TERMS & CONDITIONS OF SALE

Physical Ownership And Semen Interests

All bulls auctioned by Te Mania Angus are sold according to the following Terms and Conditions

1. The bull becomes the physical property of the buyer/s.

2. Semen collected from the bull must only be used within the herds (Maximum of 4 herds) nominated on the Buyer Registration Slip prior to the auction. Semen cannot be sold, transferred or provided to any third-party without the prior consent of Te Mania Angus.

3. The purchase of the bull gives the buyer/s licence to use the Te Mania Angus name and associated intellectual property to advertise progeny associated with insemination from the bull within the buyer’s herd (licence).

4. If the buyer/s breach/es any of these Terms and Conditions of Sale, Te Mania Angus may revoke the licence immediately. Insemination of an animal in a herd not nominated on the Buyer Registration, is a breach of the licence.

5. Te Mania Angus retains the exclusive right to collect semen from the bull at a future date for the purpose of semen production and cloning. Semen would be collected at Te Mania Angus’ expense and at a time suitable to the purchaser.

6. If the bull is re-sold by the buyer/s at a later date, these Terms and Conditions will carry forward. The buyer can only transfer the bull if the subsequent purchaser accepts these Conditions.