Auctioneers, write up your seller contracts with this ready-made Auction Agreement, for sales with reserve bids. Terms of the Agreement include:

• The seller will pay for the auction catalog, advertising, delivery of the goods to the auctioneer, and insurance up until the time of delivery.


• Once the goods are in the auctioneer's possession, the auctioneer is responsible for all risk insurance coverage.


• The auctioneer is responsible for distributing the catalog and arranging the advertising for the sale.


• The auctioneer's compensation will be in the form of a buyer's premium on all sales, not to exceed 15%.

This generic Auction Agreement form is in MS Word format, and can be used for general sales of vehicles and household goods, or for auctions of collectibles, antiques, art, and other special items. Buy the form once, and it's yours to use as often as you require.