Asset Resource operates an online marketplace for surplus and used industrial equipment and materials — including oil and gas, construction, agricultural, and related assets. Listings on the Website may be offered under one of the following formats, as stated on each listing:

You must be at least 18 years old and able to form a binding contract to register for an account, bid, make an offer, or complete a purchase. You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account. Information provided during registration must be accurate, current, and complete.

When you submit a bid or accepted offer, you are entering a binding obligation to complete the transaction on the terms stated in the listing. Bids and accepted offers are not retractable, cancellable, or refundable except as expressly permitted on the listing or required by law. Sellers are likewise obligated to proceed once a Buy Now purchase is completed or an offer is formally accepted.

Make Offer submissions are binding for three (3) business days and may be accepted, countered, or declined by the Seller. If countered, you have three (3) business days to respond; the highest offer holds first right of refusal until the listing is removed or another offer is accepted. No agreement is binding until formally accepted in writing.

Unless otherwise memorialized in writing, payment is due in full within the timeframe stated on the listing or the applicable Bill of Sale, Purchase and Sale Agreement, or other transaction document (typically within 48 hours to two (2) business days of invoice or contract execution).

A 10% Buyer's Premium applies to all transactions completed through the Website. Listing on Asset Resource is free for Sellers. Accepted payment methods include wire transfer, ACH, credit card, and financing through our third-party financing partner, Substrate; credit card payments incur a 4% processing fee. Any applicable sales tax will be collected unless a valid tax exemption certificate is provided to and accepted by Asset Resource prior to execution of the Bill of Sale or Purchase and Sale Agreement.

Sellers will not accept redlines or alterations to the Bill of Sale, Purchase and Sale Agreement, or other transaction documents provided by Asset Resource.

All items listed on the Website are sold as-is, where-is, with no warranty, representation, or guarantee of any kind — express or implied — as to condition, merchantability, fitness for a particular purpose, or otherwise, unless a warranty is specifically memorialized in writing by Asset Resource. Buyers are solely responsible for inspecting listed items and for any industry-standard testing, certification, or re-certification required before use. Each transaction is further governed by the applicable Bill of Sale or Purchase and Sale Agreement.

Sellers are responsible for the accuracy of all listing information, including title, description, specifications, location, and photographs. Sellers must have the legal right to sell any item listed and must honor the terms of any Buy Now purchase or accepted offer. Asset Resource facilitates the marketplace and transaction process but is not a party to, and does not guarantee performance of, the underlying sale between Buyer and Seller.

You agree not to:

The Website and its content — including text, graphics, logos, and software, but excluding content submitted by Sellers as part of a listing — are owned by or licensed to Asset Resource and are protected by applicable intellectual property laws. You may not reproduce, distribute, modify, or create derivative works from any part of the Website without our prior written consent. By submitting listing content, you grant Asset Resource a non-exclusive, royalty-free, worldwide license to host, display, and distribute that content in connection with operating the Services.

The Website may link to or integrate with third-party services, including financing (Substrate) and payment processors. Asset Resource does not control and is not responsible for the content, policies, or practices of any third-party service. Your use of any third-party service is subject to that provider's own terms and privacy practices.

THE WEBSITE AND SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. TO THE FULLEST EXTENT PERMITTED BY LAW, ASSET RESOURCE WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUE, ARISING FROM YOUR USE OF THE WEBSITE OR ANY TRANSACTION CONDUCTED THROUGH IT. ASSET RESOURCE'S TOTAL LIABILITY FOR ANY CLAIM ARISING OUT OF OR RELATING TO THESE TERMS WILL NOT EXCEED THE FEES PAID BY YOU TO ASSET RESOURCE IN THE TRANSACTION GIVING RISE TO THE CLAIM.

You agree to indemnify and hold harmless Asset Resource, its officers, employees, and affiliates from any claim, loss, liability, or expense (including reasonable attorneys' fees) arising from your use of the Website, your breach of these Terms, or a transaction you enter into with another user.

Asset Resource may suspend or terminate your account or access to the Website at any time, with or without notice, for conduct that violates these Terms or is otherwise harmful to other users, Asset Resource, or third parties. You may stop using the Website at any time. Obligations arising from transactions entered into prior to termination survive termination.

These Terms are governed by the laws of the State of Texas, without regard to its conflict-of-laws principles. Any dispute arising out of or relating to these Terms or the Website will be subject to the exclusive jurisdiction of the state and federal courts located in Harris County, Texas.

We may update these Terms from time to time to reflect changes in our practices or legal requirements. The updated Terms will be posted on this page with a new "Last Updated" date. Continued use of the Website after changes take effect constitutes acceptance of the revised Terms.

If you have any questions about these Terms, please contact us at: