Risk Disclaimer

You shall be subject to disclaimers (available by hyperlink) that made by Bank of Bullion, and to the other disclaimers contained in this user agreement and other policies applied by Bank of Bullion, which we encourage you to access and to read carefully. As well as, you represent and warrant to Bank of Bullion that you have sufficient experience and knowledge take decisions regarding purchases from us. You also expressly acknowledge that you are solely making all your own decisions with regard to purchases and / or sales, while Bank of Bullion does not make any recommendation about such purchases and / or sales. As well you expressly acknowledge that Bank of Bullion shall not bear any liability or responsibility with in respect of those risks, for which you have the sole responsibility. Those risks including but not limited to risks associated with products’ price volatility, particularly precious metals. Under certain market or other conditions (referred to technology or other disruptions), you may not be able to liquidate the purchased products or, liquidate the purchased products at prices acceptable to you.

Risks

Coins and bullions investments are not exempted from all investments involving risks. As the value of bullion coin is affected by many economic factors, including but not limited to bullion current market price and coins perceived scarcity and other factors. Other factors may include quality, current demand and general market sentiment. On the light of the aforementioned, bullion and coins can go down as well as up in value, therefore, their investments are not suitable for everyone. And since all investments, including bullion and coins, can decline in value, then you has to be very aware and understand them, and to have adequate cash reserves and disposable income before considering a bullion or coin investment.

Indemnification

You shall indemnify Bank of Bullion and its affiliates, directors, officers and stakeholders and hold them harmless from and against any or all costs, damages, expenses, liabilities or obligations, including but not limited to reasonable attorneys’ fees, that you may result out of, or in connection with

• Any breach of any representation or warranty you made to Bank of Bullion; or
• Any failure from your side in conformity with this agreement or policies adopted by us.

Liability limitation

You are subject to the limitations of liability contained in this User Agreement, the Disclaimer and other policies applied by Bank of Bullion . Notwithstanding such limitations of liability, In the event that Bank of Bullion is determined to be liable to you in connection with any transaction between Bank of Bullion and you pursuant to this User Agreement, the liability of Bank of Bullion to you shall be limited to the greater of

• The amount, if any, that you paid in such transaction or
• US$100

Otherwise and in any event, Bank of Bullion shall not be liable for any consequential, exemplary or indirect damages.

Privacy

Privacy Policy (Available by Hyperlink) is adopted by Bank of Bullion, which you are encouraged to access and to read carefully.

Other policies

The Disclaimer, the Privacy Policy and the Ordering Policy and Procedures has been adopted by Bank of Bullion and it shall has the right, adopt other policies from time to time in respect of the website and your use of the website, as well as purchases from, and sales to, Bank of Bullion. All of these policies may be amended or terminated, at any time and from time to time, by Bank of Bullion and such amendments and such terminations will take effect when posted on the website. You shall be subject to such policies, with which you hereby agree to comply upon purchasing from, making sales to or ordering from Bank of Bullion, whether by telephone, via website or otherwise.

Termination

Either Bank of Bullion or you may terminate this User Agreement, with or without cause, at any time by written notice to the other party. The termination of this User Agreement shall not affect the rights and the obligations of Bank of Bullion and you with respect to the period prior to the termination.

Default Rights & Remedies

In case if you fail to fulfill your obligations toward Bank of Bullion, Bank of Bullion shall have all rights and remedies, pertained to it by law, equity or otherwise, including but not limited to the rights and remedies under this User Agreement to refer your account to a collection agency or a lawyer for collection. Nevertheless, the delay or failure on Bank of Bullion part in exercising any of its rights remedies shall constitute as a waiver of that right or that remedy and no single or partial exercise by Bank of Bullion of any right or any remedy shall preclude other or further exercise of that right or that remedy or the exercise of any other right or any other remedy.

Our Market Loss Policy (Ask to ask policy)

When purchasing from Bank of Bullion, once we have issued a confirmation number, the price is locked in for you and canceling transaction after that will make you liable for whatever loss happens due to market fluctuation. Any deficit between the price at which we sold to you and the current market spot price, is your responsibility only if your item(s) is cancelled or returned. That amount will be charged to you, plus a 5% of the transaction amount as cancellation fee. That is our Market Loss Policy. Any market gain on cancellations shall remain the property of Bank of Bullion. In addition to the other rights and remedies available to Bank of Bullion, in the event of any failure by you to comply with this User Agreement, Bank of Bullion may, without limiting its other rights and remedies, suspend or terminate your account. The suspension or termination of your account shall not affect your obligations under this User Agreement and the Ordering Policy and Procedures.

Costs & Expenses of Collections

In case if Bank of Bullion decided to take any action against you to enforce your obligations under this User Agreement, including but not limited to turning your account to a collection agency or a lawyer for collection, you shall pay all of the costs and the expenses incurred by Bank of Bullion, including, but not limited to the reasonable attorneys’ fees, in connection with such action.

Choice of Law

If any disputes arise between the two parties in respect of your use of this website, such disputes shall be resolved according to the laws and regulation applied in the United Arab Emirates.

User Communications

Any message you send to us via email, post, letter, voice mail or other transmission relating to your use of this site, other than an actual order of merchandise, shall be and remain Bank of Bullion’s property, and we shall not be limited or restricted in any way in its use, promotional, commercial or otherwise. However, we will not use your full name in any such promotional use without your permission. You also agree that no such messages will violate the rights of any third party or contain any libelous or otherwise unlawful materials. We save certain messages and emails on file for promotional and marketing purposes, but we are not required to and do not retain every such message.

Legal Notices

Under no circumstances shall Bank of Bullion be liable for any indirect, special, incidental or consequential damages of any kind, regardless the form of action, whether in contract, damage (including negligence), strict product liability or otherwise, even if we have been advised regarding the possibility of such damages. If you have any questions, please do not hesitate to contact one of our diamond and Jewelry consultants via our email info@bankofbullion.com

Amendments

Bank of Bullion may amend this User Agreement at any time by posting the amended terms on the website. Except as otherwise provided in the User Agreement, the amended terms will become effective automatically 30 days after their initial posting on the website. This User Agreement may not be otherwise amended except by written agreement between Bank of Bullion and you.

Entire Agreement

This User Agreement sets forth the entire understanding between Bank of Bullion and you with respect to the subject matter of this User Agreement. If you have any questions with respect to this User Agreement or your rights and your obligations under this User Agreement, send your questions via email to our email address info@bankofbullion.com