STANDARD TERMS AND CONDITIONS
DIAMOND TRADING PLATFORM LIMITED T/A DIAMNET
The Customer's attention is particularly drawn to the provisions of clause 14 (Limitation of liability).
Data Protection Legislation: the UK Data Protection Legislation andany other European Union legislation relating to personal data and all other legislation and regulatory requirements in force from time to time which apply to a party relating to the use of personal data (including, without limitation, the privacy of electronic communications).
Deliverables: deliverables set out in the Order produced by the Supplier for the Customer.
Intellectual Property Rights: patents, rights to inventions, copyright and neighbouring and related rights, moral rights, trademarks and service marks, business names and domain names, rights in get-up, goodwill and the right to sue for passing off or unfair competition, rights in designs, rights in computer software, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how and trade secrets), and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.
Order: the Customer's order for the supply of Goods and/or Services, as set out in the Supplier’s order form and/or an order placed online by a Customer and/or an order placed verbally by a Customer.
UK Data Protection Legislation: all applicable data protection and privacy legislation in force from time to time in the UK including the General Data Protection Regulation ((EU) 2016/679); the Data Protection Act 2018; the Privacy and Electronic Communications Directive (2002/58/EC) (as updated by Directive 2009/136/EC) and the Privacy and Electronic Communications Regulations 2003 (SI 2003/2426) as amended.
(c) A reference to a statute or statutory provision is a reference to it as amended or re-enacted. A reference to a statute or statutory provision includes all subordinate legislation made under that statute or statutory provision.
(d) Any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms.
2.2 As to the supply of services, the Order shall only be deemed to be accepted when the Customer signs the Supplier’s Order at which point and on which date the Contract shall come into existence. The Contract commencement date is the date that the services go-live (Service Commencement Date).
2.3 The Contract for services will run for a minimum term of 12 months from the Service Commencement Date (Contract Term) and will be auto-renewed for a further 12 months at the end of the Contract Term an on each anniversary thereafter unless terminated in accordance with clause 14.
2.4 Any samples, drawings, descriptive matter or advertising issued by the Supplier and any descriptions of the Goods or illustrations or descriptions of the Services contained in the Supplier's catalogues or brochures are issued or published for the sole purpose of giving an approximate idea of the Services and/or Goods described in them. They shall not form part of the Contract or have any contractual force.
3.2 The Customer shall indemnify the Supplier against all liabilities, costs, expenses, damages and losses (including any direct, indirect or consequential losses, loss of profit, loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other professional costs and expenses) suffered or incurred by the Supplier arising out of or in connection with any claim made against the Supplier for actual or alleged infringement of a third party's intellectual property rights arising out of or in connection with the Supplier's use of the Goods Specification. This clause 3.2 shall survive termination of the Contract.
3.3 The Supplier reserves the right to amend the Goods Specification or Order if required by any applicable statutory or regulatory requirement, and the Supplier shall notify the Customer in any such event.
3.4 In the case of Goods which are made and supplied to the Customer’s specification or which have been personalised for the Customer, the Customer’s right to cancel or amend the Order is at the absolute discretion of the Supplier.
4.1 The Supplier shall ensure that each delivery of the Goods is accompanied by an invoice or an approval note which shows the date of the Order, relevant Customer and Supplier reference numbers, the type and quantity of the Goods and any special storage instructions (if any).
4.2 The Supplier shall deliver the Goods to the location set out in the Order or such other location as the parties may agree at any time after the Supplier notifies the Customer that the Goods are ready. Alternatively, the Customer shall collect the Goods from the Supplier's premises at London Diamond Bourse, 100 Hatton Garden, London, EC1N 8NX or such other location as may be agreed with the Customer before delivery (Delivery Location) within three Business Days of the Supplier notifying the Customer that the Goods are ready.
4.3 Any dates quoted for delivery of the Goods are approximate only, and the time of delivery is not of the essence. The Supplier shall not be liable for any delay in delivery of the Goods that is caused by a Force Majeure Event or the Customer's failure to provide the Supplier with adequate delivery instructions or any other instructions that are relevant to the supply of the Goods.
4.4 If the Customer fails to take or accept delivery of the Goods within three Business Days of the Supplier notifying the Customer that the Goods are ready, then except where such failure or delay is caused by a Force Majeure Event or by the Supplier's failure to comply with its obligations under the Contract in respect of the Goods:
4.5 If ten Business Days after the day on which the Supplier notified the Customer that the Goods were ready for delivery the Customer has not taken or accepted delivery of them, the Supplier may resell or otherwise dispose of part or all of the Goods and, after deducting reasonable storage and selling costs, account to the Customer for any excess over the price of the Goods or charge the Customer for any shortfall below the price of the Goods.
4.6 The Supplier may deliver the Goods by instalments, which shall be invoiced and paid for separately. Each instalment shall constitute a separate contract. Any delay in delivery or defect in an instalment shall not entitle the Customer to cancel any other instalment.
5.5 The Goods listed by the Supplier are supplied by its supplier partners and the list of Goods is live linked to suppliers stock. The Supplier will, immediately upon receiving an order from the Customer, order the Goods from the supplier partner and if the particular item is not available the Supplier will, where possible, suggest an alternative item to the Customer, without any personal liability whatsoever.
(a) the Supplier receives payment in full (in cash or cleared funds) for the Goods and any other goods that the Supplier has supplied to the Customer in respect of which payment has become due, in which case title to the Goods shall pass at the time of payment of all such sums; and
6.4 Subject to clause 6.5, the Customer may resell or use the Goods in the ordinary course of its business (but not otherwise) before the Supplier receives payment for the Goods. However, if the Customer resells the Goods before that time:
6.5 If before title to the Goods passes to the Customer the Customer becomes subject to any of the events listed in clause 15.2.2 to clause 15.2.4, then, without limiting any other right or remedy the Supplier may have:
7.3 The Supplier reserves the right to amend the Order if necessary to comply with any applicable law or regulatory requirement, or if the amendment will not materially affect the nature or quality of the Services, and the Supplier shall notify the Customer in any such event.
7.5 The Supplier may, if requested by the Customer, provide on the Customer’s website a link to V12 retail financing to enable the Customer to offer interest-bearing and interest-free credit to its own customers. The Supplier’s responsibility is limited only to providing the link. Any contract for finance will be between the Customer and V12.
7.6 The Supplier will provide on the Customer’s website a link to Sage Pay to enable the Customer’s customers to make payment. The Supplier’s liability is limited only to providing the link. Any contract for the gateway is between the Customer and Sage Pay.
(a) co-operate with the Supplier in all matters relating to the Services including but not limited to customisation of the online showroom, and ensure that such information is complete and accurate in all material respects;
(c) provide its own terms and conditions to govern the contractual relationship between the Customer and its own customers and the Supplier is not responsible or liable for the content of those terms and conditions.
8.2 If the Supplier's performance of any of its obligations under the Contract is prevented or delayed by any act or omission by the Customer or failure by the Customer to perform any relevant obligation (Customer Default):
(a) without limiting or affecting any other right or remedy available to it, the Supplier shall have the right to suspend performance of the Services until the Customer remedies the Customer Default, and to rely on the Customer Default to relieve it from the performance of any of its obligations in each case to the extent the Customer Default prevents or delays the Supplier's performance of any of its obligations;
(b) the Supplier shall not be liable for any costs or losses sustained or incurred by the Customer arising directly or indirectly from the Supplier's failure or delay to perform any of its obligations as set out in this clause (b); and
(a) the charges shall be payable monthly or annually as set out in the Order or the first invoice issued by the Supplier to the Customer under the Contract and the Customer will be charged for a minimum of 12 months from the Service Commencement Date and from any subsequent anniversary;
(b) the Supplier shall be entitled to charge the Customer for any expenses reasonably incurred by the individuals whom the Supplier engages in connection with the Services and for the cost of services provided by third parties and required by the Supplier for the performance of the Services, and for the cost of any materials.
(a) increase the charges for the Services on an annual basis with effect from each anniversary of the Service Commencement Date in the preceding 12-month period and the first such increase shall take effect on the first anniversary of the Service Commencement Date;
(iii) any delay caused by any instructions of the Customer in respect of the Goods or failure of the Customer to give the Supplier adequate or accurate information or instructions in respect of the Goods.
9.4 In respect of Goods, the Supplier shall invoice the Customer on or at any time after completion of delivery. In respect of Services, the Supplier shall invoice the Customer monthly in advance if the Customer is paying the Charges monthly. If the Customer is paying annually the Supplier shall invoice the Customer for the full year on or before the Service Commencement Date.
time for payment shall be of the essence of the Contract.
9.6 If the Customer fails to make a payment due to the Supplier under the Contract by the due date, then, without limiting the Supplier's remedies under clause 15 (Termination), the Customer shall pay interest on the overdue sum from the due date until payment of the overdue sum, whether before or after judgment. Interest under this clause 9.6 will accrue each day at 4% a year above the Bank of England's base rate from time to time, but at 4% a year for any period when that base rate is below 0%.
10.1 If Goods are supplied on an Approbation basis the following shall apply:
10.1.1 The Customer must inform the Supplier immediately upon the sale of any Goods supplied on Approbation and no less than 3 days from the date of sale of the Goods. If the Customer fails to inform the Supplier within 3 days then any Goods sold must be paid for immediately upon receipt of an invoice from the Supplier.
10.1.2 Any Goods supplied on Approbation must be returned to the Supplier upon request by the Supplier. The Customer can request to retain Goods for a longer period if agreed with the Supplier in writing.
10.1.3 Any Goods must be returned to the Supplier in the same condition in which they were supplied and failure to do so may result in a claim by the Supplier for losses incurred.
10.1.4 The Supplier is entitled to inspect any Goods supplied on Approbation by giving the Customer 1 Business Days’ notice.
10.1.5 The Customer shall indemnify the Supplier against all liabilities, costs, expenses, damages and losses (including any direct, indirect or consequential losses, loss of profit, loss of reputation and all interest, penalties and legal and other professional costs and expenses) suffered or incurred by the Supplier in connection with any actions of a Third Party whilst Goods are in the possession of the Customer.
10.1.6 The Customer must have sufficient insurance in place to cover the value of the Goods at all times.
10.1.7 Upon termination of this Contract, Goods supplied on Approbation must be immediately returned to the Supplier and cannot be sold by the Customer without the express written consent of the Supplier.
10.1.8 The risk in the Goods supplied on Approbation shall pass to the Customer on completion of delivery or collection.
10.1.9 Title to the Goods supplied on Approbation shall not pass to the Customer until the earlier of:
10.1.9.1 the Supplier receives payment in full (in cash or cleared funds) for the Goods and any other goods that the Supplier has supplied to the Customer in respect of which payment has become due, in which case title to the Goods shall pass at the time of payment of all such sums; and
10.1.9.2 the Customer resells the Goods, in which case title to the Goods shall pass to the Customer at the time specified in Clause 8.1.11.
10.1.10 Until title to the Goods has passed to the Customer, the Customer shall:
10.1.10.1 store the Goods separately from all other goods held by the Customer so that they remain readily identifiable as the Supplier's property;
10.1.10.2 not remove, deface or obscure any identifying mark or packaging on or relating to the Goods;
10.1.10.3 maintain the Goods in satisfactory condition and keep them insured against all risks for their full price from the date of delivery or collection;
10.1.10.4 notify the Supplier immediately if it becomes subject to any of the events listed in Clause Error! Reference source not found.; and
10.1.10.5 give the Supplier such information relating to the Goods as the Supplier may require from time to time.
10.1.11 Subject to Clause 10.1.12, the Customer may resell or use the Goods in the ordinary course of its business (but not otherwise) before the Supplier receives payment for the Goods. However, if the Customer resells the Goods before that time:
10.1.11.1 it does so as principal and not as the Supplier’s agent; and
10.1.11.2 title to the Goods shall pass from the Supplier to the Customer immediately before the time at which resale by the Customer occurs.
10.1.12 If before title to the Goods passes to the Customer the Customer becomes subject to any of the events listed in Clause 9.1, then, without limiting any other right or remedy the Supplier may have:
10.1.12.1 the Customer's right to resell the Goods or use them in the ordinary course of its business ceases immediately; and
10.1.12.2 the Supplier may at any time:
10.1.12.2.1 require the Customer to deliver up all Goods in its possession that have not been resold, or irrevocably incorporated into another product; and
10.1.12.2.2 if the Customer fails to do so promptly, enter any premises of the Customer or of any third party where the Goods are stored in order to recover them.
12.1 Both parties will comply with all applicable requirements of the Data Protection Legislation. This clause 122 is in addition to, and does not relieve, remove or replace, a party's obligations or rights under the Data Protection Legislation. In this clause 122, Applicable Laws means (for so long as and to the extent that they apply to the Supplier) the law of the European Union, the law of any member state of the European Union and/or Domestic UK Law; and Domestic UK Law means the UK Data Protection Legislation and any other law that applies in the UK.
12.3 Without prejudice to the generality of clause 12.1, the Customer will ensure that it has all necessary appropriate consents and notices in place to enable lawful transfer of the personal data to the Supplier for the duration and purposes of the Contract.
12.4 Without prejudice to the generality of clause 12.1, the Supplier shall, in relation to any personal data processed in connection with the performance by the Supplier of its obligations under the Contract:
12.4.1 process that personal data only on the documented written instructions of the Customer unless the Supplier is required by Applicable Laws to otherwise process that personal data. Where the Supplier is relying on Applicable Laws as the basis for processing personal data, the Supplier shall promptly notify the Customer of this before performing the processing required by the Applicable Laws unless those Applicable Laws prohibit the Supplier from so notifying the Customer;
12.4.2 ensure that it has in place appropriate technical and organisational measures, reviewed and approved by the Customer, to protect against unauthorised or unlawful processing of personal data and against accidental loss or destruction of, or damage to, personal data, appropriate to the harm that might result from the unauthorised or unlawful processing or accidental loss, destruction or damage and the nature of the data to be protected, having regard to the state of technological development and the cost of implementing any measures (those measures may include, where appropriate, pseudonymising and encrypting personal data, ensuring confidentiality, integrity, availability and resilience of its systems and services, ensuring that availability of and access to personal data can be restored in a timely manner after an incident, and regularly assessing and evaluating the effectiveness of the technical and organisational measures adopted by it);
12.4.5 assist the Customer, at the Customer's cost, in responding to any request from a data subject and in ensuring compliance with its obligations under the Data Protection Legislation with respect to security, breach notifications, impact assessments and consultations with supervisory authorities or regulators;
12.4.7 at the written direction of the Customer, delete to the best of their abilities or return personal data and copies thereof to the Customer on termination of the Contract unless required by Applicable Law to store the personal data; and
12.4.8 maintain complete and accurate records and information to demonstrate its compliance with this clause 12 [and allow for audits by the Customer or the Customer's designated auditor] and immediately inform the Customer if, in the opinion of the Supplier, an instruction infringes the Data Protection Legislation.
12.6 Either party may, at any time on not less than 30 days' notice, revise this clause 122 by replacing it with any applicable controller to processor standard clauses or similar terms forming part of an applicable certification scheme (which shall apply when replaced by attachment to the Contract).
13.1 Each party undertakes that it shall not at any time disclose to any person any confidential information concerning the business, affairs, customers, clients or suppliers of the other party, except as permitted by clause 13.2.
13.2.1 to its employees, officers, representatives, subcontractors or advisers who need to know such information for the purposes of carrying out the party's obligations under the Contract. Each party shall ensure that its employees, officers, representatives, subcontractors or advisers to whom it discloses the other party's confidential information comply with this clause 13; and
14.1 The restrictions on liability in this clause 14 apply to every liability arising under or in connection with the Contract including liability in contract, tort (including negligence), misrepresentation, restitution or otherwise.
18.104.22.168 Losses arising from bugs in the software and downtime due to internet issues.
14.7 The Supplier has given commitments as to compliance of the Goods and Services with relevant specifications in clause 5 and clause 7. In view of these commitments, the terms implied by sections 13 to 15 of the Sale of Goods Act 1979 and sections 3, 4 and 5 of the Supply of Goods and Services Act 1982 are, to the fullest extent permitted by law, excluded from the Contract.
14.8 Unless the Customer notifies the Supplier that it intends to make a claim in respect of an event within the notice period, the Supplier shall have no liability for that event. The notice period for an event shall start on the day on which the Customer became, or ought reasonably to have become, aware of the event having occurred and shall expire 2 months from that date. The notice must be in writing and must identify the event and the grounds for the claim in reasonable detail.
15.1 Without affecting any other right or remedy available to it, either party may terminate the Contract by giving the other party not less than 2 months' written notice however in respect of Services Charges for the full 12 month contract term will be payable from the Commencement Date and on each anniversary thereafter regardless of when the Contract is terminated.
15.2.1 the other party commits a material breach of its obligations under the Contract and (if such breach is remediable) fails to remedy that breach within 14 days after receipt of notice in writing to do so;
15.2.2 the other party takes any step or action in connection with its entering administration, provisional liquidation or any composition or arrangement with its creditors (other than in relation to a solvent restructuring), being wound up (whether voluntarily or by order of the court, unless for the purpose of a solvent restructuring), having a receiver appointed to any of its assets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction;
15.2.4 the other party's financial position deteriorates to such an extent that in the terminating party's opinion the other party's capability to adequately fulfil its obligations under the Contract has been placed in jeopardy.
15.4 Without affecting any other right or remedy available to it, the Supplier may suspend the supply of Services or all further deliveries of Goods under the Contract or any other contract between the Customer and the Supplier if the Customer fails to pay any amount due under the Contract on the due date for payment, the Customer becomes subject to any of the events listed in clause 15.2.2 to clause 15.2.4, or the Supplier reasonably believes that the Customer is about to become subject to any of them.
the Customer shall immediately pay to the Supplier all of the Supplier's outstanding unpaid invoices and interest and, in respect of Services and Goods supplied but for which no invoice has been submitted, the Supplier shall submit an invoice, which shall be payable by the Customer immediately on receipt;
16.2 Termination of the Contract shall not affect any rights, remedies, obligations and liabilities of the parties that have accrued up to the date of termination, including the right to claim damages in respect of any breach of the Contract which existed at or before the date of termination.
Neither party shall be in breach of the Contract nor liable for delay in performing or failure to perform, any of its obligations under the Contract if such delay or failure result from events, circumstances or causes beyond its reasonable control (a Force Majeure Event).
18.1.2 The Customer shall not assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any of its rights and obligations under the Contract without the prior written consent of the Supplier.
22.214.171.124 delivered by hand or by pre-paid first-class post or other next working day delivery service at its registered office (if a company) or its principal place of business (in any other case); or
126.96.36.199 if sent by fax or email, at the time of transmission, or, if this time falls outside business hours in the place of receipt, when business hours resume. In this clause 188.8.131.52,business hours means 9.00am to 5.00pm Monday to Friday on a day that is not a public holiday in the place of receipt.
18.3 Severance. If any provision or part-provision of the Contract is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause 18.3 shall not affect the validity and enforceability of the rest of the Contract.
18.4 Waiver. A waiver of any right or remedy under the Contract or by law is only effective if given in writing and shall not be deemed a waiver of any subsequent right or remedy. A failure or delay by a party to exercise any right or remedy provided under the Contract or by law shall not constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict any further exercise of that or any other right or remedy. No single or partial exercise of any right or remedy provided under the Contract or by law shall prevent or restrict the further exercise of that or any other right or remedy.
18.5 No partnership or agency. Nothing in the Contract is intended to, or shall be deemed to, establish any partnership or joint venture between the parties, constitute either party the agent of the other, or authorise either party to make or enter into any commitments for or on behalf of the other party.
18.6.1 The Contract constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
18.6.2 Each party acknowledges that in entering into the Contract it does not rely on, and shall have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in the Contract. Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misrepresentation based on any statement in the Contract.
18.9 Governing law. The Contract and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by and construed in accordance with the law of England and Wales.
18.10 Jurisdiction. Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with the Contract or its subject matter or formation.
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