Do I need to be a member to search the assets
Yes, you must have to be a full time member of the BrandsAuction.com to participate in the bidding process? You can become a site member by filling out the form at https://brandsauction.com/register
Why there is a requirement for proof of funds
Proof of funds are necessary for BrandsAuction.com to verify that you are capable of doing transactions. BrandsAuction.com is a serious platform and we want to keep it authentic for both buyers and sellers
What kind of proof of funds can I provide
You can provide any of the documents which shows authentication of your business and your financial situation. Some of these forms can be company organization documents, bank statements, financial statements, audited or unaudited profit & loss (P&L) statements and balance sheet etc.
What is a participation deposit
Participation deposit means the deposit for a buyer to participate in the bidding process. In addition to other penalties, it is mandatory that the buyers must perform all the post bidding obligations including paying for the asset and signing all the documentation e.g. purchase agreement etc.
Why cannot I see the listing names when I search?
For the protection of the sellers, the asset or listing names can only be seen once you have applied for the membership and/or have paid the dues and submitted your proof of funds.
Can I buy and sell from the same user id
For maximum protection of our members both sellers and buyers, you must have a separate account for both buyers and sellers separately meaning that your seller account does not give you access to search other brands and your buyer account does not give you the option to offer your assets for sale and/or licensing.
If I offer maximum amount, is it guaranteed that I will get the deal?
There are many different factors for the licensor to consider before granting the licensing agreement to you. Maximum amount is not the only factor which sellers would consider to sell their asset to you. Licensors will review all the bids and proposals at the end of each auction and will decide on who to sell their asset to. Off course having the highest bid dramatically increase your chances of getting the asset.