Sales Conditions

TERMS & CONDITIONS
Precious Metals Web Portal
www.zlatostribro.com

1. Basic Provisions

1.1. These general terms and conditions govern the sale of precious metals, namely investment gold and silver in the form of gold and silver bullion and coins (hereinafter "Terms & Conditions").

1.2. These Terms & Conditions set out the rights and obligations between Money Works s.r.o., Lobezska Street 2567/15, 326 00 Pilsen, Id.: 29065399, Tax Id.: CZ29065399, registered at the Commercial Register of the Municipal Court in Pilsen, Section C, Insert 23122 (hereinafter "Seller") and the buyer of precious metals, namely investment gold and silver in the form of gold and silver bullion and coins (hereinafter "Buyer").

1.3. These Terms & Conditions govern the legal relationships established between the Buyer who places a binding order from the web portal www.zlatostribro.com and the Seller who operates the aforementioned web portal.

1.4. Both sides have agreed that the Terms & Conditions and the placing of online orders shall be governed by Czech law, namely by Act No. 40/1964 Coll., as amended, of the "Civil Code".

2. Rights & Obligations

2.1. The process of purchase will be handled as follows:
(a) The Buyer is informed about the current price of precious metals, namely investment gold and silver in the form of gold and silver bullion and coins hereinafter "Commodities") listed on the web portal www.zlatostribro.com.

(b) Information about prices listed on the web portal www.zlatostribro.com is valid at the time of placing an order due to constant changes in prices of Commodities.

(c) In order to complete the online form and sending an electronic purchase order, the Buyer must agree with the aforementioned Terms & Conditions.

(d) The Seller sends a preliminary confirmation e-mail to the address specified by the Buyer in the electronic purchase order.

(e) The Buyer immediately receives a Credit Invoice via e-mail together with bank account details and amount to be paid to the address specified by the Buyer in the electronic purchase order.

(f) The Seller or the Seller's authorized agent may subsequently have to inform the Buyer via telephone call about further payment details and price fixing of purchase price.

(g) The final price fixing of purchase price is the date when full payment of purchase price has been credited to the bank account of the Seller. The date of credit is decisive on the Seller’s electronic bank statement. Upon receipt of full payment based on Buyer’s order, a confirmation e-mail is sent immediately to the address specified in the electronic purchase order.

(h) Due to the aforementioned constant changes in Commodity prices, the Buyer has the right to be informed about the final price fixing of purchase price once full payment of purchase price has been credited to the Seller’s bank account. The final price fixing of purchase price is indicated in the confirmation e-mail sent to the address specified by the Buyer in the electronic purchase order.

(i) The date of credit of full payment of purchase price to the Seller’s bank account is decisive for the final price fixing of purchase price which is indicated in the confirmation e-mail sent by the Seller to the address specified by the Buyer.

(j) The Seller has the right to modify, refuse, or cancel an order in case doubts arise about the accuracy of information about the Buyer in the electronic purchase order.

(k) The Buyer will be notified immediately via e-mail by the Seller of such modification, refusal, or cancellation.

(l) If the buyer does not send full payment of purchase price within 2 (two) working days from the date of order, the Seller reserves the right to modify or cancel the Buyer’s order.  The Buyer will be notified via e-mail by the Seller of such modification or cancellation.

(m) The Seller expedites the Buyer’s order within max. twenty (20) working days from receiving full payment for Commodities pertaining to the order together with a tax document, number, name of the Seller and addresses of both parties, the amount of delivered Commodities, bank details of both parties, the price of Commodities, invoiced amount, and invoice maturity.

3. Delivery and Receipt of Commodities

3.1. Dispatch and delivery of Commodities is shipped to the agreed on and binding delivery address indicated by the Buyer in the electronic purchase order.

3.2. Commodities will be delivered to the Buyer’s address which is part of the purchase order, known as the delivery address, unless stipulated otherwise. The Buyer must be present in person at the agreed on address during working days (Mondays-Fridays) from 8 am to 5 pm.  Should a change in delivery address occur, the Buyer must immediately notify the Seller in writing to that effect. Only the Buyer can assume the Commodities in person. The buyer’s signature and proof of valid Id. are required.

3.3. Commodities will be forwarded by personal delivery and signature
(a) to the Buyer’s address by a delivery carrier.

3.4. Commodities are insured to full value.

3.5. Commodities are packaged as precious metals in a security envelope.

3.6. Upon arrival, the Buyer is required to properly check the shipment and Commodities. By signing the receipt, the Buyer is in agreement with the Commodities, products, price, quality, and quantity of Commodities included in the shipment. After accepting the shipment and Commodities, the Buyer does not vest any legal or financial compensation arising from negligence on the Buyer’s part as a result of accepting the Commodities.

3.7. Ownership of purchased Commodities shall be passed to the Buyer upon receipt of Commodities.

4. Purchase Price of Commodities & Payment Conditions

4.1. The purchase price is set at the time of order.

4.2. The quantity of Commodities is based on the current price of precious metals and depends on the current price list on the day of credit of full payment of purchase price to the Seller’s bank account.

4.3. The Buyer is entitled to receive a price list of current prices from the Seller. The Sellers sends the Buyer a price list based on the Buyer’s request to Buyer’s e-mail address indicated in the purchase offer.

4.4. All payments and communication take place electronically unless specified otherwise.

4.5. The Seller may accept payment in cash on the assumption that the cash amount does not exceed EUR 15,000,- (based on the current exchange rate set by the Czech National Bank /ČNB/ on the date of cash payment).

4.6. The final purchase price includes the cost for transportation, delivery and insurance of shipment for the physical delivery of Commodities.

5. Miscellaneous

5.1. The Buyer agrees that the Seller shall process personal data relating to the Buyer, namely the Buyer’s name, birth number (Id.), date of birth, address, residence, and other relevant data needed to identify the Buyer, for the purpose of performing business related activities.

5.2. The Seller reserves the right to dispatch variable years of issue of investment gold and silver coins. The reason is that the year of issue of investment gold and silver coins does not affect the selling price.

5.3. These Terms & Conditions, if not expressly modified, are governed by general, binding legal regulations of the Czech Republic.

5.4. These Terms & Conditions are in accordance with the laws of the Czech Republic, specifically Act No. 40/1964 Coll. (Civil Code), Section 8, § 53:
"Except in cases when a money back guarantee is expressly agreed upon, a consumer can not cancel contracts pertaining to the delivery of goods or services whose prices are influenced by fluctuations of financial markets beyond the control of the suppliers."

5.5. The fineness of gold and silver investment coins is guaranteed by the respective issuing state.

5.6. These Terms & Conditions are in effect since: March 1, 2010.