By Order of Secured Party
Tuesday, March 6
5:00 pm (EST)
For More Information, Contact Andy Babcock at 212-315-0764, ext. 2305 or Email at email@example.com
Right, Title & Interest in the Yak Pak trade name, trademark and associated intellectual property. At this time, inventory is not included in the sale, nor is any fixed assets associated with the operating entity of the brand. Check back for more information.
Yak Pak is a New York-based bag company that manufactures fashionable, innovative, high quality backpacks, messenger bags and other related products. The company was started out of a college dorm room with the vision that there was an opportunity to bring fashion and innovation to the backpack category. A bag isn’t just something you carry, it’s something you wear.
Over the years, Yak Pak has made many revolutionizing designs in the bag industry including the first micro and mini backpacks, DJ bags, origami bags, cross body shoulder bags, etc. Most recently, Yak Pak has pioneered the trend in bringing fashionable prints to the backpack market thus shifting the industry away from stodgy, solid colors. This open minded approach to product design has translated to a spirit of freedom and independence that resonates in the Yak Pak brand.
Today, Yak Paks are sold at great retailers across the United States and Canada in stores ranging from independent specialty stores and department stores to college bookstores, sporting goods retailers, and many others. Yak Pak sponsors numerous music events and charity functions throughout the year and Yak Pak products are regularly featured in film, magazines, on television, and in on line editorials. From the company’s headquarters located in the famous Empire State Building in New York City, the Yak Pak staff continues to approach product design with the same principles of creativity and innovation on which the company was founded.
Terms and property inclusions are subject to change.
Certain confidential and proprietary information will not be provided until Tiger is in receipt of the required Registration Form and an executed Non-Disclosure Agreement.
Bid Package will be forwarded to you upon completion and receipt of the Registration Form and Non-Disclosure Agreement.
Auctioneer has made efforts to identify and marshal all material files to support the Trade Name being offered (“Support Documentation”). Information will be made available online subject to Auctioneer's receipt of the Registration Form and Non-Disclosure Agreement
Deadline for submission of all Bid is Tuesday, March 6 at 5pm (EST) and must be submitted using the bid form provided and must be accompanied by a deposit as provided for in the bid package. Deposits are accepted by cashier's check or wire transfer and will be refunded within 72 hours to unsuccessful bidders.
In the event the Auctioneer receives more than one Qualified Bid, for any individual lot or combination of lots, which, in the Auctioneer’s sole discretion, are comparable, or contain offers that are within ten (10%) percent of each other (the “Comparable Bids”), the Auctioneer reserves the right to convert the Sealed Bid Offering to a Live Bid Auction by teleconference between the parties with Comparable Bids. The Live Bid Teleconference will be conducted on March 9, 2012 at 2pm (EST). The high bid sealed bid will be the opening bid in the Live Auction.
Successful bidder(s) must deliver to Auctioneer payment of the balance in full within 24 hours following conclusion of the Live Bid Teleconference. All payments are payable to Tiger Remarketing Services, via certified funds, wire transfer or a Company check accompanied by a letter from a bank guaranteeing the payment (contact Auctioneer for wire transfer information or approved bank letter of guarantee language).
DEPOSITS: 25% of bid amount.
PAYMENT DEADLINE:. Successful bidder(s) must deliver to Auctioneer payment of the balance in full by 1:00 pm on Wednesday, March 7, 2012 (the “Closing Deadline”).
PAYMENT FORMS: All payments are payable to Tiger Remarketing Services, via certified funds, wire transfer or a Company check accompanied by a letter from a bank guaranteeing the payment (contact Auctioneer for wire transfer information or approved bank letter of guarantee language).
BID PROCESS: Tiger reserves the right to award bids based on what they determine to be the highest and best combination of bids and/or to reject any bids and hold product to be sold at a followup live auction in lots determined by Tiger. Further, in the event multiple bidders are within approx. 10% of each others' bid price, Tiger may open a live auction between the parties.
DELIVERY: Tiger is conveying the Secured Creditor's and the Company's Rights, Title and Interest in the Intellectual Property Described. All information provided by Tiger has been provided solely for bidder convenience, with no representations or guarantees as to the accuracy, completeness, availability, exclusivity or non-exclusive rights to use the Intellectual Property. Tiger will make its best efforts to deliver available support documentation for the Intellectual Property; however, buyer is purchasing with the understanding that it shall be solely responsible for any costs associated with the transfer of or enforcement of the rights being transferred to Buyer.
ALL SALES ARE FINAL: All items are sold “as-is, where-is” with no guarantees or representations. All Sales Are Final.