• When you buy from Atlas Gemstones, once we have issued a Sales Order confirmation number, you have a binding contract, 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 Sales Order confirmation time and we believe this is one of the key benefits of transacting with Atlas Gemstones. If you default in your performance of payment, shipment or any other act required by you, we may cancel your Sales Order(s). If your Sales Order(s) is cancelled, you agree you have full responsibility and liability to Atlas Gemstones 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, Atlas Gemstones for all fees and costs associated with Atlas Gemstones’ efforts in collecting from you. Any Market Gain on Sales Order cancellations shall vest in and remain the property of Atlas Gemstones, and Atlas Gemstones shall have no responsibility to you for Market Gain. We reserve the right to cancel any Sales Order at any time and for any reason. All future Sales 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 Atlas Gemstones, once we have issued a Purchase Order confirmation number, you have a binding contract, 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 Atlas Gemstones. 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). If your Purchase Order(s) is cancelled, you agree you have full responsibility and liability to Atlas Gemstones 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, Atlas Gemstones for all fees and costs associated with Atlas Gemstones’ efforts in collecting from you. Any Market Gain on Purchase Order cancellations shall vest in and remain the property of Atlas Gemstones, and Atlas Gemstones shall have no responsibility to you for Market Gain. We reserve the right to cancel any Purchase Order at any time and for any reason.