When you buy from Hollywood Gold & Silver Exchange Inc., the transaction price is locked-in, and any corresponding market risk is transferred to you.
This is a benefit to you because you know your price at your Order confirmation time, and this is one of the key benefits of transacting with Hollywood Gold & Silver Exchange Inc. If you default in your performance of payment, shipment, or any other act required by you, we may cancel your Order(s). Suppose your Order(s) is canceled. In that case, you agree you have full responsibility and liability to Hollywood Gold & Silver Exchange for any Market Loss, plus a thirty-five dollar ($35.00 USD) cancellation fee. You must also pay and have full responsibility and liability to Hollywood Gold & Silver Exchange Inc. for all fees and costs associated with Hollywood Gold & Silver Exchange’s efforts in collecting from you. Any Market Gain on Order cancellations shall vest in and remain the property of Hollywood Gold & Silver Exchange Inc. Hollywood Gold & Silver Exchange Inc. shall have no responsibility to you for Market Gain. We reserve the right to cancel any Order at anytime and for any reason. All future Orders will be held for shipment until any/all outstanding Market Loss and/or cancellation fee balances have been paid in full.
When you sell to Hollywood Gold & Silver Exchange Inc., once we have issued a Purchase Order confirmation number, the transaction price is locked-in, and the corresponding market risk is transferred to you. This is a benefit to you because you know your price at your Purchase Order confirmation time, and we believe this is one of the key benefits of transacting with Hollywood Gold & Silver Exchange Inc. If you default in your performance of shipment, quality or quantity, or any other act required by you, we may cancel your Purchase Order(s). Suppose your Purchase Order(s) is canceled. In that case, you agree you have full responsibility and liability to Hollywood Gold & Silver Exchange Inc. for any Market Loss, plus a thirty-five dollar ($35.00 USD) cancellation fee. You must also pay and have full responsibility and liability to Hollywood Gold & Silver Exchange Inc. for all fees and costs associated with Hollywood Gold & Silver Exchange’s efforts in collecting from you. Any Market Gain on Purchase Order cancellations shall vest in and remain the property of Hollywood Gold & Silver Exchange Inc. Hollywood Gold & Silver Exchange Inc. shall have no responsibility to you for Market Gain. We reserve the right to cancel any Purchase Order anytime for any reason.
