Terms of Service

1. Description of Service

Corp Surplus provides a business-to-business (B2B) marketplace platform that enables organisations to list, auction, and sell surplus corporate inventory — including office equipment, electronics, furniture, and peripherals — to verified employees and other authorised buyers.

The Platform facilitates connections between selling organisations ("Sellers") and buyers ("Buyers"), including live auctions, fixed-price listings, private storefronts, Stripe-powered payments, and ESG/impact reporting tools.

2. Eligibility

The Platform is available to business entities only. By registering, you represent and warrant that:

• You are registering on behalf of, and have authority to bind, a legitimate business entity.
• You are at least 18 years of age.
• You will register using a valid, verified work email address associated with your employer's domain.
• Your use of the Platform complies with all applicable laws and regulations in your jurisdiction.

Corp Surplus reserves the right to verify eligibility and to decline or revoke registration at its discretion.

3. Account Registration & Security

You must register with a verified work email address. We use one-time passcode (OTP) authentication — no passwords are stored. You are responsible for maintaining the security of your email account and for all activity that occurs under your account.

You agree to notify us immediately at support@corpsurplus.com if you become aware of any unauthorised access to your account.

4. Acceptable Use

You agree not to use the Platform to:

• List, auction, or sell illegal goods, counterfeit items, hazardous materials, or items that violate any applicable law or regulation.
• Misrepresent the condition, description, quantity, or ownership of any inventory.
• Engage in price manipulation, shill bidding, or any deceptive auction practices.
• Harass, defraud, or harm other users or Corp Surplus.
• Attempt to access, reverse-engineer, or disrupt the Platform's infrastructure or security.
• Use automated bots, scrapers, or other non-human means to access the Platform without our prior written consent.
• Violate any third-party intellectual property rights.

Corp Surplus reserves the right to remove any listing that violates these rules without notice.

5. Transactions — Buyers and Sellers

Corp Surplus provides the marketplace infrastructure but is not a party to transactions between Buyers and Sellers. Each transaction is a direct agreement between the Buyer and Seller, and Corp Surplus makes no representations or warranties regarding the quality, safety, or legality of listed items.

• Payment: all payments are processed through Stripe. By completing a purchase, you agree to Stripe's Terms of Service. Corp Surplus does not store payment card details.
• Seller obligations: Sellers are responsible for accurate listings, fulfilment of sold items, and compliance with all applicable laws (including consumer protection and export laws where relevant).
• Buyer obligations: Buyers agree to pay for items won in auction or purchased at fixed price, and to communicate in good faith with Sellers regarding collection or delivery.
• Disputes: Corp Surplus may assist in mediating disputes between Buyers and Sellers at its discretion but is under no obligation to do so.

6. Fees

Access to and use of the Platform is subject to the following fees:

• Subscription fee: a recurring fee for platform access [see current pricing at corpsurplus.com/pricing].
• Transaction fee: a percentage fee applied to each completed transaction processed through the Platform [see current pricing].

All fees are subject to change. Corp Surplus will provide reasonable notice of fee changes. Continued use of the Platform after fee changes take effect constitutes acceptance of the new fees.

7. Intellectual Property

Platform: Corp Surplus owns all rights, title, and interest in the Platform, including its software, design, trade marks, and content created by Corp Surplus. Nothing in these Terms transfers ownership of the Platform to you.

Your content: you retain ownership of all inventory listings, images, and other content you submit to the Platform ("User Content"). By submitting User Content, you grant Corp Surplus a non-exclusive, worldwide, royalty-free licence to display, reproduce, and distribute your User Content solely for the purpose of operating and promoting the Platform.

You represent that you have the right to grant the above licence and that your User Content does not infringe any third-party rights.

8. Limitation of Liability

To the fullest extent permitted by applicable law:

• The Platform is provided "as is" and "as available" without warranties of any kind, express or implied, including warranties of merchantability, fitness for a particular purpose, or non-infringement.
• Corp Surplus shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to your use of the Platform, including loss of profits, data, or business opportunities.
• Corp Surplus's total aggregate liability to you for any claim arising under these Terms shall not exceed the greater of (a) the fees you paid to Corp Surplus in the 12 months preceding the claim, or (b) USD $100.

Some jurisdictions do not allow the exclusion of certain warranties or limitation of liability for consequential damages; in such jurisdictions, our liability is limited to the maximum extent permitted by law.

9. Indemnification

You agree to indemnify, defend, and hold harmless Corp Surplus and its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising out of or related to: (a) your use of the Platform; (b) your User Content; (c) your violation of these Terms; or (d) your violation of any rights of a third party.

10. Termination

Corp Surplus may suspend or terminate your account and access to the Platform at any time, with or without notice, if:

• You violate these Terms or our Acceptable Use policy.
• We are required to do so by law or court order.
• We determine that your continued access poses a risk to the Platform or other users.

You may terminate your account at any time by contacting support@corpsurplus.com. Termination does not entitle you to a refund of any prepaid fees except where required by applicable law.

Sections 7, 8, 9, 11, and 12 survive termination of these Terms.

11. Governing Law & Dispute Resolution

These Terms are governed by and construed in accordance with the laws of [Jurisdiction TBD], without regard to its conflict of law principles.

Any dispute arising out of or in connection with these Terms shall first be attempted to be resolved through good-faith negotiation. If negotiation fails, disputes shall be submitted to the exclusive jurisdiction of the courts of [Jurisdiction TBD].

12. General

• Entire agreement: these Terms, together with our Privacy Policy, constitute the entire agreement between you and Corp Surplus regarding the Platform.
• Severability: if any provision of these Terms is found to be unenforceable, that provision will be modified to the minimum extent necessary to make it enforceable, and the remaining provisions will continue in full force.
• Waiver: our failure to enforce any right or provision of these Terms will not be considered a waiver of that right or provision.
• Assignment: you may not assign your rights or obligations under these Terms without our prior written consent. Corp Surplus may assign these Terms without restriction.
• Changes: we reserve the right to modify these Terms at any time. We will post the updated Terms on this page and update the "Last updated" date. Your continued use of the Platform after changes become effective constitutes acceptance.

13. Contact Us

For questions about these Terms, please contact:

• Email: support@corpsurplus.com
• Website: corpsurplus.com