Source: https://www.cml.pt/en/informations/business-conditions
Timestamp: 2019-02-16 20:44:43
Document Index: 667945829

Matched Legal Cases: ['ART. 1', 'ART. 2', 'ART. 3', 'ART. 4', 'ART. 5', 'ART. 6', 'ART. 7', 'ART. 8', 'ART. 9', 'ART. 10', 'ART. 11', 'ART. 12', 'ART. 13', 'ART. 14', 'ART. 15', 'Art. 54', 'ART. 16', 'ART. 17', 'ART. 18', 'ART. 19', 'ART. 20', 'ART. 21', 'ART. 1', 'ART 2', 'ART. 3', 'ART. 2', 'ART. 3', 'ART. 4', 'ART. 5']

Business conditions - Cabral Moncada Leilões
ValuationTop
Antiques and Work of ArtModern and Contemporary Art
SOCIEDADE COMERCIAL DE LEILÕES “O PREGÃO”, LDA.
Rua Miguel Lupi 12 A/D • 1200-725 Lisboa • Portugal • Tel (+351) 21 395 47 81 • Fax (+351) 21 395 51 15 • info@cml.pt • www.cml.pt
Pessoa colectiva 503 556 858 • Matriculada na Conservatória do Registo Comercial sob o mesmo número • Capital Social € 60.000,00
Autorização DGAE para o exercício da actividade leiloeira de 23.11.2015 • Apólice de seguro de responsabilidade civil Hiscox € 200.000 nº 2503667
Representantes legais: Miguel Cabral de Moncada - NIF 153528362 • Pedro Maria de Alvim - NIF 180311336
Sociedade Comercial de Leilões “O Pregão, Lda.”, hereinafter “Cabral Moncada Leilões”, performs its auction activity subject to Decreto Lei nº 155/2015, which has established the legal framework for auction activity, to the Business Conditions below, and to any other conditions expressed in a proper place. All auctions, live or online, performed by “Cabral Moncada Leilões” are subject to the Business Conditions below, which are divided in four Sections (sellers; buyers; both sellers and buyers; additional conditions concerning online auctions and online bidding in live auctions); such division in sections is meant to simplify and facilitate the understanding of the document, which shall be deemed as one and shall be understood as such.
A. CONDITIONS REGARDING THE SELLERS
A.1. CONTRACT
ART. 1 – Agreement for the Provision of Services
The seller of an item and “Cabral Moncada Leilões” are bound to each other from the moment a provision of services contract, hereinafter referred to as the “Contract”, is entered into between both parties.
ART. 2 –Mandatory Content
The Contract must mandatorily contain:
a) the full name of the seller and, if applicable, his representative;
b) the identification and description, though brief, of the item;
c) the minimum selling price of the item, as agreed by the parties;
d) the commission owed by the seller to “Cabral Moncada Leilões”;
e) the fees regarding insurance and inventory of the item;
f) any other fees agreed by the parties, in particular those regarding transportation, photographs, etc.;
g) the indication, in case the seller is a VAT taxable person and acting in such capacity, of the cases in which the transfer of the good is neither exempted from VAT [pursuant to subparagraph 32 of article 9 or to article 53 of the VAT Code, or in accordance to an identical provision from the law of the European Union Member State where the transfer is executed] nor is it subject to the special rules governing the taxation of profit margins (established by Decree-law 199/96, of 18 October, or in accordance with an identical legal framework from the European Union Member State where the transfer is executed);
h) any other mandatory mention pursuant to the applicable legislation (especially, the Decree-Law 155/2015);
i) the signature of the seller or his empowered representative, stating the knowledge and acceptance of the present business conditions and any specific conditions that may be applicable.
ART. 3 – Seller Guarantees and Duties of the Seller
By entering into the Contract, the seller:
a) guarantees to be the legitimate owner and possessor of the item and that such item is free of any encumbrances, charges or restrictions, related to its holding, use, enjoyment or transmissibility, including classification, inventory or enrollment by any official entity, and that no proceedings have been initiated towards that end; in case during the Contract the seller is notified or becomes somehow aware of the initiation of a procedure towards classification, inventory or enrollment of the item or of any third party claims regarding such item, the seller shall immediately inform the “Cabral Moncada Leilões” of such fact;
b) guarantees not to have omitted any facts or information from “Cabral Moncada Leilões” that, if they had been disclosed, were likely to change its will to enter into the Contract or change the description of the item and / or the value attributed to it;
c) undertakes the obligation to deliver the items or to keep them at the disposal of “Cabral Moncada Leilões” and buyer as soon and whenever requested to do so.
ART. 4 - Representation by Third Parties
In case the seller is represented by a third party, the provisions set forth in the preceding article apply to the latter, with the due adaptations. Such third party further undertakes the obligation to present “Cabral Moncada Leilões” the documents that prove its relationship with the seller.
ART. 5 Proof of Ownership
“Cabral Moncada Leilões” reserves the right to ask for documents that prove the ownership of the item, including documents that prove its acquisition by the seller.
ART. 6 – Examinations and Technical Assessments
“Cabral Moncada Leilões” also reserves the right, at all times, to perform or to order examinations and / or tests to the item in order to confirm or deny its description made in the Contract. If such examinations or tests reveal that the Contract is not materially correct, “Cabral Moncada Leilões” may terminate or cancel the Contract, and if the seller acted with willful misconduct or gross negligence in its negotiation and conclusion, it shall indemnify “Cabral Moncada Leilões” for the damages suffered by the latter, including image damage if the sale of the item has already been publicized. “Cabral Moncada Leilões” may also terminate or cancel the Contract, without thereby entitling the seller to any compensation, in the event such tests or examinations are not conclusive but there are still grounds for “Cabral Moncada Leilões” to doubt the material correctness of the Contract.
ART. 7 – Amendements
The Contract may only be modified by mutual agreement, without prejudice of the right of “Cabral Moncada Leilões” to change the description and increase the minimum selling price of the item contained in the Agreement in the catalog in which such item is included, as well as the right of “Cabral Moncada Leilões” to freely establish the number of items to be included in each lot.
ART. 8 – Breach by the seller
In case the seller fails to comply with its obligations under the Contract, including, inter alia, the obligation to provide the item to “Cabral Moncada Leilões”, the latter may notify the seller to remedy the breach within a reasonable and useful deadline. In case the non-compliance persists after said deadline, “Cabral Moncada Leilões” has the right to terminate the Agreement with immediate effects, and still be entitled to claim from the seller, as a penalty clause, a sum equivalent to the commissions that would be payable by the seller and the buyer in the event of the sale of the item by the reservation value stipulated in the Contract, plus any other amounts owed by the seller under the Contract, without prejudice to any surplus damages.
ART. 9 – Duration
The contract shall be effective for an indefinite period of time and shall only cease by (i) mutual agreement; (ii) termination on the terms established herein; (iii) termination with just cause; or (iv) as the case may be, termination upon payment of the price or upon return of the good to the seller by “Cabral Moncada Leilões”.
A.2. LIABILITY
ART. 10 – Liability of the Seller for the transportation
Transportation to, as well as the deposit of the item in, “Cabral Moncada Leilões” facilities, as well as its subsequent withdrawal and transportation in case of no sale, are the sole responsibility of the seller, and it shall be considered that any aid provided by “Cabral Moncada Leilões”, its officers, employees or associates, is provided as courtesy and cannot be the source of any liability. The indication of a company or person to do so also excludes any liability of “Cabral Moncada Leilões”, its officers, employees or associates.
ART. 11 – Liability of the Seller for the possession
Any loss or damage, including theft and robbery, which may occur regarding an item while it is held by the seller, even after signing the Agreement, are the seller’s sole responsibility, the latter being obliged to compensate “Cabral Moncada Leilões” and / or the buyer for all damages and losses arising therefrom.
ART. 12 – Liability of “Cabral Moncada Leilões” for the Deposit
Without prejudice to the cases where a different rule of this Business Conditions specifically applies “Cabral Moncada Leilões” can only be held liable for items that are deposited in its facilities after the respective Contract has been duly signed by the parties or in case the items were formally entrusted to “Cabral Moncada Leilões” for identification and evaluation purposes. The responsibility of “Cabral Moncada Leilões” for any loss or damage, including theft and robbery, which may occur regarding the items that have been formally entrusted to it is covered by insurance for the reserve amount agreed.
A.3. PAYMENT
ART. 13 – Deduction of the Payment and other Amounts
The seller expressly authorizes “Cabral Moncada Leilões” to deduct from the hammer price:
a) the commission due to it under the Contract, plus VAT at the statutory rate; and
b) the value of services and other payments due under the Contract, plus VAT at the statutory rate.
ART. 14 – Term
“Cabral Moncada Leilões" undertakes to deliver the bill of sale to the seller within ten (10) days from the moment the payment in full of the item is made and after its collection by the buyer. The payment of the amount of the sale to the seller, deducted from commissions, services and taxes, shall be made within eight (8) days after the sale account is made available; the seller must contact “Cabral Moncada Leilões” for such purpose. Considering that the buyer must make the payment within 10 days from the auction’s last session it is therefore expected (but not guaranteed, as it is conditioned to the payment in full and collection of the item by the buyer) that the payment to the seller is made within twenty eight (28) days from the date of the auction’s last session.
ART. 15 – Right of resale
In case the item sold is an original work of art, in the meaning of Art. 54 of the Copyright and Related Rights Code (in the version amended by Law no. 24/2006, of 30 June), the net amount receivable by the seller comprehends the amount due to the author or, if applicable, to the author’s heirs, as a resale right (“droit de suite”). The seller is obliged to retain such amount and pay it to the author or, if applicable, to its heirs, upon their request or upon the request of any persons validly representing them. As an exception to the provisions of the preceding two paragraphs, in case the author, the author's heirs or whomever validly represents them requests such payment from “Cabral Moncada Leilões” before payment has been made to the seller, the seller expressly authorizes “Cabral Moncada Leilões” to deduct the amount due in respect of the resale right from the net amount which would be due under Article 13.
ART. 16 – Compensation
The seller further authorizes “Cabral Moncada Leilões” to deduct any amounts owed by the said seller as a buyer of other items from the net amount which would be due under Article 13, operating, to that extent, the applicable set-off.
ART. 17 – Breach by the buyer
Once the deadline referred to in Article 14 has passed, if “Cabral Moncada Leilões” has not received the full amount of the sale from the buyer, it must inform the seller of that fact and that it took or intends to take legal action to recover the full amount of the sale or cancel the sale. If the reaction against the buyer needs the intervention of the seller, the latter should empower “Cabral Moncada Leilões” to perform all the actions deemed necessary or appropriate. In case “Cabral Moncada Leilões” succeeds, either judicially or extra-judicially, in recovering the credit over the buyer, it shall deliver the amount due to the seller within eight (8) days following the effective collection.
A.4. NO SALE OF AN ITEM
ART. 18 – Payment and Withdrawl
If an item is not sold in auction, and within one (1) month after the last session of the auction, the seller undertakes to:
a) pay “Cabral Moncada Leilões” what is stipulated in the Contract, the seller not being entitled to any compensation or damages by reason of not having sold the item;
b) withdraw the item.
ART. 19 – Out of Auction Sales
“Cabral Moncada Leilões” reserves the right to sell any item not sold in auction out of auction, for the minimum sale price agreed plus commission and tax due, at any time before actual withdrawal of the item by the seller, except if the seller, when entering into the Contract or at a later stage, has expressly indicated to “Cabral Moncada Leilões” that it only intends to sell the item at auction.
ART. 20 – Failure to company with withdrawal term
Once the period set forth in Article 18 has elapsed without the withdrawal of the item by the seller, title of ownership over the item shall be deemed reversed for all legal purposes, notwithstanding the fact that the seller shall become liable for any loss or damage, including theft and robbery, which may occur regarding the item. Consequently, neither “Cabral Moncada Leilões” nor its officers, employees or associates will be liable for that eventuality. The seller will also be responsible for all item removal, storage and insurance costs that may be due.
ART. 21 – Replacement
Ninety (90) days after completion of the period referred to in Article 18 and in case the seller has not voluntarily complied with the obligations established therein, “Cabral Moncada Leilões” may place the item for auction, live or online, again, without being subject to the minimum sale price agreed. “Cabral Moncada Leilões” shall then be entitled to receive the commission and the fees set in the Agreement and also to deduct any amounts owed y the seller.
B. CONDITIONS REGARDING THE BUYERS
Through one or more international online platforms running the auction provided by “Cabral Moncada Leilões” (presently through “Invaluable” online platform) it might be possible, notwithstanding the purchase orders mentioned before, to bid online during the auction.
b) Should the purchase be executed through an international online platform (presently “Invaluable”), the buyer agrees to pay “Cabral Moncada Leilões” the total amount due for the sale of the item, i.e., the amount of the winning bid plus a commission, which includes VAT, of 24,60%.
C. CONDITIONS REGARDING BOTH SELLERS AND BUYERS
ART. 1 – Independence
“Cabral Moncada Leilões”, respective partners or legal representatives, their spouses, ascendants or descendants do not act, under any circumstance, in its own name as sellers or buyers of the items placed at auction
ART 2. – Permission to Publish
The seller and the buyer expressly authorizes “Cabral Moncada Leilões” to photograph, publish, publicize and use, in any form and at all times, for commercial, cultural, academic or other purposes, related or not to the auction, the image and description of all items that have been sold or acquired through it.
ART. 3 - For the resolution of any dispute between the parties concerning the interpretation or validity of the Contract, including the present business conditions, as well as its implementation and enforcement, the court of the district of Lisbon shall be exclusively competent.
D. CONDITIONS REGARDING ONLINE AUCTIONS AND ONLINE BIDDING IN LIVE AUCTIONS
“Cabral Moncada Leilões” provides also online bidding at its live auctions through determined international online platforms run by Third Parties (presently, Invaluable) - below, “Third Parties Platforms”
ART. 2 Online auction catalogues
The catalogues with the image and description of each and every item included in online auctions are only available in digital version at “CML Platform”.
ART. 3 - Online register
In order to bid at an online auction, the potential buyer should be of age, previously register at CML Platform, mandatorily fulfilling the name, address, taxpayer number, telephone number and email, and declaring to acknowledge and to accept the present Business Conditions.
In order to give Purchase Orders and to bid online at a live auction the potential buyer should be previously registered in one of the Third Parties Platforms in which that auction has been provided by “Cabral Moncada Leilões”, complying to the rules and accepting the terms and conditions of such Platform. Doing so and giving Purchase Orders or Bidding online at a “Cabral Moncada Leilões” live auction, the potential buyer accepts to comply to the present Business Conditions, which, in case of contradiction, will prevail over the terms and conditions of the Platform.
The potential online buyer should keep confidential the chosen password and any other means of authentication received during his register process at the “CML Platform” or, should that be the case, at a Third Parties Platform, and is responsible for any unauthorized access to his account.
“Cabral Moncada Leilões” reserves the right to cancel or to suspend the register of anyone who failed to comply to his obligations in due time, namely the payment or the withdraw of one or more items, in previous auctions.
ART. 4 – Purchase Orders and Online Bidding at Online Auctions
Purchase orders and online bidding can only be accepted when presented through the CML Platform, after register of the potential online buyer according to item a) of the previous article;
Online purchase orders and online bidding can only be accepted when its value is equal or superior to the base value of each item;
Online purchase orders for a certain item will be automatically executed by “Cabral Moncada Leilões” for the best price allowed by the existence any other online purchase orders or online bidding received for the same item;
Online bidding increments will not exceed in any case 10% of the value of the precedent bid;
Online purchase orders received and accepted by “Cabral Moncada Leilões” are confidential;
The potential buyer accepts that his online purchase orders and online bidding at the CML Platform, once accepted, are final and cannot, by no means, be canceled or revoked until the term of the correspondent online auction.
ART. 5 - Payment and withdrawal at online auctions
a) The online buyer agrees to pay “Cabral Moncada Leilões” the total amount due for the sale of the item, i.e., the amount of the winning bid plus a commission, which includes VAT, according to the Special Regime for Item Sales at Auction, as follows:
b) In the exceptional cases indicated in the catalogue, VAT may be due on the amount of the bidding.
c) The online buyer agrees to make the payment referred to in the previous items and withdraw the item within ten (10) days following the date of purchase;
d) The payment can be made through cash (maximum € 2.500), ATM, wire transfer, or by certified check; should the payment be made by check which is not certified, the item will only be considered to have been paid after good collection of such check, regardless of the item being already in possession of the buyer;
e) The ownership of the item will only be transferred to the buyer after “Cabral Moncada Leilões” has been paid the total amount of the sale in cash, certified check or wire transfer.
Until transfer of title, the item remains the property of the seller;
f) If the online buyer fails to pay the full amount of the sale within ten (10) days from the date of the item auction, “Cabral Moncada Leilões” has the right to file a lawsuit to recover the full amount of the sale or to cancel the sale, according to clause 16 of the present Business Conditions, which is applicable;
g) The withdrawal and transportation of items is the sole responsibility of the buyer, and any assistance provided by “Cabral Moncada Leilões”, its officers, employees or associates is a matter of courtesy, and cannot have as an effect liability of any kind. The indication of any company or person to do so also excludes any responsibility of “Cabral Moncada Leilões”, its officers, employees or associates.
h) The rules established in the present article are applicable exclusively to online auctions. Online bidding and online purchasing at live auctions are subject to the precedent Sections rules applicable to Live Auctions.
b) Online Auctions - Platform Operating Problems may compromise the achievement of one or more than one online auctions, or may affect, in a particular auction, one or more items (lots); likewise, Platform Operating Problems may affect the users in general, a group of users, or just a single user, which may, namely, be unable to register, to access his own account, to give a purchase order or a bid; or, being able to give a purchase order or a bid, such purchase order or bid was not taken into consideration, or not receiving certain communications (such as the reception of an higher bid) or receiving wrong communications.
According to the GDPR and to its own Privacy Policy, available on Privacy Policy, “Cabral Moncada Leilões” will promise to process collected personal data in a lawful manner, respecting the principles of good-faith and in the strictest confidentiality and assures furthermore that collected personal data are adequate, relevant and not excessive concerning the purposes for which they were collected and processed.
CITES - CONVENTION ON INTERNATIONAL TRADE OF ENDANGERED SPECIES OF WILD FAUNA AND FLORA
Each and every one of the goods incorporating materials from endangered species of wild fauna and flora, put up on auction by “Cabral Moncada Leilões”, were certified in advance pursuant to CITES’s provisions. According to the law, the buyer should request the register in his own name near the competent authorities.
LEGAL FRAMEWORK REGARDING JEWELLERY AND MARKING – LAW 98/2015, of 18 of August and Dec. Lei nº 44/2016 de 17.8.2016
Each and every one of the goods incorporating materials from endangered species of wild fauna and flora, put up on auction by Cabral Moncada Leilões, were certified in advance pursuant to CITES’s provisions. According to the law, the buyer should request the register in his own name near the competent authorities.