Terms and Conditions
Last Updated: 09/05/2024
Welcome to AmmoInvest! Please carefully review the following Terms and Conditions before utilizing our website or app or making any purchases. Your access and use of this website or app indicate your agreement to comply with these Terms and Conditions and any applicable laws. If you do not consent to these terms, kindly refrain from using our site.
TO COMPLETE THE PURCHASE, CUSTOMERS ARE REQUIRED TO ACKNOWLEDGE AND AGREE TO THE SPECIFIED TERMS AND CONDITION OF USE:
1. The minimum age requirement for investing with AmmoInvest is 21 years old.
2. The Customer understands that AmmoInvest does not ship ammo to any customer anywhere, at any time. The Customer’s investment is backed by ammo bought on their behalf and stored securely in Montana.
3. The Customer understands that they will not be charged Sales Tax for the ammunition shipped to the State of Montana, but they are responsible for any taxes that may occur from owning and selling their ammunition. The Customer is responsible for reporting for self-reporting, and any information on all transactions made will be available in the Customer’s Wallet.
4. The Customer understands that their only remedy for returning the funds to them is for AmmoInvest to use their best efforts to resell their ammo to another Customer, which may take time. This process involves listing the ammo on our platform and waiting for another customer to purchase it. Once the ammo is sold, the Customer’s account will be credited with the sale amount, minus any applicable fees.
5. The Customer understands that there are fees associated with using AmmoInvest, which are available under the “Fee Structure” Policy.
6. The Customer understands they can use a refund credit to purchase a different caliber of ammunition, but their original investment is backed by the original caliber until it is sold and replaced with the new caliber. AmmoInvest does not back the increase in investment with additional ammunition, as explained under the “Credit Policy.”
7. AmmoInvest reserves the right to return customer funds by any means most suitable at our sole discretion.
8. The Customer understands that investing in ammunition is risky and that, based on market timing and the demand and supply for ammunition, they may suffer tremendous losses.
9. The Customer understands that the market price for investing is determined by a complex proprietary algorithm created by AmmoInvest called the American Ammunition Standard, which scrapes the ammunition marketplace and calculates a value for each caliber of ammunition offered for sale on AmmoInvest’s app or website.
10. AmmoInvest reserves the right to cancel any transactions completed based upon pricing errors or glitches with the functionality of the AmmoInvest site.
11. AmmoInvest reserves the right to cancel any customer’s account if they are found to be violating any of AmmoInvest’s Terms and Conditions and/or are found to be taking advantage of AmmoInvest in any way that is improper. In the event a customer is believed to have taken advantage of a technical or other glitch with AmmoInvest’s systems, the Customer agrees to be held financially liable for any monetary losses incurred.
12. The Customer confirms that they are not under any prohibition from investing in ammunition.
13. The Customer has ensured compliance with local laws about ammunition restrictions before investing with AmmoInvest.
14. Recognizing the dynamic nature of prices, AmmoInvest retains the right to modify or update its pricing models at any time, which could negatively impact the value of customer accounts.
15. AmmoInvest reserves the right to add, remove, or substitute different calibers or the specs that make up any of the calibers of ammunition carried on its site. In this event, AmmoInvest will make every effort to adjust Customers’ accounts to fairly account for these changes, ensuring your investments are always secure and fairly managed.
16. AmmoInvest requires customers to provide a copy of the front and back of their driver’s license and other personal information to ensure that they are complying with all KYC (Know Your Customer) requirements. Based on a constantly changing regulatory landscape, additional information may be required in the future.
17. The Customer agrees to the terms of the “Privacy Policy”, which outlines our commitment to protecting your personal information and ensuring your privacy is always respected.
18. The Customer understands that Storage for the first year is included in the original Purchase Fee and an additional 1% Storage Fee will be assessed on an annual basis on all ammunition purchased by a Customer. There is no refund for partial years.
19. The Customer understands that the annual fee will be deducted from their Wallet if not paid within a reasonable time period as determined by AmmoInvest.
PRODUCT INFORMATION & PRICING:
While AmmoInvest strives to provide accurate information, we cannot guarantee that all details, descriptions, listed prices, or other content are entirely error-free, complete, current, or correct. In the event of an error, AmmoInvest maintains the right to reject or cancel any placed order, regardless of whether the order has been confirmed and a credit card has been charged. If a credit card has already been charged, AmmoInvest will promptly issue a refund/credit for the specific amount returned to the credit card. In situations where an investment is made at an incorrect price, AmmoInvest reserves the right to contact the investor and correct the transaction. If AmmoInvest is unable to remedy the transaction to both the Customer’s and AmmoInvest’s satisfaction, AmmoInvest may cancel the order and credit the Customer for their purchase.
WARRANTY DISCLAIMER:
AmmoInvest makes no representations that the functions within this site will be uninterrupted or error-free, that defects will be corrected, or that the site or the server making it available is free from viruses or other harmful components. Furthermore, AmmoInvest does not warrant or represent the accuracy, adequacy, usefulness, timeliness, reliability, or correctness of the materials on this site. Some jurisdictions may not allow the exclusion or limitation of certain warranties, so the above disclaimers may not apply to you.
INDEMNIFICATION:
You agree to indemnify, defend, and hold harmless AmmoInvest, its officers, directors, employees, agents, licensors, and suppliers from and against all losses, expenses, damages, and costs, including reasonable attorneys’ fees, resulting from any violation of these terms and conditions or any activity related to your account (including negligent or wrongful conduct) by you or any other person accessing the site using your internet account.
LIMITATION OF LIABILITY:
In no event shall AmmoInvest, its directors, officers, employees, or affiliates be liable for any direct, indirect, special, incidental, consequential, or punitive damages, including but not limited to loss of profits, data, or use, arising out of or in connection with the use, inability to use, or performance of the services or products offered. The user or Customer acknowledges that the use of the services or products is at their own risk. In jurisdictions where the exclusion or limitation of liability for consequential or incidental damages is not allowed, AmmoInvest’s liability is limited to the fullest extent permitted by law.
MOBILE TERMS OF SERVICES:
We understand the importance of convenience in today’s fast-paced world. That’s why we offer our services on mobile platforms, ensuring you can access and manage your investments anytime, anywhere.
The terms and conditions governing the mobile messaging service provided by AmmoInvest Inc. are collectively called “Mobile Terms.” Your use of the Service indicates your acceptance of these Mobile Terms. We reserve the right to modify or terminate the Service or its features without prior notice. Moreover, we may, at our discretion and within the bounds of applicable law, modify these Mobile Terms, and your continued use of the Service following the effective date of any changes constitutes your agreement to those modifications.
By participating in AmmoInvest’s SMS/text messaging service, you consent to receive recurring SMS/text messages from AmmoInvest using the mobile number provided by your wireless provider. This includes situations where your mobile number is listed on any state or federal Do Not Call list. Text messages may be generated using an automatic telephone dialing system or other technology. Service-related messages may include updates, alerts, and information (e.g., order updates, account alerts, etc.), while promotional messages may encompass offers, specials, and other marketing promotions (e.g., cart reminders).
Participation in this program is entirely voluntary, and you acknowledge that it is not a prerequisite for making any purchases from AmmoInvest. You have the option to withdraw from the Service at any time by texting the single keyword command STOP to AmmoInvest or by clicking the unsubscribe link (where available) in any text message. Upon opting out, you will receive a one-time confirmation text message, and no further messages will be sent to your mobile device unless you initiate them. If you are subscribed to other AmmoInvest mobile message programs and wish to cancel, except where applicable law requires otherwise, you must opt out separately from those programs by following the provided instructions in their respective mobile terms.
While AmmoInvest does not impose charges for the Service, you are responsible for all charges and fees associated with text messaging imposed by your wireless provider. Message frequency may vary, and message and data rates may apply. It is your responsibility to check your mobile plan and contact your wireless provider for details. Additionally, you are solely accountable for all charges related to SMS/text messages, including charges from your wireless provider.
ARBITRATION:
Please carefully review the arbitration provision outlined below. By agreeing to this, all AmmoInvest customers are consenting to resolving disputes individually through final and binding arbitration. It is imperative that you understand the terms of this agreement before proceeding.
If you’re an AmmoInvest customer, any dispute arising from the Terms and Conditions, your account(s), or your use of the services must be settled in the courts of Montana, USA. Specifically, this applies to claims against AmmoInvest, regardless of their nature. You agree to the jurisdiction and venue of Montana courts, waiving objections under any similar doctrines. Additionally, you and AmmoInvest agree that any claims must be brought on an individual basis, not as part of a class action.
Should a dispute arise, it will be resolved through confidential arbitration in accordance with the American Arbitration Rules. The arbitrator’s decision will be binding and enforceable. Unless otherwise agreed, the laws of Montana will govern the arbitration, which will take place in Helena, MT. The proceedings will be conducted in English.
A single arbitrator, appointed according to the ADR Rules, will hear the case. The arbitrator may grant any relief a court could, including attorney’s fees, if authorized by law. For claims under $15,000, AmmoInvest will cover filing fees exceeding those of court proceedings, but if deemed the losing party, these fees will be added to the final arbitration costs.
The prevailing party will be entitled to arbitration costs, including attorney’s fees. Like before, claims must be brought individually, and class arbitration is not permitted. Any relief granted to one AmmoInvest user will not affect others.
NOTICE:
AmmoInvest reserves the right to communicate with you through email, a general notice on this site, or any other reliable method using the address you have supplied.
For Service support or assistance, email customersupport@ammoinvest.com
We acknowledge and uphold your privacy rights. Our Privacy Notice provides detailed information on how we collect and utilize your personal data.
