Terms of Service
The terms that govern your use of the Nowexo platform and our inventory brokerage services.
Effective Date: 10 May 2025
Company: Nowexo Limited
These Terms of Service ("Terms") govern your use of Nowexo's services, including buyer sourcing, deal negotiation, and end-to-end management of inventory sales ("Services"). By using Nowexo, you ("User") agree to these Terms.
Nowexo is an inventory brokerage. We help businesses sell inventory by sourcing qualified buyers, negotiating on the User's behalf, and managing the transaction through to completion. This includes, but is not limited to:
• Buyer sourcing and outreach
• Deal negotiation on the User's behalf
• End-to-end management of the transaction
• Fulfilment coordination, and where applicable insurance and financing arrangements
• Communication of offers, terms, and next steps
Nowexo connects Users with independent third-party buyers. Final purchase decisions, terms, and payment are agreed between the User and the buyer.
While Nowexo uses commercially reasonable efforts to source buyers and close inventory deals:
• A sale is not guaranteed
• Results depend on the inventory, market conditions, pricing, and buyer demand
• Not all inventory will sell, and timelines vary by deal
Nowexo works on a no-fit, no-fee basis.
• The User pays no upfront fee and no retainer to Nowexo
• Nowexo is paid a fee only once a deal closes, as agreed with the User
• The User is responsible for any taxes, duties, or third-party costs related to the sale
The User agrees to:
• Provide accurate and complete information about the inventory offered for sale
• Have the right to sell the inventory and ensure it is free of undisclosed claims or encumbrances
• Submit truthful documentation when requested (specifications, photos, manifests, certificates, etc.)
• Cooperate reasonably to complete agreed transactions
• Comply with applicable laws and honor agreements entered into with buyers
The User remains responsible for their own decisions and any agreements they accept with buyers.
Nowexo connects Users with independent buyers. However:
• Nowexo does not control buyers or guarantee their conduct
• Final terms and payment are agreed between the User and the buyer
• Nowexo is not liable for a buyer's actions, refusals, or failure to perform
• Any sale agreement is solely between the User and the buyer
Nowexo will:
• Treat all User data as confidential
• Use data solely to source buyers and complete the transaction
• Share data only with the buyers and partners necessary to close the deal
• Maintain appropriate security measures
Nowexo does not sell User data and does not broadcast User information across the wider market.
All methodologies, processes, buyer networks, and materials used by Nowexo remain its intellectual property. Users are granted a limited right to use deliverables provided in the course of a transaction for their own business purposes.
To the maximum extent permitted by law:
• Nowexo shall not be liable for indirect, incidental, or consequential damages
• Nowexo is not liable for the terms, performance, or actions of any buyer
• Total liability shall not exceed any fees paid to Nowexo in connection with the relevant transaction
Nowexo is a brokerage, not a law firm or financial adviser. We do not provide legal, tax, accounting, or financial advice. Information shared through the Nowexo platform is for informational purposes only.
You may stop using Nowexo at any time. Nowexo may terminate or restrict access to the Services at its discretion, in accordance with applicable law.
Users agree to act in good faith and comply with all applicable laws and regulations.
These Terms are governed by the laws of England and Wales.
Nowexo may update these Terms from time to time. Continued use of the Services constitutes acceptance of updated Terms.
By using Nowexo, you acknowledge that you have read, understood, and agreed to these Terms.
