioned individual or entity, a politically exposed person (PEP), or is connected to a high-risk jurisdiction, in accordance with UAE laws, international sanctions regimes, and internal compliance policies.

13. any person or entity wishing to buy, bid, make an offer, use Buy Now, list, consign or sell any Property, Vehicle, Item or other Lot through Maynard Auctions L.L.C. may be required to maintain a verified Maynard Auctions account and complete all applicable identity verification, KYC, AML, sanctions and compliance requirements.

    By creating, verifying or activating an account, the Member expressly acknowledges and agrees that these Terms & Conditions are legally binding upon them in their capacity as a Buyer, Seller, or both, as applicable.

    These Terms & Conditions shall continue to govern the Member's use of the Platform and their relationship with Maynard Auctions L.L.C. throughout any transaction, including in relation to any cancellation, default, complaint, claim or dispute arising out of or connected with the transaction.

    Where a separate Seller Agreement, listing-specific terms, Special Conditions of Sale, MOU, Form F, sale agreement or other transaction-specific document applies, such document shall operate together with these Terms & Conditions. In the event of any inconsistency, mandatory applicable law shall prevail, followed by the transaction-specific document in respect of the matter specifically governed by that document, with these Terms & Conditions continuing to apply in all other respects.

Proof of identity

Bidders not previously known to Maynard Auctions will be required to provide:

• Official proof of identity in the form of Emirates ID, passport or photocard driving licence. No other forms of ID are acceptable.
• Proof of address of main residence. Only official documents showing name and address will be accepted.
• Mobile telephone numbers and landline (if applicable).
• A bank reference for foreign bidders may be requested.
• Corporate clients will have to provide a certificate of incorporation prior to the auction, along with the representative’s ID in accordance with the abovementioned requirements for proof of identity.
• Any bidder that does not match the provided identity for registration may not purchase during the sale.

General Terms and Conditions

1. Any ambiguities or misunderstandings in the regulations shall be resolved without adversely affecting the interests of any party.
2. Users/Members agree to specific terms for each auctioned item, which supplement the general terms and conditions governing their relationship.
3. All bids and sales are final and cannot be revoked unless bidding was proven to be fraudulent. Bidders are advised to inspect auction items thoroughly and verify their condition, specifications, and location before bidding.
4. Maynard Auctions may delay or suspend auction until further notice if a technical issue beyond their control occurs on the website or app, until the problem is fixed.
5. Maynard Auctions is not liable for technical or technological issues that may occur during the bidding process on either the electronic website or the application. Users/Members may not file claims against Maynard Auctions for losses resulting from such technical or technological issues during the bidding process of the bidder.
6. Auction time may be extended if a last-minute bid is placed or during Dubai government established prayer times & iftar. Maynard Auctions reserves the right to extend or postpone the auction as needed.
7. Users must not collude with others to influence auction outcomes. Bidding on your own or affiliated items to manipulate prices (“self-dealing”) is strictly forbidden. Any attempt to create unfair advantages or risks through such actions will result in an AED 5,000 fine per violation, and Maynard Auctions may close your account after settling outstanding balances.
8. The bidder confirms that the auction rules and regulations have been provided by Maynard Auctions and that they understand them. The bidder has reviewed all relevant legal provisions and penalties related to the auction and agrees to comply with any resulting actions, measures, expenses, fees, and commissions. The bidder also agrees not to violate any laws, rights, or agreements associated with any involved parties.
9. These Terms & Conditions govern the relationship between Maynard Auctions and all users of the website and application. These Terms shall be binding upon all parties who accept or use the services, subject to applicable UAE law.

10. Maynard Auctions reserves the right, at its sole discretion, to withdraw, suspend, postpone or cancel the auction of any Lot at any time before a binding sale has been concluded, whether on its own initiative or at the request of the Vendor, and with or without prior notice.

    Where a Lot is withdrawn, suspended, postponed or cancelled, all bids placed on that Lot will be cancelled and no bidder shall acquire any right or entitlement to purchase the Lot solely by reason of having submitted the highest bid or any other bid.

    Maynard Auctions shall not be liable for any loss, expense or claim arising solely from such withdrawal, suspension, postponement or cancellation, except to the extent that such liability cannot lawfully be excluded under applicable UAE law.

11. If for any reason whatsoever, Maynard Auctions finds it necessary, it shall, without prior notice, possess the full right to suspend or terminate any of the services provided by the website or the electronic application. It may also prohibit users/members from accessing the website or the application and/or remove any materials posted therein, and take any actions, whether electronic or legal, it deems suitable to prevent users from accessing the website. Maynard Auctions has the right to remove inactivated or inactive accounts, when that needs to be done.
12. Maynard Auctions may change service fees on the website at any time, with or without notice, for promotions, new services, or other reasons.
13. All auction transactions are in AED (unless specifically agreed/mentioned). Maynard Auctions is not responsible for any losses from currency conversion or exchange rates.
14. According to UAE FTA Law No. 8/2017, a 5% VAT will be added where applicable to the final auction price and any associated fees (including but not limited to administrative, lotting fees late payment, receipt delay, storage, delivery, or export fees). Maynard Auctions is responsible for applying VAT as per FTA regulations.
15. The timeframes provided in these terms are approximate. Maynard Auctions is not responsible for any differences between estimated and actual timeframes.
16. A penalty of AED 1,000 will be imposed for each bounced cheque. Should legal proceedings occur in the UAE courts, the buyer shall be responsible for all fees incurred by Maynard Auctions or the supplier.
17. Maynard Auctions is not liable for system errors, missed bids, or technical issues that may occur when multiple devices are used to participate in the auction. Bidders who use multiple devices accept the risk of possible system inconsistencies or errors related to this method.
18. All bids are recorded solely under the name of the account holder.
19. All auction lots are sold "as is," with no warranties from Maynard Auctions for details, specifications, or seller-provided information (including but not limited to provenance, authenticity, title, inspection reports, status, production year, export eligibility, or undisclosed defects). Bidders are solely responsible for verifying all item details correctly before bidding.
20. In the event of any technical error resulting in a refund or over payment to any party/entity, the party/entity is obligated to return the total amount to Maynard Auctions. Failure to comply will entitle Maynard Auctions to initiate legal proceedings and take any necessary legal actions against the party/entity.
21. All applications and procedures that require court approval are not the responsibility of Maynard Auctions, regardless of the outcome, whether approved or rejected.
22. Bid incrementation is at the auctioneer’s entire discretion
23. All lots can be subject to special conditions of sale.
24. All auction transactions, particularly real estate transactions, are subject to approval, processing, and completion by the relevant authorities. Maynard Auctions LLC shall not be liable for any delay, rejection, modification, suspension, or cancellation of a transaction resulting from decisions, requirements, or procedures imposed by any authority.
25. These Terms and Conditions constitute the entire agreement between Maynard Auctions LLC and users of the platform and supersede all prior discussions, communications, representations, or understandings, whether written or oral. Users acknowledge that they have not relied on any statement, representation, or assurance not expressly set out herein.
26. Any market commentary, pricing guidance, analysis, estimates, reports, social media content, or informational materials published by Maynard Auctions LLC are provided for general informational purposes only and do not constitute financial, investment, legal, or valuation advice. Maynard Auctions LLC makes no representation or warranty as to future performance, pricing outcomes, or market conditions.
27. Where any auction lot is sold pursuant to a court order, enforcement action, or judicial instruction, such court order or instruction shall prevail over these Terms and Conditions in the event of any inconsistency. Maynard Auctions LLC shall not be liable for any amendment to timelines, pricing, procedures, or completion requirements imposed by the court or enforcement authority.
28. If any provision of these Terms and Conditions is held to be invalid, illegal, or unenforceable by a competent court, such provision shall be severed and the remaining provisions shall remain in full force and effect.
29. Maynard Auctions LLC may assign, transfer, or subcontract any of its rights or obligations under these Terms and Conditions to any affiliate, service provider, or third party without prior notice or consent, provided that such assignment does not materially prejudice the user.
30. These Terms and Conditions are drafted in the English language. In the event of any translation into another language, the English version shall prevail.
31. Acceptance of these Terms and Conditions through electronic means, including website registration, account activation, bid submission, or digital confirmation, shall constitute valid and legally binding acceptance. Electronic communications and emails shall constitute written notice for the purposes of these Terms and Conditions.
32. Maynard Auctions LLC shall retain transaction, identity, and compliance records for a minimum period of five (5) years or such longer period as required by applicable law. Such records may be disclosed to regulatory, judicial, or law enforcement authorities upon lawful request.
33. Maynard Auctions LLC reserves the right to publish, disclose, and use auction results, anonymised transaction data, images, videos, and promotional materials related to auctioned lots for marketing, reporting, and analytical purposes, without identifying personal data unless permitted by law.

34. If the Lot is sold, transferred, or otherwise disposed of, whether by auction, private treaty, direct negotiation, or any other method, to any party introduced by Maynard Auctions L.L.C. during the term of this Agreement or within one hundred and eighty (180) days following its expiration, the party liable for the auction fee (whether Seller or Buyer, as applicable) shall remain responsible for payment of the agreed fee to Maynard Auctions L.L.C.

    For the purposes of this clause, a party shall be deemed to have been introduced by Maynard Auctions L.L.C. if such party has, directly or indirectly, registered to bid, attended a viewing, made an enquiry, received marketing materials, added lot their watchlist or otherwise engaged with the marketing of the Lot through Maynard Auctions L.L.C.

    This obligation shall apply equally to any transaction completed by or through affiliates, related parties, nominees, or any party acting on behalf of or in connection with the introduced party, whether directly or indirectly.

Bidding

1. To bid, the bidder must pay 10% Security Deposit of a lot’s starting bid into their Maynard Auctions’ account; if a bidder wishes to bid on multiple lots, they must pay 10% Security Deposit on each lot individually.
2. Once a bid is made it cannot be cancelled.
3. A buyer may bid by proxy given that the agent acting on behalf identifies themselves as a proxy on behalf of the buyer’s name. In this event, proof of identity of both the buyer and the proxy must be communicated to Maynard Auctions prior to the sale.
4. Timed Auction Format
   All auctions conducted by Maynard Auctions are timed online auctions. Each auction listing will clearly display the scheduled closing date and time on the lot's details page. Bidding is open for a defined duration, and participants may place bids at any time during this period. The auction will automatically close at the stated end time unless extended by the 60 second Rule.
5. 60 Second Rule
   In all timed online auctions conducted by Maynard Auctions, the 60 Second Rule shall apply. This rule stipulates that if a bid is placed within the final 60 seconds of the auction’s scheduled closing time, the auction end time will automatically extend by an additional 60 seconds. This extension will continue with each subsequent bid placed within the final 60 seconds, ensuring all interested parties have a fair opportunity to place further bids. The auction will only close once a full 60-second period has passed without any new bids being submitted. This mechanism is designed to replicate the competitive nature of a live auction and to prevent last-second “sniping.”

Real Estate Auctions

This section contains specific conditions for auction lots that are properties/real estate auctioned by Maynard Auctions.

A - Buyers

1. The bidder affirms that all information provided is accurate and correct to the best of their knowledge and submitted at their own risk, without error, ambiguity or self-inflicted bias purposes.
2. The bidder acknowledges that Maynard Auctions has communicated the rules and provisions of the auction, are aware of these terms and understands the relevant legal obligations and penalties associated with participation. The bidder also accepts the actions, procedures, expenses, fees and commissions resulting from their decision to bid.
3. All offers and registration procedures are contingent upon approval from the relevant government departments and the court. Accordingly, Maynard Auctions shall not be held responsible for any changes to announced dates, conditions, procedures, or approvals when such modifications result from government or judicial orders, procedures, or decisions.
4. The law does not affect usufruct contracts on the property. Issues such as rent allowances, rental claims, evictions, or disputes between landlords, tenants, or beneficiaries fall under the Rental Dispute Center (RDC) and relevant authorities. These matters must be addressed with the previous owner, tenants, or beneficiaries, and are not the responsibility of the court, Maynard Auctions, its employees, or owners, who bear no legal liability or obligation in these cases.
5. The bidder confirms that it is their responsibility to have personally inspected and valued the auction properties, relying solely on their own judgment and not on assessments or information from Maynard Auctions, the court, or advertisements.
6. The bidder confirms they are legally permitted to bid and can provide a cheque as payment without restriction.
7. If the bidder's offer is accepted and he is acting as an agent; he must present a notarised power of attorney.
8. The buyer agrees to pay all applicable auction fees and charges for every winning lot, which is 2% + VAT (subject to a minimum of AED 10,000 + VAT) of the hammer price along with AED 995 + VAT administration charges. All auction fees shall be deducted from the buyer’s security deposit. The buyer has 24 hours to pay the remaining balance needed to cover 10% of hammer price and all auction fees applicable to Maynard Auctions account or risk forfeiting their deposit. Please note that Maynard Auctions is not responsible for any Land/property registration fees.
9. Once an agreed hammer price is achieved, the buyer has 48 hours to complete and sign a MOU or risk forfeiting their deposit to Maynard Auctions. If the buyer signs a MOU, but the seller does not honour signing the MOU in the 48 hours period, the buyer shall have their full deposit in credit to use on another lot or have the option to withdraw in full. This may take up to 14 working days.
10. The buyer releases Maynard Auctions from liability if real estate authorities deny or prevent property registration in the buyer’s name.
11. If a buyer breaks auction rules, causing a lost sale or failing to complete the deal, Maynard Auctions will not refund the security deposit. The court may also require the buyer to pay any price difference as provided by law.

12. The buyer acknowledges and agrees that the Rental Dispute Center is the sole competent authority for handling all matters related to rent recovery and property eviction. Maynard Auctions and the Dubai Courts bear no responsibility in such matters. In the event of any claims concerning rental payments or eviction proceedings, the awarded buyer must address them exclusively through the Rental Dispute Center.

    Furthermore, the successful bidder is required to formally notify all existing tenants of the change in ownership by issuing a notice attested by a notary public, confirming their status as the new legal owner of the property. The bidder further acknowledges and agrees that no claims or disputes related to tenant notification, rent, or eviction may be directed against Maynard Auctions or the Dubai Courts, as these matters fall solely under the jurisdiction of the appropriate legal authorities.

13. The new buyer shall be responsible for all real estate developer service fees effective from the date the property ownership is officially registered in their name.

14. Maynard Auctions is not responsible for the physical handover or delivery of properties that are undivided, held in common, or consist of unsorted shares. It is the sole responsibility of the buyer to undertake and complete all necessary legal procedures related to such ownership structures.

    In cases where the property is jointly owned and the auction pertains only to the share of one co-owner, the buyer acknowledges that a joint ownership title will be issued, reflecting their share alongside the remaining co-owners.

15. Maynard Auctions cannot guarantee that keys will be available on completion in respect of certain properties notably including garages and tenanted properties. If viewings are not made available on a particular lot prior to the auction date, it is unlikely we will be able to guarantee keys will be available to the purchaser on completion. Buyers shall raise no objection or recourse to Maynard Auctions if keys are made unavailable to purchasers on completion if we were unable to gain access prior to the auction date. If you intend to bid on these lots without viewings, kindly check with us as to the key situation prior to bidding.
16. Please be advised that real estate properties auctioned at the request of the courts are sold strictly “as is”, in their current condition. The sale does not include any movable items within the property, nor does it cover any associated trade names or commercial licenses.
17. Maynard Auctions reserves the right to extend the duration of an auction property lot under specific circumstances, including but not limited to low bidding activity, technical disruptions, or directives issued by the court. Such extensions are intended to promote fair competition and ensure that all interested bidders are given a reasonable opportunity to participate.
18. It is strictly prohibited for the following individuals to participate in the bidding process, whether directly or indirectly through intermediaries: the debtor, their relatives up to the second degree, judges, members of the Public Prosecution, enforcement officers, court secretaries, and legal representatives acting on behalf of the debtor. Any violation of this provision shall render the sale null and void.
19. It is the buyer’s responsibility to ensure that they are eligible for mortgage. In the event that a reserve price is hit by a finance buyer and they are unable to proceed with the deal for whatever reason, they will forfeit their deposit to Maynard Auctions.

B - Sellers

20. All sellers are to sign a 21 day Exclusive Contract on each property lot that they wish to put up for auction, with a 3% security deposit cheque of the agreed reserve price in the name of Maynard Auctions LLC. This cheque will be held by Maynard Auctions until contract reserve price is achieved, or contract ends.
21. The seller has the right to cancel this agreement at any time; however, they must do so with written notice. Please note that approval may take up to 21 Working Days and should the reserve price be achieved during the approval process timings; the seller must honour the deal or forfeit their 3% security deposit.
22. Only in rare and exceptional circumstances, a seller may request early termination of this agreement. Such requests must be submitted in writing and will only be considered upon review and written approval by the Maynard Auctions Board of Directors. Approval is granted at the Board’s sole discretion and is final.
23. The seller has 24 hours from the moment the winning hammer price is achieved to pay Maynard Auctions all auction fees applicable per winning lot; failure to do so shall result in Maynard Auctions banking the 3% security deposit cheque mentioned in clause 5.26. Maynard Auctions is not liable for any disputes that may arise between both parties after a MOU is signed.
24. Should the reserve price be achieved, the seller has 48 hours to sign a MOU, failure to do so will result in Maynard Auctions banking the 3% security deposit cheque of the agreed reserve price. If the property is still being sold through Maynard auctions platform, the contract will have to be extended accordingly.
25. For real estate lots, the seller undertakes to pay 1% + VAT (subject to a minimum of AED 10,000) of the final hammer price. In addition to a lotting fee of AED 150 + VAT per real estate lot payable upfront to register their property lot on the Maynard Auctions platform. Please note that Maynard Auctions is not responsible for any Land/property registration fees.
26. If your lot does not reach the reserve price, you can accept the highest bid. If you do not wish to accept the highest bid, you can keep your property exclusively listed with us and we will enter it into the next auction at no extra costs.
27. The seller bears all responsibility to reasonably ensure Maynard Auctions can conduct viewings of their properties at allocated times prior to the auction and not cause any disruption to this process in terms of access or any other reason. This includes ensuring occupants/tenants do not disrupt this process. Failure to comply shall result in an AED 3,000 + VAT penalty.
28. Once the reserve price is achieved, it is the seller’s responsibility to ensure any arrears such as service charge fees and any outstanding charges are paid to date. This includes clearing any statement of accounts balance on an off-plan property, with any late payment fees attached to it to ensure the NOC for sale is released but not limited to.

Items/Goods Auctions

This section contains specific conditions for auction lots that are items such but not limited to jewellery, watches, handbags, art, antiques etc auctioned by Maynard Auctions.

A - Buyers

1. As a buyer, you may inspect the auction lot on our site or in person before the auctions start by appointment only.
2. All bids are made at your own risk.
3. A 10% security deposit value of the starting bid amount is payable before the auction. If you win the lot, this deposit is non-refundable and the remaining 90% must be paid to claim your item. If you did not win the item, upon request this can be returned after 14 days or put towards bidding in a future auction.
4. A 15% + VAT buyers fee will be applicable to each lot.
5. Buyer shall pay shipping, delivery, collection, taxes and customs fees associated with the purchase of an auction lot.
6. A buyer may appoint another person to collect an item on their behalf, only if photo ID details are provided to us through the buyers verified email or verified phone number.
7. As a buyer, you agree on each bid submitted for an auction lot: Your bid is legally binding obligation on you, that can cause you to win a lot and therefore agree to purchase it. You are making an irrevocable offer to purchase that auction lot and you must pay the hammer price if you win the lot. You cannot withdraw a bid.
8. As a buyer, if you fail to complete the purchase of the auction lot, Maynard Auctions shall not refund your security deposit.
9. As a buyer of any item(s), you are to make payment to Maynard Auctions LLC and complete your purchase within 3 working days. If you do not collect your item(s) within 3 working days and pay us the amounts due by the time stated, Maynard Auctions will charge you a fee of AED 150 + VAT for each day or part day of non-payment, per lot up to a maximum of 10 working days. If such period elapses and the amounts owing to us have not been paid by you, you will lose the right to purchase the auction lot, and your security deposit will not be refunded. We further reserve the right to suspend or cancel your access to the site and further auctions.
10. In the case of items sold without accompanying paperwork, the age of items listed in auction is an estimate only. With the estimate made in good faith, no representation or warranty, express or implied, is made by us in relation to the accuracy of this information. Please note that in the case of watches sold with paperwork, the age of the watches is the date of the official stamp by the retailer on the warranty. This is not the manufacturing date which may be earlier.
11. Maynard Auctions holds the right to withdraw any auction lot without reason for exercising the right of withdrawal.

B - Sellers

12. Lotting fee: This is a seller's fee for including a lot in our auctions of AED 150 + VAT. For each additional lot(s) you enter into the same auction, there will be further lotting fees of AED 75 + VAT per lot. Lotting fees are non-refundable. If a lot goes unsold, or for any reason is re-entered into one of our following auctions, the lotting fee does not have to be paid again for that specific lot.
13. A 15% + VAT sellers fee will be applicable to each lot.
14. Items for sale must be consigned to us by any stated deadline and at your expense. We may be able to assist you with this process, but any liability incurred to a carrier for haulage charges is solely your responsibility.
15. Maynard Auctions is not authorised to provide insurance to its clients and does not do so. Maynard Auctions, for its own protection, assumes liability for items consigned to it at the lower pre-sale estimate until title passes to the buyer. The liability assumed by Maynard Auctions shall be limited to the lower pre-sale estimate or to the reserve if the lot was unsold. Settlement in any claim arising shall be subject to commission as if the lot had sold in the normal manner. Maynard Auctions will not be liable for the loss or damage to frames or glass covering prints, paintings or other works. Old frames are often fragile or subject to deterioration and whilst Maynard Auctions will do their upmost to ensure the safety and care of frames and glass we will not compensate for loss or damage to property caused by changes in humidity or temperature, normal wear and tear, gradual deterioration, inherent defect or errors in processing.
16. All lots are subject to detailed statutory safety controls. Where such items are accepted for sale, you accept responsibility for the cost of testing by external contractors. Goods not certified as safe by an electrician (unless antiques) will not be accepted for sale. They must be removed at your expense. We reserve the right to dispose of unsafe goods as refuse, at your expense. The sale of all lots is strictly regulated by statute law in the interests of fire safety. Goods found to infringe safety regulations will not be offered and must be removed at your expense.
17. Please assist us with accurate information as to the provenance etc. of goods where this is relevant. There is strict liability for the accuracy of descriptions under consumer legislation and in some circumstances, responsibility lies with sellers if inaccuracies occur. We will assume that you have approved the catalogue description of your lots unless informed to the contrary.
18. Unsold lots will be automatically re-offered into the next appropriate auction and if the estimate is AED 2000 or less, it will be offered without reserve. Where in our opinion an item is unsaleable, we will contact you to collect such items. If you do not wish to re-enter the lots, please notify Maynard Auctions LLC in writing with collection instructions. Storage fees: please note we reserve the right to charge for storage if lots are not collected within 3 working days, charges will be applied of AED 150 + VAT per lot, per day. If a lot remains uncollected for a further 10 working days after the 3 working days collection period, Maynard Auctions LLC shall have the right to sell the lot at auction without reserve and to deduct from the sale price any sum owing to Maynard Auctions LLC, as well as expenses arising from all auctions in which the lot has been included, plus storage and loss and damage warranty charges.
19. You can by written notice to us at any time, up to 48 hours before an auction end date, revoke your instructions to sell a lot by giving us a withdrawal notice. Lots cannot be withdrawn within 48 hours of auction end date and any withdrawal notice given within this period will not be accepted. Maynard Auctions LLC will store the withdrawn item for a period of 3 working days with no charge, after this a storage charge will be applicable at a daily rate of AED 150 + VAT per item, per day. If a lot remains uncollected for a further 10 working days after the 3 working days collection period, Maynard Auctions LLC shall have the right to sell the lot at auction without reserve and to deduct from the sale price any sum owing to Maynard Auctions LLC, as well as expenses arising from all auctions in which the lot has been included, plus storage and loss and damage warranty charges.
20. Settlement of the net sum due to you normally takes place within 21 working days after the sale and payment is made as per your request, unless the buyer has not paid for the goods. In such circumstance of the buyer not paying for the goods, your lot will be re-offered into the next appropriate auction or by written notice to us, revoke your instructions to sell a lot by giving us a withdrawal notice.
21. Maynard Auctions shall regulate the bidding at its entire discretion. Neither the seller nor anyone on behalf of the seller shall be permitted to bid for their own lots. Where lots are entered with a reserve, Maynard Auctions LLC alone shall have the right to bid on behalf of the seller and up to the set reserve price only. Bidding thereafter shall be incremented at the auctioneer’s discretion in response to interested third parties.

Vehicle Auctions

This section contains specific conditions for auction lots that are vehicles auctioned by Maynard Auctions.

A - Vehicle Buyer Terms

1. All buyers must be over 18 years of age and legally capable of entering into binding contracts. Maynard Auctions reserves the right to verify identity and financial capacity prior to bidding.
2. A 10% security deposit value of the starting bid amount is payable before the auction. If you win the lot, this deposit is non-refundable and the remaining 90% must be paid to claim your vehicle. If you did not win the vehicle, upon request this can be returned after 14 days or put towards bidding in another auction.
3. A buyer’s fee of 5% + VAT will be applied to the final hammer price. This fee will be clearly stated on the listing and must be paid in full alongside the purchase price.
4. Full payment must be made within 48 Hours of auction close via bank transfer or cash. Failure to complete payment shall result in deposit forfeiture and may incur additional penalties along with account cancellation and legal action.
5. Buyers are encouraged to inspect vehicles prior to bidding. Maynard Auctions facilitates communication between buyers and sellers for viewings but does not guarantee vehicle condition.
6. Ownership will be transferred upon full payment and completion of necessary documentation. Maynard Auctions is not responsible for registration or licensing post-sale.
7. Buyers are responsible for arranging vehicle collection or delivery unless otherwise agreed. Maynard Auctions may assist with logistics through approved partners, but this is not guaranteed.
8. All sales are final. There is no cooling-off period or right to cancel once the auction has ended and the buyer has won the bid.
9. Any disputes will be handled in accordance with UAE commercial law. Maynard Auctions may act as a neutral facilitator but is not liable for disagreements between buyer and seller.

B - Vehicle Seller Terms

10. The seller must be the legal owner of the vehicle or have full authority to sell it. Proof of ownership and identity must be submitted prior to listing.
11. The seller agrees to provide accurate and complete information regarding the vehicle’s condition, history, and any known defects. Misrepresentation may result in listing cancellation and legal recourse.
12. A reserve price may be set in consultation with Maynard Auctions. If the reserve is not met, the vehicle will not be sold unless otherwise agreed in writing.
13. All vehicles must be professionally photographed to meet Maynard Auctions’ standards. Sellers may use our in-house photography service or submit approved images.
14. Vehicles will be listed for a standard auction period of 10 days unless otherwise agreed. Maynard Auctions reserves the right to adjust the duration based on market conditions.

15. A non-refundable lotting fee of AED 150 + VAT applies to each vehicle entered into Maynard Auctions. For any additional vehicles submitted into the same auction, a reduced fee of AED 75 + VAT per lot will be charged.

    If a vehicle remains unsold or is re-entered into a future auction, the original lotting fee will carry forward and no additional fee will be required for that specific lot.

16. A fee of AED 100 + VAT shall apply per vehicle for the photography and video content required to prepare and market the vehicle for its standard auction listing.

17. Sellers may elect to purchase an enhanced social media marketing package at a fee of AED 250 + VAT per vehicle.

    The package includes professional photography and/or video content and additional promotion of the vehicle through Maynard Auctions' social media channels, which may include Instagram, YouTube and other platforms operated by Maynard Auctions.

    The purchase of an enhanced marketing package does not guarantee any minimum number of views, enquiries, registrations, bids, bidders, or a successful sale.

18. Unless otherwise agreed in writing in the applicable Vehicle Auction Agreement, Maynard Auctions does not charge the seller a percentage commission or seller's premium on the final hammer price of a vehicle.

    The seller shall therefore be entitled to the full final hammer price, subject to any applicable lotting fees, marketing fees, charges, liabilities or other amounts separately agreed between Maynard Auctions and the seller.

19. Upon successful sale, the seller must coordinate with the buyer to complete the transaction within 48 Hours.
20. If a vehicle does not sell, the seller may choose to re-list, withdraw, or move the vehicle to a private treaty or “Buy Now” section. No fees apply for unsold listings.
21. Once listed, a vehicle may be withdrawn with written consent to Maynard Auctions.
22. Any disputes arising from the sale will be handled in accordance with UAE commercial law. Maynard Auctions will act as a neutral facilitator where appropriate.

Security Deposit

A - Real Estate

1. The security deposit for the real estate auction can be paid by cash, cryptocurrencies, bank transfer/deposit or by bank cheque (manager's cheque).
2. The security deposit by bank deposit/transfer or bank cheque (manager's cheque) must be 10% of the starting bid, (for example) if the starting bid price is AED 1,000,000, the bank transfer/deposit amount or bank cheque amount (manager's cheque) is AED 100,000.

B - Items / Goods

3. The security deposit for the real estate auction can be paid by cash, bank transfer/deposit or by manager’s cheque.
4. If deposit is to be provided by a bank cheque, then it should be provided no later than 5 working days from the auction end date and should be immediately cashable and not postdated.
5. The Security deposit by any means accepted must be 10% of the total starting bid on the item you wish to bid on it, (for example) If you want to get a maximum bid of AED 100,000, the required security deposit is AED 10,000.
6. Once the security deposit is received by Maynard Auctions, the bidders account will be activated within 48 hours. Maynard Auctions is not liable if a bidder intends to partake in an auction lot that ends in less than 48 hours.

Buy Now & Make Offer

Application

1. These provisions apply to any asset, item, vehicle, property or other lot displayed on the Maynard Auctions Platform with a Buy Now or Make an Offer facility.
2. The specific payment, deposit, security and completion requirements applicable to a transaction may vary depending upon the category, value and nature of the asset and will be displayed on the relevant listing or before the Member confirms the transaction.
3. Where an asset is expressly offered by auction, the applicable auction provisions of these Terms will continue to apply.
4. Buy Now and Make an Offer are separate transaction methods from an Auction unless the relevant listing expressly states otherwise.

Buy Now

5. Where a Buy Now Price is displayed, an eligible registered Member may elect to purchase the relevant asset at the stated Buy Now Price.
6. Before completing a Buy Now transaction, the Member will be required to have sufficient cleared funds, sufficient available account funds or satisfy any other payment, deposit or security requirement displayed on the relevant listing.
7. By selecting Buy Now and confirming the transaction, the Member confirms a genuine intention to purchase the relevant asset at the displayed Buy Now Price.
8. Once a Buy Now transaction has been accepted and confirmed, the Member will be required to proceed with settlement and completion in accordance with these Terms and any transaction-specific terms applicable to the asset.

Make an Offer

9. Where the Make an Offer facility is available, an eligible registered Member may submit a proposed purchase price for consideration.
10. Each Offer constitutes a genuine proposal and intention by the Member to purchase the relevant asset at the amount submitted.
11. An Offer may be accepted, declined, countered or allowed to expire in accordance with these Terms.
12. Submission of an Offer does not itself guarantee acceptance or completion of a transaction.

Funds Required Before Making an Offer

13. Maynard Auctions may require a Member to secure all or part of the proposed Offer amount before an Offer can be submitted.
14. Depending upon the relevant asset, Maynard Auctions may require the full Offer amount, a percentage of the Offer amount, a fixed security amount, sufficient available funds within the Member's account, or another payment or security amount displayed on the relevant listing.
15. The applicable financial requirement will be disclosed to the Member before the Offer is submitted.

Member Funds, Account Balance and Stored Value

16. Maynard Auctions may permit Members to deposit, hold or maintain funds or value within or in connection with their Member account for use towards purchases, Offers, Auctions, deposits, fees or other transactions conducted through the Platform, to the extent permitted by applicable law and regulation.
17. Such funds or stored value may be maintained, processed, safeguarded or administered by Maynard Auctions and/or an appropriately licensed bank, payment service provider, stored-value facility provider or other authorised third party, as applicable.
18. A Member may use cleared available funds shown within their Member account towards eligible transactions on the Platform, subject to applicable limits, verification requirements, restrictions and transaction-specific conditions.
19. Maynard Auctions may reserve, block, authorise or allocate all or part of a Member's available funds when the Member submits an Offer, places a Bid, selects Buy Now or otherwise commits funds to a transaction.
20. Funds reserved or allocated to a pending transaction will not be available for use in another transaction until the relevant reservation is released, the transaction is completed or the funds are otherwise dealt with in accordance with these Terms.
21. Where an Offer is declined, expires or is validly withdrawn before acceptance, the corresponding reserved funds will be released back to the Member's available balance or refunded through the applicable payment method, subject to applicable payment-provider and compliance requirements.
22. Where an Offer, Bid or Buy Now transaction is accepted or otherwise becomes binding, the relevant reserved funds will be applied towards the purchase price, deposit, fees or other amounts payable in connection with that transaction.
23. The availability of account funds, wallet or stored-value functionality will remain subject at all times to applicable banking, payment-services, stored-value, AML, sanctions and other regulatory requirements.
24. Maynard Auctions reserves the right to suspend, restrict, modify or discontinue account-fund, wallet or stored-value functionality where required by law, regulation, a competent authority, banking partner or applicable payment-service provider.

Accepted Offers

25. Where an Offer is accepted, the Member will be notified through the Platform, email or another approved written or electronic method.
26. Upon acceptance, funds or security associated with the Offer will be allocated or applied towards the relevant transaction in accordance with these Terms and any transaction-specific documentation.
27. Once an Offer has been validly accepted, the Member will be required to honour the transaction and proceed with settlement and completion unless the Member has an express contractual or lawful right not to proceed.
28. A Member who fails to honour an accepted Offer without a contractual or lawful right to withdraw will be treated as a defaulting buyer and the applicable default provisions of these Terms will apply.

Declined Offers

29. Where an Offer is declined, the Member will be notified accordingly.
30. Funds reserved specifically against a declined Offer will be released back to the Member's available account funds or refunded in accordance with the applicable payment terms.
31. The Member may submit another Offer where permitted and provided that the applicable maximum number of Offers has not been reached.

Counteroffers

32. Maynard Auctions or the Seller may issue a Counteroffer to the Member.
33. A Counteroffer may specify an expiry date and time.
34. Before expiry, the Member may accept the Counteroffer, decline the Counteroffer or submit a revised Offer where permitted.
35. Where the Member accepts a Counteroffer, that acceptance will constitute a genuine commitment to proceed at the accepted price and on the applicable terms.
36. If the Member fails to respond within the specified timeframe, the Counteroffer will expire automatically.

Maximum Number of Offers

37. Maynard Auctions may limit the number of Offers that a Member may submit in relation to a particular asset.
38. Unless otherwise stated on the relevant listing, a Member may submit a maximum of five Offers in relation to the same listing.
39. Revised Offers submitted following a rejection or Counteroffer may count towards the maximum number of permitted Offers.
40. Maynard Auctions reserves the right to vary the maximum number of Offers applicable to a particular listing or transaction.

Withdrawal of an Offer

41. Unless otherwise stated on the relevant listing, a Member may withdraw an outstanding Offer where more than 12 hours remain before the stated expiry of the listing.
42. A Member may also withdraw an outstanding Offer where less than one hour has elapsed since the Member's most recent Offer was submitted.
43. The withdrawal rights under Clauses 9.41 and 9.42 apply only while the Offer remains outstanding and unaccepted.
44. An Offer cannot be withdrawn after it has been validly accepted.
45. Where a Member attempts to withdraw or fails to proceed after valid acceptance without a contractual or lawful right to do so, the Member will be treated as being in default.
46. Maynard Auctions' electronic records will determine the relevant submission, acceptance, withdrawal and expiry times.

No Guarantee of Acceptance

47. Submission of an Offer does not guarantee that it will be accepted.
48. Unless expressly stated otherwise, a Seller is under no obligation to accept the highest Offer received.
49. The Seller may accept, decline or counter an Offer in accordance with the applicable transaction method and any authority granted to Maynard Auctions.

Electronic Records

50. Maynard Auctions' Platform and electronic records may be relied upon as evidence of Offers submitted, Buy Now requests, Counteroffers, acceptance or rejection, withdrawals, payments, deposits, funds reserved or allocated, account balances, relevant dates and timestamps and electronic communications relating to the transaction.

Applicable Terms

51. By using Buy Now or Make an Offer, the Member confirms that the transaction remains subject to the Maynard Auctions Terms & Conditions accepted when the Member created or activated their account.
52. The Member will also be bound by any transaction-specific conditions displayed before payment, Offer submission, Buy Now confirmation or completion.

Real Estate Transactions

Application to Real Estate

53. Where Buy Now or Make an Offer is used in relation to real estate, the property-specific provisions below will apply in addition to the general provisions of this Section.
54. Where there is any inconsistency between the general Buy Now or Make an Offer provisions and the property-specific provisions below, the property-specific provisions will prevail in relation to that Property transaction.

Nature of Property Sale

55. Properties expressly offered through Buy Now, Make an Offer, Direct Sale or another non-auction sale method are offered for sale by direct agreement with the Seller and are not offered through a public or electronic auction.
56. The submission of an Offer in relation to such a Property does not constitute an auction Bid.
57. No highest-bidder award, bidding increment or auction-closing mechanism applies to a Property offered pursuant to these provisions.
58. The Seller is not required to accept the highest Offer received.
59. Expiry of a Property listing will not automatically result in the Property being sold to the Buyer who submitted the highest Offer.

Purchase Security Deposit

60. Before a Buyer may submit a Buy Now Purchase Request or Make an Offer in relation to a Property, the Buyer will be required to provide a Purchase Security Deposit of AED 47,500, unless a different amount is expressly stated on the relevant Property listing.
61. The Purchase Security Deposit must be received, secured or confirmed as available before the Buyer will be permitted to submit a Buy Now Purchase Request or Offer.
62. Maynard Auctions may permit the Purchase Security Deposit to be satisfied using cleared available funds held or shown within the Member's account, subject to applicable payment and regulatory requirements.
63. By providing the Purchase Security Deposit, the Buyer confirms that they understand that the Deposit is being provided as security for their genuine intention and commitment to proceed should their Buy Now Purchase Request or Offer be accepted.

Purpose and Status of Purchase Security Deposit

64. The Purchase Security Deposit is intended to demonstrate the Buyer's genuine intention, commitment and financial ability to proceed with the Property transaction following acceptance.
65. Payment, reservation or allocation of the Purchase Security Deposit does not itself constitute acceptance of an Offer or transfer any legal or beneficial interest in the Property.
66. Until a Buy Now Purchase Request or Offer has been accepted, the Purchase Security Deposit will remain subject to the refund and release provisions contained in these Terms.
67. Following valid acceptance, the full Purchase Security Deposit of AED 47,500 will become committed to the Property transaction and will be dealt with in accordance with the accepted transaction and these Terms.

Property Buy Now

68. Where a Buy Now Price is displayed, a verified Buyer who has satisfied the Purchase Security Deposit requirement may submit a request to purchase the Property at the displayed Buy Now Price.
69. By submitting a Buy Now Purchase Request, the Buyer confirms their genuine and unconditional intention to purchase the Property at the displayed Buy Now Price, subject only to any conditions expressly identified in the applicable transaction documentation.
70. Where the Seller has authorised Maynard Auctions to accept the displayed Buy Now Price, the Purchase Request will be capable of acceptance in accordance with that authority.
71. Once acceptance of the Buy Now Purchase Request has been confirmed to the Buyer, the Buyer will be required to honour and proceed with the Property transaction.

Property Make an Offer

72. Where Make an Offer is available, a verified Buyer who has satisfied the Purchase Security Deposit requirement may submit a proposed purchase price.
73. Each Offer will represent a genuine proposal by the Buyer to purchase the Property at the amount submitted.
74. The Offer may be accepted, declined or countered.

Seller Authority

75. The Seller may authorise Maynard Auctions to receive and communicate Offers on the Seller's behalf.
76. The Seller may authorise Maynard Auctions to reject Offers, issue Counteroffers and negotiate within instructions provided by the Seller.
77. Maynard Auctions may accept an Offer where it has received valid prior authority from the Seller to do so.

Confidential Pre-Authorised Acceptance Instructions

78. The Seller may provide Maynard Auctions with confidential instructions specifying a price or other criteria upon which Maynard Auctions is authorised to accept an Offer without further reference to the Seller.
79. Those acceptance criteria will be confidential between Maynard Auctions and the Seller and are not required to be disclosed to prospective Buyers.
80. Before submitting an Offer, the Buyer acknowledges that the Seller may have provided such pre-authorised acceptance instructions.
81. Where an Offer satisfies the Seller's pre-authorised acceptance instructions, Maynard Auctions may confirm acceptance on behalf of the Seller without seeking additional Seller approval.

Acceptance of a Property Offer

82. An Offer will be treated as accepted when acceptance is confirmed to the Buyer through the Platform, email or another approved written or electronic method.
83. Once acceptance has been communicated, the Offer will become binding upon the Buyer subject to the applicable Property transaction documentation and applicable law.
84. Once accepted, the Buyer will be required to proceed with the transaction and complete all required payment, documentation, compliance and transfer obligations.
85. Following acceptance, the Property may be marked Under Offer, Sale Agreed, Reserved, Sold Subject to Completion or otherwise made unavailable to other prospective Buyers.

Treatment of Purchase Security Deposit Following Acceptance

86. Once a Buy Now Purchase Request or Offer has been accepted, the full AED 47,500 Purchase Security Deposit will be allocated to the relevant Property transaction.
87. Where the Buyer completes the transaction in accordance with their obligations, the AED 47,500 Purchase Security Deposit will be credited or applied towards the Buyer's contractual payment obligations as specified in the applicable transaction documentation.
88. The Purchase Security Deposit will remain committed to the transaction from the time of acceptance until completion, release or forfeiture in accordance with these Terms.

Buyer Default

89. Following valid acceptance, the Buyer will be treated as being in default where, without an express contractual or lawful justification, the Buyer:
    • refuses or fails to execute required sale or transaction documentation;
    • refuses or fails to provide required KYC, AML or compliance documentation;
    • fails to provide the purchase funds or other amounts required to complete the transaction;
    • fails to make a payment by an agreed contractual deadline;
    • fails to attend, cooperate with or complete the applicable transfer process;
    • withdraws or purports to withdraw from the accepted transaction without a contractual or lawful right to do so;
    • fails to comply with a material obligation necessary to complete the transaction; or
    • otherwise fails or refuses to honour the accepted purchase.
90. Where any Buyer Default described in Clause 9.89 occurs, the Buyer will lose the right to recover the Purchase Security Deposit, subject to applicable law.

Full Deposit Forfeiture on Buyer Default

91. Where the Buyer defaults following valid acceptance in accordance with Clause 9.89, the entire Purchase Security Deposit of AED 47,500 will be forfeited.
92. The forfeiture will apply to the full AED 47,500 Purchase Security Deposit and not merely a proportion of it, unless applicable law requires otherwise.
93. The Buyer expressly acknowledges and agrees before submitting a Buy Now Purchase Request or Offer that the full AED 47,500 Purchase Security Deposit will be at risk following acceptance.
94. Where the Buyer subsequently fails or refuses to honour an accepted Property transaction without an express contractual or lawful right to withdraw, the full AED 47,500 Purchase Security Deposit will be forfeited in accordance with these Terms.
95. Forfeiture of the Purchase Security Deposit will not prevent Maynard Auctions or the Seller from exercising any additional contractual or legal rights or remedies that may be available arising from the Buyer's default, to the extent permitted by applicable law.

No Forfeiture Before Acceptance

96. A Buyer will not forfeit the Purchase Security Deposit solely because an Offer is declined by the Seller.
97. A Buyer will not forfeit the Purchase Security Deposit where an Offer expires without having been accepted.
98. A Buyer will not forfeit the Purchase Security Deposit where the Offer is validly withdrawn in accordance with Clauses 9.41 to 9.46 before acceptance.

Unsuccessful Offers and Refunds

99. Where an Offer is declined, expires without acceptance or is validly withdrawn before acceptance, the Purchase Security Deposit will be released or refunded in accordance with the applicable payment terms.
100. Where the Purchase Security Deposit was satisfied using funds available within the Member's account, Maynard Auctions may release the AED 47,500 back into the Member's available funds rather than processing an external refund.
101. Where an external refund is required, Maynard Auctions will process the refund in accordance with the applicable payment-provider, banking and compliance requirements.

Seller Default

102. Where the Seller fails or refuses to proceed following valid acceptance through no default of the Buyer, the Buyer will not be treated as being in default.
103. Where the transaction cannot proceed because of Seller Default and the Buyer has complied with their obligations, the Buyer's full AED 47,500 Purchase Security Deposit will be released or refunded.
104. The Buyer will not forfeit any part of the Purchase Security Deposit where failure to complete results solely from the Seller's default.

Regulatory or Legal Inability to Complete

105. Maynard Auctions may suspend or cancel a transaction where completion would breach applicable law, regulation, sanctions requirements, AML requirements, Dubai Land Department requirements, RERA requirements or an instruction or decision of a competent authority.
106. Where a transaction cannot lawfully proceed through no default of the Buyer, the Buyer will not be treated as being in default and the Purchase Security Deposit will be released or refunded in accordance with the applicable transaction documentation.

Property Listing Expiry

107. Expiry of a Property listing does not automatically constitute acceptance of any outstanding Offer.
108. The Property will not automatically be sold to the person who submitted the highest Offer before expiry.
109. Unless accepted before expiry or otherwise expressly extended by the Seller, an outstanding Offer will expire when the relevant Property listing expires.

Property Documentation and Transfer

110. Acceptance of a Buy Now Purchase Request or Offer does not itself transfer legal ownership of the Property.
111. The Buyer and Seller will remain responsible for completing all required agreements, forms, approvals, NOCs, payments and Dubai Land Department or other competent authority requirements.
112. Legal ownership of the Property will transfer only upon completion of the applicable registration and transfer procedures.
113. Maynard Auctions will coordinate and facilitate the transaction within the scope of its applicable licence, Seller authority and regulatory permissions.

Buyer Due Diligence

114. The Buyer is responsible for reviewing all available Property information and conducting any legal, technical, financial, physical or other due diligence considered necessary before submitting a Buy Now Purchase Request or Offer.
115. Buyers should independently verify all matters material to their decision to purchase, including title, area, condition, occupancy, service charges, restrictions, finance, payment obligations and transfer requirements.
116. Maynard Auctions will use reasonable efforts to provide information supplied by Sellers and other relevant sources but does not warrant that third-party information is complete or free from error, except to the extent such liability cannot lawfully be excluded.

Mortgage and Finance

117. Where a Buyer intends to finance a Property purchase through a mortgage or another financing arrangement, the Buyer remains responsible for obtaining the required finance within the transaction timeframe.
118. An accepted Offer will not automatically become conditional upon mortgage approval unless such a condition has been expressly agreed in writing before acceptance.
119. Maynard Auctions does not guarantee that a Buyer will obtain mortgage or other financing approval.
120. Failure to obtain finance will not automatically release a Buyer from an accepted transaction where the purchase was not expressly agreed to be conditional upon finance.
121. Where failure to obtain finance results in the Buyer failing to honour an unconditional accepted transaction, the Buyer will be treated as being in default and the full AED 47,500 Purchase Security Deposit will be forfeited in accordance with Clauses 9.89 to 9.95.

Fees, Taxes and Charges

122. The Buyer and Seller will remain responsible for all commissions, registration fees, trustee fees, NOC fees, mortgage fees, valuation fees, VAT, government charges and other transaction costs applicable to them.
123. Unless expressly stated otherwise, the displayed Buy Now Price or accepted Offer Price does not include such additional fees, taxes and charges.

Maynard Auctions' Role

124. Maynard Auctions acts as an intermediary and facilitator in relation to Property transactions conducted pursuant to this Section.
125. Unless expressly stated otherwise, Maynard Auctions is not the owner, buyer or seller of the Property.
126. Maynard Auctions may receive and communicate Offers, communicate Counteroffers, issue acceptance notifications where authorised, coordinate documentation and assist with completion in accordance with its authority and applicable regulatory permissions.
127. Maynard Auctions does not guarantee completion where a Buyer, Seller, competent authority, financial institution or other relevant party fails to perform an obligation required for the transaction to complete.

Relationship With Real Estate Auction Terms

128. The Real Estate Auction provisions contained elsewhere in these Terms will remain in force.
129. Those Real Estate Auction provisions will apply where a Property is expressly offered by Maynard Auctions through an authorised auction process.
130. Where a Property is expressly offered through Buy Now, Make an Offer, Direct Sale, Private Treaty or another non-auction transaction method, the provisions of this Section will apply instead.
131. In the event of a conflict between this Section and provisions dealing specifically with auction bidding, reserve prices, hammer prices, highest bidders, bidding increments or auction closing procedures, this Section will prevail in relation to the relevant non-auction Property transaction.
132. Use of the Maynard Auctions name, brand, website or Platform does not by itself mean that an asset or Property is being offered by auction.
133. The transaction method expressly identified on the relevant listing will determine the applicable transaction provisions under these Terms.

Security Deposit Refund

1. If you wish to request a refund of the security deposit, the refund process shall be initiated by the account holder by sending an email from their account registered with Maynard Auctions to the email address ([email protected]). The email should include a request for the refund of the security deposit, specifying the username and the phone number registered with Maynard Auctions.
2. In case the security deposit is deposited by bank transfer, the amount will be refunded to the bank account from which the security deposit was deposited from, but in the case of depositing the security deposit amount by credit card, the amount will be refunded to the same card from which the amount was deposited. This can take up to 14 working days.

Payment

1. The payment process can be completed by deposit/bank transfer or by depositing a bank cheque.
2. The security deposit can be used to settle financial claims if the deposit is paid by bank deposit or bank transfer.
3. All amounts due to sellers of Maynard Auctions shall be paid by means of bank transfer, unless agreed otherwise.
4. We accept various forms of cryptocurrency including but not limited to USDT, USDC, BTC, and ETH through our trusted crypto service partners. This enables clients to settle payments for items, real estate, and deposits with flexibility, security, and global accessibility.

Refund & Return Policy

Winning bidders are obliged to settle the amounts due post-auction. They should be aware that they cannot reclaim any payments made if they fail to clear the remaining dues. Also, refunds are not granted in lieu of returning auction items that they've won.

Guarantees

1. Maynard Auctions offers no guarantees for any of the auctioned items.
2. Maynard Auctions holds no responsibility and provides no warranty for any statements, specifications, details, and/or information presented by the seller. This includes, but isn't limited to:
   • Warranties of title.
   • The items marketability or suitability for a specific purpose.
   • Details within technical inspection reports of items.
   • Physical condition of items.
   • Production year of items.
   • Descriptions provided for items.
   • Existence or eligibility of manufacturer's warranty.
   • Adherence of items/equipment to export standards.
   • All acknowledgements and guarantees made by sellers or their agents.
3. It is the sole responsibility of the bidder/buyer to scrutinise all data, advertisements, and details concerning the auctioned item before placing a bid.

Inspection

1. Items may be inspected during regular business hours, as specified in the individual terms and conditions of each auction listing. During the inspection period, items must not be moved or tampered with. It is the sole responsibility of the buyer to thoroughly examine and verify the condition and details of the items offered for sale.
2. Exhibits are sold based on the "as is and in location" condition.
3. The buyer confirms that they have had the opportunity to inspect the items offered for sale and by proceeding with the purchase, waives any right to claim lack of due diligence. All items are sold in their existing condition, without any warranties, guarantees, or representations from Maynard Auctions. Maynard Auctions acts solely as a facilitator and intermediary in the sale process and bears no responsibility for any issues or defects related to the items before, during, or after the auction. Buyers are provided with a designated inspection period prior to bidding and are fully responsible for verifying the condition and suitability of the items.

Condition report

1. Maynard Auctions may issue a Condition Report on request prior to the sale.
2. This Condition Report is for identification purposes only and cannot be considered as giving a precise account of the lot’s true state. Thus, some imperfections and faults may not be accounted for in the Condition Report.
3. As aforementioned and in the absence of any contractual value of the Condition report, it is the buyer’s sole duty to inspect in person the lot in order to be assured of its true condition and Maynard Auctions shall not be responsible for assertions within the Condition Report hereto.

Estimates

1. Estimates are based on various factors inherent to the situation of the market at the time of the sale, as well as considerations such as the condition, rarity, or quality of the item etc. Estimates are only indicative and represent the opinion of Maynard Auctions. Estimates provided by Maynard Auctions cannot constitute a guarantee as to the value of the good. Subsequently, all lots may sell at prices lower or higher than the provided estimates.
2. Gemstone treatment and estimates
   Many gemstones on the market have been treated to augment their appearance in a reversible or permanent manner. Treatments under the present section may be but not limited to:
   • Heat treatment to enhance the sapphires and rubies’ clarity and colour.
   • Oil and resin treatments for emeralds applied in different ways, to enhance the clarity of the stone.
   • Staining.
   • Irradiation.
   • Coating.
   Estimates provided by Maynard Auctions are deemed to be based on the fact that the gemstone may have been subject to any type of treatment in the past. Maynard Auctions shall not be responsible in the absence of mention thereof.
   A certificate may be issued by a laboratory, providing with detailed information on the condition of the gemstone and any treatment applied thereto. The buyer must be aware that different laboratories have different approaches as to the degree or type of treatment for a particular gemstone.
   If a certificate accompanies the lot, the buyer must be aware that it is merely a statement of the laboratory’s opinion and in no way can Maynard Auctions be held responsible for any mentions therein. Such certificates are deemed to be delivered with the lot for informative purposes only.

Reserves

1. Many lots are offered subject to a reserve, which is the confidential minimum sale price. The reserve will never exceed the low estimate on any lot. Maynard Auctions may open the bidding on any lot below the reserve by placing a bid on behalf of the seller and may in their discretion continue to bid up to the reserve price. This can be achieved by bidding in response to other bidders or alternatively by placing consecutive bids.
2. Sellers may place a reserve on any lot consigned (minimum reserve AED 2,000) prior to the auction, being the minimum hammer price at which that lot may be sold. Reserves must be reasonable, and we may decline to offer lots which in our opinion, a seller is requesting an unreasonably high reserve.
3. A reserve once set cannot be changed except with our consent and confirmed by you in writing. Where a reserve has been placed only, we may bid on your behalf and only up to the reserve (if any) and you may in no circumstances bid as a seller personally on your own lot.
4. Once an auction starts, a reserve can not be increased, however they can be decreased with writen notice by the seller.

Buybacks

1. To enter into a Buyback Agreement with Maynard Auctions, a seller must be at least 18 years of age and the legal owner of the asset they want a Buyback Agreement on.
2. Once you have entered into a Buyback Agreement, it cannot be changed. Once a seller has received cash for their asset from Maynard Auctions, they have sold their asset to Maynard Auctions and have an agreement to have the right to repurchase their asset back at an agreed higher value, within an agreed time period.
3. The agreed sale price, repurchase price and time period in which an asset can be repurchased are agreed between Maynard Auctions and the seller before proceeding with any sale.
4. A seller has the right to repurchase their asset at any time within the agreed time period and Maynard Auctions will make reasonable effort within working hours to assist in making arrangement for a seller to repurchase and collect their asset.

5. During the period of a Buyback Agreement, Maynard Auctions is responsible for ensuring all assets listed on Buyback Agreements are handled/controlled with care and are kept in the same condition as they were at the time of purchase.

   If any damages, loss, theft of any asset were to occur whilst Maynard Auctions has ownership of the asset within the Buyback Agreement time period, Maynard Auctions is responsible for informing the seller. Any damage, loss, or misuse may allow the seller to reduce the buyback price or refuse buyback as mutually agreed.

6. If a seller does not take the option to repurchase their asset within the agreed time period, Maynard Auctions becomes the full and permanent owner and has the right to resale the asset.
7. In most cases, only single assets can be on any one Buyback Agreement, however special cases may exist such as when multiple assets that make up a collection and have a joint value, may be on a Buyback Agreement.

Compensation

1. In the event that any third party, seller, or buyer raises a claim related to an auctioned lot regardless of whether Maynard Auctions is directly involved you agree to indemnify and hold Maynard Auctions harmless from any and all liabilities, losses, damages, or legal actions. This obligation applies both before and after the auction, including situations where the sold item becomes subject to disputes, claims, or encumbrances following the sale.
2. You agree not to hold Maynard Auctions accountable and to free it from any liabilities stemming from:
   • Utilising the Maynard Auctions platform.
   • Breaching any terms, laws, or regulations.
   • Infringing upon someone else's rights.
   • A seller/suppliers provision of misleading or incomplete data to Maynard Auctions or any failure to unveil hidden defects in the auctioned items.
3. You are agreeing to safeguard and shield Maynard Auctions, including its board members and employees, from any claims, demands, losses, damages, costs, and legal fees arising from:
   • Using the Maynard Auctions platform.
   • Breaching the Terms & Conditions and any governing laws or regulations.
   • Infringing upon another party's rights.
   • A seller’s provision of false or incomplete details to Maynard Auctions or their failure to disclose any concealed defects associated with the auctioned item.

Contact & Support

1. For inquiries or complaints, contact Maynard Auctions on +971 4 576 9152 or email at [email protected]
2. All notifications will be sent to the email address provided during account registration with Maynard Auctions, or to any updated email address subsequently submitted by the user through the platform. If the user changes their email address, they are responsible for promptly updating their account information or notifying Maynard Auctions by sending the new email address to [email protected].

Amendments to the Terms and Conditions

1. Maynard Auctions retains the right to modify the website or applications terms and conditions whenever they see fit. These changes take effect immediately upon posting on the website or application, without any need for prior notice to users/members.

Trademarks and Auction Data

1. Maynard Auctions alone has the right to use all trademarks and logos, and it undertakes not to copy, modify, or distribute any content from the website, or violate, in any way and under any circumstance, terms of copyright materials or trademarks of the website or the electronic application.
2. Users are forbidden from recording, copying, storing, duplicating, reproducing, broadcasting, or exploiting any data or audio/video content or images related to the auction.

Disclaimer

1. Users acknowledge that the internet is inherently subject to instability, security vulnerabilities, and potential interruptions. As such, Maynard Auctions does not guarantee continuous or uninterrupted access to its auction services. By participating, users accept and agree that Maynard Auctions shall not be held liable for any disruptions, delays, or difficulties in accessing or using the bidding platform.
2. While Maynard Auctions is committed to safeguarding personal data and upholding privacy standards, it cannot be held liable for any data breaches or unauthorised access resulting from cyberattacks or malicious activities beyond its control. Users acknowledge that any loss, compromise, or misuse of personal data, regardless of the cause, does not impose liability on Maynard Auctions.
3. The Maynard Auctions platform, including all content, materials, and information made available through it, is provided strictly “as is” and “as available,” with all existing faults, errors, or inconsistencies. To the maximum extent permitted by applicable law, Maynard Auctions disclaims all warranties, whether express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, and non-infringement.

4. Maynard Auctions makes no guarantees or warranties under these Terms and Conditions that the auction services, content, or any materials provided whether directly by Maynard Auctions or by third parties, including programs, products, or other external resources will be:

   (A) accurate, secure, continuously available, or free from errors or interruptions, or that any identified issues will be corrected; or

   (B) suitable for any specific purpose or user requirement.

   Additionally, Maynard Auctions does not warrant the accuracy, completeness, or reliability of any technical inspection reports or disclosures made available through the auction platform and expressly disclaims any liability arising from their use.

5. Clients are strictly advised not to release any items including but not limited to diamonds, high-value jewelry, luxury assets, or collectible goods to any individual unless the following conditions are fully satisfied:

   (A) The individual presents an original Emirates ID that clearly states “Maynard Auctions LLC” as their employer; and

   (B) A valid contract issued by Maynard Auctions LLC has been signed and stamped by the company’s authorised C-suite executives.

   For the avoidance of doubt, no person is authorised to collect items on behalf of Maynard Auctions LLC without meeting both of the above requirements. Any individual failing to provide these documents must be deemed unauthorised, and items must not be released under any circumstances.

   In the event of any doubt or suspected impersonation, clients must immediately contact Maynard Auctions LLC through our official communication channels for verification.

   Maynard Auctions LLC shall not, under any circumstances, be held liable for any loss, damage, or misappropriation of goods that occurs as a result of a client voluntarily handing over items to any person not officially employed by Maynard Auctions LLC and not presenting the required documentation described above.

   Any such action is undertaken entirely at the client’s own risk and responsibility.

6. Users acknowledge that any information, data, or materials obtained through the auction service whether provided by Maynard Auctions or third parties may contain inaccuracies or be incomplete. It is the sole responsibility of the user to verify the accuracy, completeness, and reliability of such information before relying on it for any purpose.
7. All bidders are solely responsible for ensuring that their bids are submitted in a timely manner, especially during the final moments of an auction. Maynard Auctions does not accept liability for bids that fail to register or execute due to technical issues, internet connectivity problems, or other unforeseen circumstances. It is the bidder’s duty to closely monitor the auction and place bids with sufficient time remaining to avoid last-minute complications.

Harm to Maynard Auctions

1. Users must not use hacking tools or automated programs (e.g. hackers, robots, spiders, scrapers) to access the website or app. Users are also required to comply with all IT laws, including Federal Decree Law No. 5 of 2012 and its amendments.
2. Users must not engage in any activity that could harm the website or app infrastructure, disrupt user access, or restrict access for certain user groups.

Limitation of Liability

1. Maynard Auctions is not liable for any damages or losses, including direct, indirect, incidental, consequential, or lost profits, incurred by sellers or buyers.
2. Maynard Auctions serves solely as a platform and does not participate directly in contractual agreements between buyers and sellers. Accordingly, Maynard Auctions, along with its employees, managers, or partners, cannot be held liable or subject to legal action regarding item descriptions, specifications, or matters of ownership.

Applicable law and jurisdiction

1. These Terms and Conditions shall be governed by and construed in accordance with the laws of the Emirate of Dubai and the applicable federal laws of the United Arab Emirates. Any dispute arising out of or in connection with these Terms and Conditions shall fall under the exclusive jurisdiction of the competent courts in Dubai, which shall have full authority to hear and resolve any legal action or proceeding related to the auction services.