Welcome to Surplus.net. These Terms of Use ("Terms") govern your use of our website, platform, and services. By accessing or using Surplus.net, you agree to comply with these Terms. If you do not agree, you may not use our services.
1. Acceptance of Terms
By registering an account or using any part of Surplus.net, you confirm that you are authorized to enter into this agreement and abide by these Terms.
2. Services Provided
- Submit surplus inventory lists, including obsolete inventory, surplus MRO, and excess inventory, through our portal.
- Receive AI-powered fair market value evaluations of their surplus inventory.
- Obtain tax write-off estimates for surplus items (for companies in North America).
- Receive insights on potential buyers for their surplus inventory but do not transact directly on our platform.
3. User Accounts & Responsibilities
- You must provide accurate and complete information when creating an account.
- You are responsible for maintaining the confidentiality of your account credentials.
- You agree not to misuse the platform, including fraudulent activity, misrepresentation of inventory, or any actions that violate applicable laws.
4. Surplus Inventory Submission
- Inventory lists must be accurate and include only brand, model, and quantity of items.
- Misrepresenting inventory details may result in account suspension or termination.
- Surplus.net reserves the right to decline processing any inventory list that does not comply with these Terms.
5. AI-Powered Valuation & Tax Write-Off Estimates
- Our AI-powered fair market value assessments are based on market data and are estimates. We do not guarantee any specific sale price.
- Tax write-off estimates are provided as guidance. Users should consult a tax professional for compliance with tax regulations.
6. Transactions & Payments
- Surplus.net does not facilitate the sale, purchase, or transaction of surplus inventory.
- Users receive valuation insights and buyer connection opportunities but must handle transactions independently.
- We may offer additional services in the future, subject to separate terms.
7. Prohibited Activities
- Submit prohibited, illegal, or hazardous inventory.
- Violate intellectual property rights of others.
- Use automated systems, bots, or scraping technologies to access our data.
- Engage in fraudulent, deceptive, or misleading activities.
8. Termination & Suspension
- We reserve the right to suspend or terminate accounts that violate these Terms.
- Users may delete their accounts at any time, but past records may be retained for compliance purposes.
9. Liability Disclaimer
- Surplus.net provides its platform "as is" and makes no warranties regarding the accuracy or availability of services.
- We are not liable for any losses, damages, or disputes arising from transactions conducted outside our platform.
10. Changes to These Terms
We may update these Terms periodically. Continued use of Surplus.net after updates constitutes acceptance of the revised Terms.
11. Governing Law & Dispute Resolution
These Terms are governed by the laws of the State of California, United States. Any disputes shall be resolved through arbitration or litigation in the appropriate jurisdiction.
12. Contact Information
If you have any questions about these Terms, please contact us at legal@surplus.net.
By using Surplus.net, you acknowledge that you have read, understood, and agreed to these Terms of Use.
