Legal Terms & Conditions
Asset Purchase and Repurchase Agreement Terms
IMPORTANT LEGAL NOTICE
This is NOT a loan transaction. Vaultly purchases your asset with full title transfer. You have an optional right to repurchase but NO OBLIGATION to do so. Failure to repurchase results in no debt, liability, or impact to your credit.
Absolute Sale with Repurchase Option
Upon execution of this agreement, Seller hereby transfers full legal and equitable titleof the Asset to Vaultly Asset Holdings LLC ("Vaultly"). This constitutes a complete sale transaction, not a loan, advance, or pawn arrangement.
Repurchase Rights
Seller receives an exclusive repurchase option personal to Seller, whichexpires automatically ninety (90) days from the sale date. This option cannot be assigned, transferred, or extended beyond the stated deadline.
✓ Complete title transfer upon sale
✓ Fixed repurchase price set on day one
✓ No personal liability if option expires
✓ No credit reporting or debt collections
Purchase Price
Vaultly will purchase your asset for the agreed purchase price, paid immediately via wire transfer upon receipt and authentication of the asset.
Repurchase Price - Fixed Dollar Amount
The repurchase price is a fixed dollar amount determined at the time of sale, representing the fair market premium for the repurchase option. This is not interestand is not calculated as an annual percentage rate.
| Purchase Amount | Repurchase Premium | Term |
|---|---|---|
| $500 - $999 | +$150 - $200 | 90 days |
| $1,000 - $2,499 | +$200 - $400 | 90 days |
| $2,500 - $4,999 | +$400 - $750 | 90 days |
| $5,000+ | Custom pricing | 90 days |
SELLER HAS NO OBLIGATION TO REPURCHASE
- Failure to exercise repurchase option creates NO DEBT
- No collections activity will be initiated
- No credit reporting of any kind
- No personal liability beyond the asset sold
- Seller may walk away at any time with no consequences
Vaultly Assumes Full Market Risk
Upon expiration of the repurchase deadline, Vaultly assumes 100% of market riskfor the asset. Seller waives any claim to appreciation or depreciation in asset value after the deadline expires.
Asset Care and Insurance
Vaultly will store the asset in a secure, insured facility and maintain appropriate insurance coverage. Asset condition is guaranteed to be maintained during the repurchase period.
Licensed Operations
Vaultly operates as a licensed second-hand dealer in compliance with state regulations. All transactions are reported to local law enforcement via LeadsOnline or equivalent systems within 24 hours as required by law.
Know Your Customer (KYC) Requirements
All sellers must provide valid government-issued photo identification. Identity verification and OFAC screening will be conducted prior to any transaction. Suspicious transactions will be reported to appropriate authorities.
Licensed Operations in: Texas, Florida, Georgia, Arizona, Utah, Alabama, South Carolina, Colorado, Nevada
This agreement shall be governed by the laws of the State of Texas, without regard to conflict of law principles. Any disputes shall be resolved in the state or federal courts located in Harris County, Texas. Seller consents to personal jurisdiction in Texas courts.
Vaultly Asset Holdings LLC
1234 Asset Boulevard
Houston, TX 77002
Phone: (555) 123-VAULT
Email: legal@vaultly.com
Business Hours
Monday - Friday: 9:00 AM - 6:00 PM CST
Saturday: 10:00 AM - 4:00 PM CST
Sunday: Closed
Emergency: (555) 123-HELP
Last Updated: January 15, 2024 | Version 2.1
These terms constitute the complete agreement between parties and supersede all prior negotiations.