Octaned (“Octaned”, “we”, “us”) operates an online marketplace at octaned.us where sellers list gas stations and convenience stores for sale and prospective buyers review those listings under non-disclosure agreements. By creating an account or using the site you agree to these Terms & Conditions.
1. Eligibility & accounts
You must be at least 18 years old and able to enter into a binding contract under the law of your jurisdiction. You agree to provide accurate information when registering, to keep your password secure, and to be responsible for everything done under your account.
We may refuse, suspend, or terminate accounts that violate these terms, post misleading information, or otherwise harm the marketplace.
2. The role of Octaned
Octaned is a venue. We do not own, operate, broker, appraise, or underwrite the businesses listed on the platform. Listings are posted by sellers, and any sale is a transaction between buyer and seller. Octaned is not a real-estate broker, business broker, attorney, accountant, or financial adviser, and nothing on the platform is legal, tax, or investment advice.
3. Listings
3.1 Seller responsibilities
Sellers represent and warrant that:
- they are authorized to list and sell the business;
- all information they post — photos, asking price, financials, tax returns, fuel volumes, and UST or environmental disclosures — is accurate, current, and not misleading;
- they own or have the rights to any documents and images they upload;
- they will keep the listing reasonably up to date and will mark it sold, paused, or withdrawn when appropriate.
3.2 Discretionary review
Octaned may, but is not obligated to, review listings before or after they go live. We may remove or hide listings that appear inaccurate, non-compliant, fraudulent, or otherwise inappropriate. Removing a listing does not entitle the seller to a refund of the listing fee beyond what is described in our Refund Policy.
4. Buyer obligations & the NDA
Public listing pages show photos, location, asking price, and a general description. Detailed financial documents are gated behind a per-listing non-disclosure agreement.
By signing the NDA you agree to:
- treat the gated documents as strictly confidential and use them only to evaluate the potential acquisition;
- not redistribute, publish, screenshot, or republish those documents;
- not use them to compete unfairly with the seller or to solicit the seller's employees, customers, or suppliers; and
- comply with any additional terms that the per-listing NDA imposes.
The NDA is a legal agreement between buyer and seller. Octaned provides the template and the e-signature record but is not a party to it.
5. Fees
Sellers pay a one-time fee of $50 USD to publish a listing. There are no recurring charges, no commissions on sale, and no buyer-side fees. Fees are charged via a third-party payment processor; Octaned does not store full card details.
Refunds are governed by our Refund Policy.
6. Closing room
After an LOI is accepted, buyer and seller may invite their closers — brokers, attorneys, accountants — into a shared workspace. Octaned records messages, tasks, and document access for the parties' own audit purposes. You are responsible for what is shared in that workspace.
7. No warranty; AS-IS
The platform and all listings are provided as is and without warranty of any kind, express or implied, including merchantability, fitness for a particular purpose, accuracy, or non-infringement. Buyers must independently verify all financial, environmental, regulatory, and operational information before completing a purchase.
8. Limitation of liability
To the maximum extent permitted by law, Octaned's total liability arising out of or relating to these terms or your use of the platform is limited to the greater of $50 USD or the listing fees you paid in the twelve months preceding the claim. Octaned is not liable for indirect, consequential, special, incidental, or punitive damages, including lost profits, lost business opportunities, or environmental remediation costs.
9. Indemnification
You agree to indemnify and hold harmless Octaned, its officers, employees, and contractors from any claim, loss, or expense arising from your listings, your use of the platform, or your breach of these terms or any NDA you sign.
10. Intellectual property
The Octaned name, logo, design system, and software are owned by Octaned. You retain ownership of content you upload, but grant us a non-exclusive, worldwide, royalty-free licence to host, display, and process that content for purposes of operating the platform.
11. Acceptable use
You agree not to: post unlawful or fraudulent listings; circumvent the NDA gate by extracting documents through automated means; harvest user data; harass other users; reverse-engineer the platform; or use the platform to solicit users for unrelated commercial purposes.
12. Changes to these terms
We may update these terms from time to time. Material changes will be posted on this page with a new “Last updated” date. Continued use after the change means you accept the updated terms.
13. Governing law
These terms are governed by the laws of the State of Delaware, United States, without regard to conflict-of-law rules. Any dispute will be resolved in the state or federal courts located in Delaware, and you consent to that jurisdiction.
14. Contact
Questions about these terms? Reach us at legal@octaned.us.