Legacy Gold Ltd. (The Company), trading as Legacy Gold, is registered in England
& Wales: 09440298.
The Company owns
an online platform marketing various products and services, together with an Affiliate
Marketing programme and a Network Franchise opportunity.
Legacy Money
Ltd. is a separate company, registered
in England & Wales: 13198258, which uses the Legacy Gold platform to
promote a range of products and services offered by third party suppliers, promoted
at: www.legacymoney.co.uk
Legacy Coin
Ltd. is a separate company,
registered in England & Wales: 10809887, which uses the Legacy Gold
platform to promote a range of products and services offered by third party
suppliers.
You become a Customer of the Company by registering for an account online at www.legacygold.co.uk
(the Website).
The terms ‘you’ and ‘Customer’ are
interchangeable in these Terms & Conditions.
In becoming a Customer, you are deemed
to have accepted these Terms and Conditions.
The term ‘Customer’ also refers to and
includes Affiliates and Consultants of the Legacy Gold Programme.
The term ‘Reward Programme’ refers to
all commissions, bonuses and incentives paid by Legacy Gold to its Affiliates
and Consultants and includes bonuses and commissions earned through the promotion
of products and services promoted through Legacy Money and Legacy Coin.
The Company reserves the right to modify
its Terms and Conditions by providing 30 days’ notice and publishing such
changes on the website.
During such notice period, a Customer
has the right to terminate the relationship under any previous Terms & Conditions,
otherwise they are deemed to agree to and accept the amended Terms and
Conditions.
Customers may purchase and benefit from
any of the products, services, referral programmes and reward plans which are
available via the Legacy Gold website, marketed under alternative brands via
partnership contracts with third party suppliers, including but not limited to:
Legacy Coin, Legacy Money and Legacy 369.
By entering into an agreement with any
of the Company’s third-party partners, including but not limited to Bespoke
Health, CTR Ltd, Signature Tax, Kinesis and Legacy 369, the Customer agrees to
accept and abide by the Terms and Conditions of that organization in addition
to those of Legacy Gold Ltd.
By using the Company website and buying
platform, Customers are deemed to:
i)
Have read and agree to the
Company’s published Privacy, Cookie and Website Policy.
ii)
Agree to receiving
notifications and corporate updates by email and/or SMS.
The Company runs an Affiliate Programme
which allows Customers to earn a portion of the commission charged on purchases
made by Customers they have referred to us, and/or a specific referral fee as
advertised on the website.
Becoming an Affiliate is free of charge
and can be done by upgrading on the website.
Customers may also choose to upgrade to
Consultant status in order to develop a home-based network franchise promoting
the Legacy Gold Platform, Products and Services.
By using the Company website and buying
platform, Affiliates and Consultants are deemed to:
i)
Have also read and agree to the
Company’s Policies and Procedures.
ii)
Read and understand the Reward
Programme which is explained in the Business Guide.
Both
documents are available for download in the Back Office and, together with
these Terms & Conditions, comprise the contract between the Affiliate /Consultant
and the Company.
Customers must be aged at least 18
years.
Customers may only maintain one account
at any given time.
The Company reserves the right to refuse
an account to any person at the sole discretion of the Company.
Legacy
Gold, its officers, employees or representatives, do not offer investment advice.
No
corporate marketing materials, printed or electronic, should be construed as
investment or financial advice.
Payment
The Company accepts various methods of
payment which reflects its position at the forefront of innovation and as a
provider of entrepreneurial lifestyle solutions.
From time to time the Company may choose
to refine or add to the various payment methods offered, both for ease of
payment and to reduce transaction costs for all parties. Full details are available on the Company
website and may include third party e-wallet payments in addition to e-wallets
provided as internal storage of funds to enable transactions within the
franchise Platform. In such circumstances it is the responsibility of the
Customer to open their own e-wallets with the recommended third-party
providers.
The Company accept no responsibility for
the security of Customers’ personal wallets and their contents.
The Company will never request details
of Customers’ personal wallets eg. Passwords, Private Key Codes, Recovery
Phrases etc.
The Company may request wallet addresses
to facilitate payment of commissions and bonuses earned through the Legacy Gold
Reward Programme.
All payments, either to or from the
Company, made through third party exchanges / wallets, are made at the
published exchange rate, whether in gold, fiat or crypto/digital currency, at
3.00pm on the day of the transaction.
Commission and Bonuses are paid into the
Customer’s back-office Currency Account and/or Bullion Account.
When available, Customers may use their
back-office Currency Account to pay for goods and/or receive payments.
Any funds or part thereof, held in a
Customer’s back-office Currency Account, will be transferred direct to Customer’s
personal account within 72 hours of receiving such written requests to support@legacygold.co.uk .
Third party banks, exchanges and wallet
providers may charge transaction fees which are unfortunately outside the
Company’s control. Customers should also be aware that whenever payments are
made on an international basis, funds may take several days to reach our
account. In such cases, your purchases will always be charged at the price at
which they were ordered but may not be allocated or despatched until cleared
funds have been received.
Proof of identity / KYC
Customers undertake to identify themselves
no later than 2 weeks after opening their account by submitting a scanned image
or photograph of at least 1 of the 3 requested forms of identification as shown
on the Registration pages of the Website.
The Company may also use an
international third-party provider of KYC / AML verification.
The Company reserves the right to reject
any account application as a result of such third-party searches.
Contact details
The Company maintains contact details for
Customers at an email address and optionally at
·
a mobile telephone
·
a home telephone
·
a home address
Customers accept a duty to keep their
contact details held by the Company up to date and accurate, which can be done via
the back office. The Company is entitled to rely on the accuracy of the contact
details supplied and as such, the Customer accepts that failure to maintain correct
contact details indemnifies the Company against losses which may arise out of not
maintaining correct contact details.
Customers are requested to contact
Legacy Gold using the email address/es published on the website which is support@LegacyGold.co.uk at the time
of going to press.
The Company undertakes to return such
contact within a 48-hour period.
Money laundering regulations
The Company undertake to monitor all
transactions which may be deemed excessive, abnormal or unusually high /
frequent and use third party electronic checks and authorized, secure providers
to do the same.
Data protection
The Company makes every effort to comply with
the General Data Protection
Regulation (GDPR) as it applies in the UK, tailored by the Data Protection Act
2018.
The Customer’s personal and financial
data is protected from unauthorised access by a password and other access data
which the Customer has a duty to keep secret. To provide reliable customer
access, the Company has a procedure for re-issuing forgotten passwords and the
Customer accepts the details of this password reset process.
The Customer accepts that the Company will
send off-line information to them by email, including, but not limited to, acknowledgements
of changes to key account settings, login notifications, order confirmations, transaction
details, contracts, monthly statements, price alerts, and changes to Terms and
Conditions.
Customers may not unsubscribe from emails
relating to their account and its administration.
The Company may also send Customers general
information regarding updates to its products and services, promotions and news
bulletins. Customers may unsubscribe from these general updates by following
the instructions included in such emails.
All personal data is encrypted and used as
set out in the Company Privacy, Cookies and Website Policy, which can be found
on the home page of the website. By accepting these Terms and Conditions, the
Customer also accepts and agrees to that Policy and receiving information
pertaining to the efficient running of their Account.
Where the Company reasonably believes the
security of either the Company or the Customer is at risk, it reserves the
right to suspend or close any account without prior warning, but never to the
extent that it would amount to an expropriation of the Customer’s property.
Our Supply
Partners
Customers are requested NOT to contact
the supply partners of Legacy Gold, Legacy Money or Legacy Coin, except in
extreme circumstances eg. if Legacy Gold cannot be contacted. All contact should be made via email in the
first instance to the Company address(es) published on the website.
The Company undertakes to provide the
Customer with a complete history of transactions made with the Company, including
payments to and from the Company, in the Customer’s Back Office. In addition,
the Customer will receive an electronic invoice and Account Summary every time
a transaction takes place.
Legacy Coin
Customers have an option of purchasing
gold either as bullion or as gold-backed digital currency through Kinesis.
Legacy Gold undertakes to only supply
assayed bullion bars as good delivery from recognised market professionals and
according to the practices which exist in the local market.
This bullion is held as weighed and
numbered bars in a form generally acceptable in settlement of local bullion
markets sales, or as fine gold grain. In both forms the gold is guaranteed 999.9
fine gold.
Your physical gold is stored, wholly in
your name, under the control of Legacy Gold’s chosen supply partner, in secure
vaults. Title to the gold reverts to the name of the Customer only when cleared
funds have been received in the Company’s bank account or currency wallet.
For reasons of security, the location is
not published, but Customers are at liberty to physically see their gold by
prior arrangement with the Company. Such requests will only be granted for
holdings in excess of 0.5kg, although the Company will consider every request.
Requests should be made to support@legacygold.co.uk
.
The
Legacy Gold Guarantee
i.
The gold is always stored in
the name of the Customer.
ii.
All orders are always backed by
the identical quantity of gold in storage so, although extremely unlikely, all
Customer requests are able to be fulfilled in the event of a 100% request for
delivery at any time.
iii.
We will endeavour to buy back
any genuine Betts / Legacy Gold branded bars (with proof of purchase and if the
chain of integrity can be proven), at the advertised price of gold on that day,
although there is no obligation to do so on behalf of the Company.
The Company undertakes to pay storage
and insurance fees on your behalf for the first 6 months following your first
order. After 6 months have elapsed, the Company reserves the right to charge
storage fees back to you, the Customer, at the rates published on the website.
The Company policy is to not deem
storage and insurance charges as a ‘profit-centre’ for the Company but instead,
will pass such fees on at a level approaching the cost to the Company.
The Company has the same approach when
dealing with postage costs which, together with types of delivery available,
are published on the website.
Customers may request delivery of their
gold at any time. Delivery will only be made to the address registered on our
system.
Minimum delivery is for 1g and multiples of
1g, although the Company reserves the right to increase this minimum delivery
to 10g bars. 1g bars attract a higher cost pro rata for handling and delivery.
It is therefore more cost effective and it’s recommended, that Customers take
delivery of bars of 10g in weight or greater at any one time.
Where you have requested a delivery to your
address, the Customer accepts that the acts or omissions of any person at that
address are fairly deemed to be acts or omissions by the Customer. The Customer
accepts an obligation to inspect their package prior to signing for receipt and
acknowledge that a signature applied by a package recipient at their address
evidences a receipt of a package in appropriate condition.
The Company accepts no
responsibility for the loss of goods delivered at the Customers instruction to
multiple occupancy addresses such as flats and complex buildings, where someone
other than the stated addressee signs for and accepts receipt of goods.
Customers must ensure that parcel delivery arrangements are in place to accept
and receive goods at the nominated delivery address.
Once a delivery has been accepted, liability
and responsibility for the gold is relinquished by the Company and passes to
the Customer.
The Customer agrees that excluding their
rightful refusal to sign for receipt of the package, any returns to the Company
for whatever reason shall be at their own expense.
All orders are submitted online, in the
Customer’s personal Back Office and accepted by the Company at the London Gold
Fix price or the advertised exchange rate of other forms of currency which may
be used, as at 15.00 / 3.00pm on that day.
To qualify to be charged at that price,
an order must be placed and completed (payment submitted) before 13.00 / 1.00pm
on that day. All orders received after that time and prior to 13.00 / 1.00pm
the next day, will be charged at the London Gold Fix as at 15.00 /3.00pm on
that following day or the next working day in the event of weekends and bank
holidays.
The Customer authorises the Company to
vary the amount payable for their order in accordance with the final Fix Price
/ exchange rate on that day, to a maximum of +/- 10% of the price advertised at
the time of placing the order.
When selling gold back to the Company,
the Company will pay the London Gold Fix price as at 15.00 / 3.00pm that day,
if received before 13.00 / 1.00pm.
The Customer understands that they may
be exposed to certain factors which are beyond the control of Legacy Gold and
as such the Company may not be held responsible. Such factors include but are
not limited to:
·
Gold price movements: Customers
are exposed to the risk of potential loss arising from a falling bullion price
during the time in which they own bullion.
·
Fluctuations in the value of
both crypto currency and fiat currency.
·
Money politics: Governments and
other agencies seeking currency stability, or for other reasons, might seek to
constrain or tax the ownership of bullion to the disadvantage of its owners.
·
Identity theft: If this happens
a Customer may be at risk of unauthorised access to their account.
·
System availability: Computer
outages may happen and mean that the ordering platform is inaccessible for
periods of time. This could prevent you from executing a transaction
which you would otherwise have made.
·
CUSTOMER RISK
The Company buys
and sells goods based on the global metal market’s prices, which are outside the
Company’s control, and change frequently. The historical performance of the price,
or the global metal market’s prices of goods is not a reliable indicator of
future prices.
·
CANCELLATION
RIGHTS
You have no
statutory right to cancel the contract if you change your
mind once an order is placed. This is because the prices of the goods and metal are subject to
fluctuation: see the Risk notice above.
Note: You can
however choose to terminate your order at any time prior to
delivery or final processing of your order. This will incur additional charges
including but not limited to, a handling charge and a fee based on any adverse
movement in the commodity price of your gold.
Regulation & legislation
Modern financial services businesses in
the UK and throughout Europe tend to be companies which deal in paper-based
instruments generally called 'securities'. These services are subject to
increasing legal regulation.
Because Legacy Gold offers a credit-free
environment, and because it deals in the absolute ownership of physical gold
acquired on the spot market, and not paper-based contractual rights extending
beyond the normal settlement period of the spot market, it falls outside the
defined scope of formal financial services regulation. Instead, the London
bullion market is regulated by traditional English property law, and not by the
United Kingdom's Financial Conduct Authority.
Exclusions & liability
For sales and purchases conducted in the
UK, the following provisions set out the entire financial liability of Legacy
Gold (including any liability for the acts or omissions of its employees,
agents and sub-contractors) to you in respect of:
(i) any breach of these Terms and
Conditions; and
(ii) any representation, statement or
tortious act or omission including negligence arising under or in connection
with these Terms and Conditions.
All warranties, conditions and other terms
implied by statute or common law (save for the conditions implied by section 12
of the Sale of Goods Act 1979) are, to the fullest extent permitted by law,
excluded from these Terms and Conditions.
Nothing in these Terms and Conditions
excludes or limits the liability of Legacy Gold
(i) for death or personal injury caused by Legacy
Gold’s negligence; or
(ii) under section 2(3) of the Consumer
Protection Act 1987; or
(iii) for any matter in which it would be
illegal for Legacy Gold to exclude or attempt to exclude its liability; or
(iv) for fraud or fraudulent
misrepresentation.
Subject to the above:
(i) Legacy Gold’s total liability in
contract, tort (including negligence or breach of statutory duty),
misrepresentation, restitution or otherwise, arising in connection with the
performance or contemplated performance of these Terms and Conditions shall be
limited to the value of your bullion stored by the Company; and
(ii) Legacy Gold shall not be liable to you
for any pure economic loss, fall in the value of your bullion, loss of profit,
loss of business, depletion of goodwill or otherwise, in each case whether
direct, indirect or consequential, or any claims for consequential compensation
whatsoever (howsoever caused) which arise out of or in connection with these
Terms and Conditions.
You are responsible for paying such local
taxes as are or may be applied on bullion purchases, bullion sales and bullion
custody, and on any associated charges, and such taxes are added to charges
where appropriate.
Death or incapacity
In the
event of death or incapacity, the Customer
permits the Company to allow your account to be maintained on your behalf by
your duly authorised solicitor, appointed legal representative or appointed
executors.
System maintenance
The system is scheduled to operate
continually except where planned software updates and maintenance is necessary,
which is usually carried out on weekends or in the evening. The Company will always
strive to provide an advance warning notice via the website for planned
downtime. There may also be planned service interruptions at other times where
maintenance requires urgent action which cannot wait until a weekend.
Such service interruptions will, where possible, be planned at times of lower
public demand for the service.
Force majeure
The Company shall not be liable to you for
any delay or failure by it to perform its obligations if such delay or failure
arises from any unforeseeable causes beyond its reasonable control including,
but not limited to, acts of God, floods, lightning, earthquakes, labour disputes,
shortages, rationing, utility failures, war, terrorism, riot, embargoes, and
actions of any government agency or subdivision thereof.
Law
This agreement is governed by English law and
the parties hereby accept the jurisdiction of the English courts, such that any
proceedings brought against the Company shall be brought in the English courts
but nothing in this agreement shall prevent Legacy Gold from taking proceedings
against an individual or company in any court of competent jurisdiction.
© Legacy Gold Ltd. 2021
Registered in England & Wales:
09440298
Registered
Address: 6 St Johns Court, Vicars Lane, Chester, England CH1 1QE