You authorize BFA AUCTION to sell the items listed on the front of this agreement under the terms and conditions stated herein:
COMMISSION. You agree to pay Seller commission.
RESCISSION. BFA AUCTION, as your agent, is authorized to accept the return and rescind the sale of any property if we, in our sole judgment, determine that the sale has subjected or may subject BFA AUCTION, or you to any liability, including but not limited to liability for authenticity, title or inaccurate description. In such a case, BFA AUCTION, under the Terms and Conditions, is authorized to reimburse the purchaser the purchase price. If BFA AUCTION has remitted payment to you on the rescinded sale, you will return that payment to BFA AUCTION within ten days of written notice of the rescinded sale. Your property will then be returned to you.
INDEMNIFICATION. You agree to indemnify and hold harmless the purchaser and BFA AUCTION from and against any damages, losses, liabilities, cost and expenses related to the breach or alleged breach of your representations, agreements or warranties in this Consignment Agreement. Your representations, agreements, warranties and indemnities will subsist completion by this Consignment Agreement.
SEVERABILITY. In the event that law herein invalidates any clause, the remainder of the clauses shall remain in full force and effect.
MISCELLANEOUS. This agreement shall be governed, enforced and construed in accordance with the laws of the state of New Jersey. In the event of a dispute, you agree to submit to the exclusive jurisdiction of the state courts of and the Federal courts of the United States of America located in the state of New Jersey, and neither party shall be liable to the other for any special, consequential or incidental damages. This agreement shall be binding to your heirs, distributes, executors, legal representatives and beneficiaries.