Terms of Service

By accessing or using KAT Exchange (the "Platform"), operated by [LEGAL_ENTITY_NAME] — Key Asset Technologies (UAE Branch), a branch registered in [FREEZONE_NAME] — Sharjah Free Zone (the "Company", "we", "us"), you agree to be bound by these Terms of Service. If you do not agree, do not use the Platform.

These Terms apply alongside our Privacy Policy, Buyer Agreement, Refund Policy, Cookie Policy, and Tax Notice.

• Selling / invoicing entity: [LEGAL_ENTITY_NAME] — Key Asset Technologies (UAE Branch), [REGISTERED_ADDRESS] — Industrial Parkway, Sharjah, UAE. Business licence [BUSINESS_LICENSE_NUMBER]; VAT TRN [VAT_TRN].
• US sourcing entity: Key Asset Technologies LLC, a limited liability company formed in the State of Illinois, USA (EIN [US_EIN]), which sources US-origin inventory internally.
• All sales contracts on the Platform are formed with, and invoiced from, the UAE Branch entity.
• [REVIEW WITH UAE LAWYER] Confirm the correct contracting entity, branch authority, and the cross-border flow of goods between the US LLC and the UAE Branch.

• You must be at least 18 years old and able to form a binding contract.
• You may register as an individual or a registered business, located in the US or internationally.
• You must provide valid identification and, where applicable, business registration.
• You must pass our identity / KYC verification before bidding.

• Provide accurate, current, and complete information.
• One account per person or legal entity.
• You are responsible for safeguarding your credentials and for all activity under your account.
• Notify us immediately at [SUPPORT_EMAIL] of any unauthorized use.

• Bids are sealed and confidential.
• A bid is a legally binding offer to purchase.
• You may increase a bid before the auction closes; you may not reduce or withdraw a bid.
• The highest qualifying bid at close wins, subject to any reserve.
• Minimum bid increment: [MIN_BID_INCREMENT] (or the increment shown on the lot).

• Pay the full amount due — winning bid plus the 12.5% buyer's premium plus any applicable VAT — within the payment window stated on your invoice (default 5 days from auction close).
• Arrange collection or delivery within the period stated for the lot.
• Failure to pay may result in forfeiture of the lot, forfeiture of any deposit, suspension, and recovery of costs.

• Buyer's premium: 12.5% of the winning bid, applied before VAT.
• VAT: 5% for UAE deliveries; 0% (zero-rated export) for deliveries outside the UAE, subject to valid export evidence. See the Tax Notice.
• Payment processing fees may apply to card payments.

• All assets are sold "AS IS, WHERE IS" with all faults.
• Condition grades (e.g. A+, A, B, C) are provided as a good-faith guide only.
• No warranty, express or implied, including merchantability or fitness for a particular purpose, is given except as required by mandatory law.
• Buyers are encouraged to inspect or request information before bidding.

• Bid manipulation, shill bidding, or collusion.
• Fake, duplicate, or shared accounts.
• Bidding without genuine intent or ability to pay.
• Attempts to disrupt, probe, or breach the Platform.
• Harassment of users or staff, or any unlawful use.

• We may suspend or terminate accounts for any violation of these Terms or applicable law.
• You may close your account at any time; outstanding obligations survive closure.

• The KAT Exchange name, logo, software, and content are owned by or licensed to the Company and may not be copied or reused without written permission.

• To the maximum extent permitted by law, we are not liable for asset condition, indirect or consequential losses, or force majeure events.
• Our aggregate liability is limited to the fees you paid to us for the transaction giving rise to the claim.
• [REVIEW WITH UAE LAWYER] Confirm that liability caps and disclaimers are enforceable under UAE Federal law and Free Zone regulations.

You agree to indemnify and hold the Company harmless from claims, losses, and expenses arising out of your use of the Platform or breach of these Terms.

• For buyers contracting with the UAE Branch, these Terms are governed by the laws of the United Arab Emirates as applied in [FREEZONE_NAME] — Sharjah, with disputes subject to [DISPUTE_FORUM].
• Matters relating solely to the US LLC may be governed by the laws of the State of Illinois, USA.
• [REVIEW WITH UAE LAWYER] Finalize the governing-law and dispute-resolution clause (courts vs. arbitration, seat, and language).

We may update these Terms from time to time. Material changes take effect [NOTICE_PERIOD] after posting. Continued use after changes constitutes acceptance.

Questions about these Terms: [SUPPORT_EMAIL].