COVETT ENTERPRISES LTD
CO-OWNERSHIP TERMS AND CONDITIONS
1. THESE TERMS
1.1 What these terms cover. These are the terms and conditions which apply where you become a co-owner of jewellery made available through us.
1.2 Why you should read them. Please read these terms carefully before you submit your application to become a co-owner to us. These terms tell you who we are, how we will make available a share to co-own jewellery to you, how you and we may change or end the contract, what to do if there is a problem and other important information. If you think that there is a mistake in these terms or require any changes, please contact us to discuss.
2. INFORMATION ABOUT US AND HOW TO CONTACT US
2.1 Who we are. We are Covett Enterprises Ltd a company registered in England and Wales. Our company registration number is 10836193 and our registered office is at 70 Horseferry Road, # 79, London, United Kingdom, SW1P.
2.2 How to contact us. You can contact us by telephoning +44 203 579 3504 or by writing to us at firstname.lastname@example.org or Berkeley Square House, Berkeley Square, London, UK W1J 6BD.
2.3 How we may contact you. If we have to contact you we will do so by telephone, text or by writing to you at the email address or postal address you provided to us on the form that you sign when you become a co-owner in a jewellery piece and which incorporates these terms (“Co-Owner Application Form”).
2.4 "Writing" includes emails. When we use the words "writing" or "written" in these terms, this includes emails.
3. OUR CONTRACT WITH YOU
3.1 How we will accept your application to become a co-owner. Once we have received your completed Co-Owner Application Form plus any deposit or other fees set out in these terms, and we can confirm to you that we have obtained the jewellery piece that you applied to be a co-owner of, we will then confirm that your application has been accepted and that you are now a co-owner in that piece (“Co-Owner Confirmation”). At this point a contract will come into existence between you and us on these terms. We reserve the right to not issue a Co-Owner Confirmation and return any monies paid to us, in the event that we are unable to accept your application for co-ownership. You must meet the following minimum conditions to apply:
3.1.1 You must be over the age of 18.
3.1.2 You must be a UK resident.
3.1.3 You must not have been personally bankrupt within the last 5 years (10 years if a business bankruptcy).
3.1.4 You must not have received a CCJ (County Court Judgment) within the last 6 years .
3.1.5 You must not have an IVA (Individual Voluntary Arrangement ) or a Debt Relief order in the last 5 years.
3.1.6 You or any person living with you must not have any unspent criminal convictions (excludes motoring convictions).
3.2 If we cannot accept your application. If we are unable to accept your application for co-ownership in a jewellery piece, we will inform you of this and will return any monies you have paid to us when you submit your Co-owner Application Form. We might have difficulty in obtaining a piece, or other circumstances which we could not reasonably plan for.
3.3 We only provide for co-ownership in the UK. Our website platform is solely for the promotion of co-ownership of jewellery in the UK. You must be resident in the UK, as unfortunately, we do not accept applications for co-ownership from addresses outside the UK at this time.
4. COVETT STRUCTURE
Covett Members. We will only accept Co-owner Application Forms to apply for co-ownership of a jewellery piece from you if you agree to become a co-owner in accordance with these terms and have registered as a ‘Covett Member’ on our website. You become a Covett Member by registering on the registration page on our website. As a Covett Member, you will have the opportunity to view our vault of luxury jewellery which are available to co-own and discuss with other members about what luxury pieces should be in our vault.
4.1 How does Co-ownership work. Once registered as a Covett Member, you can apply to become a co-owner in a jewellery piece, by filling out the Co-Owner Application Form for co-ownership of a specific jewellery piece. All of our Covett co-owners are vetted by us as part of the application process. As part of this process, we may request an application fee of no more than £50.00 which will be applied to the purchase of your piece, if accepted. During the time of the contribution for their share of any item (“Co-Ownership Fee”) they must agree to these terms as a Covett Co-owner. This is to ensure the Covett Co-owner meets a certain standard of care when in possession of each item and will be done in person by a member of the Covett team. If a Covett Co-owner is deemed by us to not meet the requirements as part of the application process, any money paid to us will be refunded.
4.2 If the application is accepted by us by way of us issuing our Co-Owner Confirmation and your payment to us of the Co-Ownership Fee in accordance with these terms, you will co-own one-fifth (20%) of each item of jewellery you apply to become a co-owner of. We will always hold one-fifth (20%) of each item of jewellery a Covett Member applies to co-own, for insurance purposes. Your share will be worth 20% of the total value of the item.
4.3 Possession of your item. Being a co-owner means that you are granted possession of the jewellery piece of which you are a co-owner for 5 consecutive days per calendar month, plus 12 floating days to be added on to your monthly allotment to cover holidays or special occasions. If a a special arrangement is required, that can be made with us, through our Covett Concierge service. Whilst the jewellery piece is in your possession, the item must either be worn or hand carried by you, under your close personal custody and control, or locked in a safe which meets minimum specifications, which will be verified by a member of the Covett team (see clause 5.4). You are not permitted to let any other person wear the item while it is in your possession and to do so will be in breach of these terms.
4.4 The jewellery piece outside of your possession period. The jewellery piece will be in the possession of other co-owners who have also agreed to these terms, as a co-owner of that jewellery piece. If you have a special event, or would like to have possession of the item when it is not within your possession period, we will do our best to broker an agreement between you and the other co-owner(s) whose possession period your request crosses over with. If this is not possible, our Covett Concierge will attempt to find a suitable loan from our existing stock, subject to an additional nominal charge and delivery fee.
5. COVETT JEWELLERY
5.1 Jewellery may vary slightly from their pictures. The images of the jewellery on our website have been taken by a professional jewellery photographer who has made every effort to display the colour, clarity, and details of each piece of jewellery accurately. We cannot guarantee that the actual item accurately reflects the colour of the jewellery. Your item of jewellery may vary slightly from those images. Although we have made every effort to be as accurate as possible, because our items are individual pieces, all sizes, weights, capacities, dimensions and measurements indicated on our website have a 3% tolerance. All written information about the jewellery is provided from the seller to our brokers and is provided for the purposes of understanding the piece with as much detail as available.
5.2 Jewellery presentation may vary. The presentation of each piece of jewellery may vary from that shown on images on our website, although all presentation boxes or cases will be chosen to ensure that the jewellery item is received by you in the safest way, preserving the integrity of the jewellery piece.
5.3 Measurements. Where we provide details of any measurements of the jewellery pieces, these are provided as accurately as possible, however you are responsible for ensuring that the measurements will allow you to wear the jewellery piece in the manner you wish.
5.4 Storage. All items, while not being worn, should be stored in a safe approved by us (see clause 4.3). Generally, we require each safe to have a ‘cash rating’ of ten times the market value of each item of jewellery stored within it. We permit you to store items in a hotel safe, if you are staying in that hotel, provided that hotel safe meets the relevant safe requirements.
5.5 Cleaning. Before you receive your jewellery item for your possession period, we will check it for any loose stones or damage and ensure it is professionally cleaned and sanitised. Should an item require cleaning whilst in your possession, you are only permitted to clean each item with mild hand soap only. In the event that you use any other cleaning products or any cleaning of the jewellery item causes any damage to the jewellery item, then you will be responsible for any damage caused to the jewellery item, including making good any damage caused and restoring the jewellery piece to the same standard that you received it.
5.6 Maintenance. Each item of jewellery will go through bi-annual maintenance whereby the item will be professionally cleaned and checked for weaknesses, and if required, repaired. This will take place during a period when the piece is with Covett and will not affect the co-owners’ time allocation.
5.7 What happens if the item is lost, stolen or damaged. Jewellery items that are lost or stolen are covered by our insurance, subject to any exclusions in the insurance policy. We require you to report any lost or stolen items to both us and the police as soon as possible. Any damage to an item caused by normal wear and tear are covered by your maintenance fee (as described below) and will be fixed at no extra cost to you.
5.8 Negligent Damage. If whilst in your possession, the item is damaged through owner negligence, for example, failing to wear the item properly or using chemical cleaners, you will be responsible for the cost of any professional repair or cleaning we undertake to repair the damage. If the damage is irreparable, you will be liable for the cost of a similar replacement item, equal in value at the agreement of the remaining co-owners.
5.9 Insurance. All our jewellery is fully insured for loss or damage subject to each co-owner agreeing to and abiding by these terms and conditions. All jewellery, whilst in your possession, should either be worn, hand carried under your control or locked in an approved home or hotel safe. You are not required to insure any item yourself. Exclusions:
5.9.1 Loss or Damage occurring outside of the United Kingdom if You have been, or intend to be, away from the United Kingdom for more than 60 consecutive days.
5.9.2 Any routine repair, servicing, inspection, maintenance, cleaning, alteration or restoration costs.
5.9.3 Loss or Damage caused by or resulting from natural ageing, wear and tear, gradual deterioration, inherent or latent defect, rust or oxidation, moth or vermin, other than Loss or Damage resulting from wear and tear or mechanical derangement to a clasp, setting or other fastening, carrier or container.
5.9.4 Scratching, denting or cosmetic only damage
5.9.5 Any Loss or Damage to Jewellery and watches away from either your home or another private dwelling in the UK where You are staying temporarily, unless the item is:
a) worn by You, or
b) carried under Your close personal control or c) Kept in a locked safe
d) Kept in a locked gym locker whilst you remain on the gym premises
5.9.6 Loss from baggage unless carried by hand under your personal supervision
5.9.7 Any theft from an unattended motor vehicle.
5.9.8 Electrical or mechanical fault or breakdown.
5.9.9 Any unexplained disappearance of any Item Insured.
5.9.10 Loss or damage caused by or resulting from criminal or deliberate acts committed by you.
6. COVETT SHARES AND PAYMENTS
6.1 Payment for your share. You will be required to pay (at the time of your application to become a co-owner of a jewellery item) to pay either a deposit as against, or the full Co-Ownership Fee, as indicated in the Form. Where you pay a deposit, you will be required to pay the remaining balance of the Co-Ownership Fee prior to our issue of the Co-Ownership Confirmation, as payment of the Co-Ownership Fee is a condition that needs to be satisfied as part of your application for co-ownership of a jewellery piece. Until such time as a jewellery piece is fully procured by us and we issue our Co-Ownership Confirmation, any monies that you pay to us (whether deposit or otherwise) will be held on trust for you. If a jewellery piece cannot be procured as intended, then we will refund any monies you have paid to us in respect of your potential co-ownership in the jewellery piece, in accordance with these terms.
6.2 Service fee. In addition to the Co-Ownership Fee payable in accordance with these terms for your co-ownership of the jewellery piece identified in your Form, you will be required to pay an ongoing service fee to cover the cost of our insurance, the cleaning of, storage and logistics of delivery and collection of the jewellery piece that you are a co-owner of (“Service Fee”). The Service Fee also covers any size adjustments required for watches or bracelets. Your monthly service fee will generally be 1.75% of the total cost of your share. The Service Fee is payable each month that you hold your co-ownership share, or annually upon purchase, and then each anniversary, by way of direct debit or bank transfer. The Service Fee may increase in each year that you are a co-owner of the jewellery item, to reflect increases in the cost of insurance, maintenance and repairs, delivery charges, cleaning services and/or other costs covered by the Service Fee.
6.3 We can charge interest if you pay late. If you do not make any payment to us by the due date we may charge interest to you on the overdue amount at the rate of 4% a year above the base lending rate of HSBC from time to time. This interest shall accrue on a daily basis from the due date until the date of actual payment of the overdue amount, whether before or after judgment. You must pay us interest together with any overdue amount. We also reserve the right to withhold possession of your piece until such time as the fees in arears are paid.
6.4 Additional use. If you would like to use the jewellery item that you are a co-owner of for more possession periods than your allotted share allows, then this will need to be agreed with the other co-owners of that jewellery piece and approved by us (and there is no guarantee that we will be able to obtain agreement to this), including the payment of any additional fees in connection with the additional possession periods which may be agreed.
6.5 Selling your share. If you decide that you no longer want your co-ownership share in a particular jewellery item, then provided you have held your co-ownership share for a period of no less than twelve (12) months, you can:
6.5.1 we will credit the original price from you for the Co-Ownership Fee you paid, if you wish to trade up to a more expensive piece.
6.5.2 Where you wish to sell your co-ownership share before the initial twelve (12) month period, we will place an advert in the Covett Members community area of our website and seek to arrange a the purchase of you co-ownership share, however until such time as another Covett Member makes any request to purchase that share, you will remain the co-owner for the remainder of the twelve (12) month period and be responsible for payment of all relevant Service Fees during that time, until either another Covett Member purchases your co-ownership share from you, or the end of the twelve (12) month period when we will purchase this from you for the appraised value or the initial share price paid; whichever is lower.
6.6 The value of your share. The value of your co-ownership share may increase, in accordance with market conditions. When you want to sell your co-ownership share, we will appraise its value by a certified appraiser of our choice and present you with the appraisal.
7. COVETT OPEN VAULT
Members who are co-owners in 5 or more jewellery items that are included on our platform are granted access to the Open Vault. This entitles each Open Vault member to borrow/lend pieces of jewellery with other members in the same category, always brokered by Covett, for the payment of a daily rental fee (currently set at .5% of the item’s retail value, but could increase depending upon the input of the co-owner of the piece to be borrowed) plus delivery charges.
8. YOUR RIGHTS TO MAKE CHANGES
If you wish to make a change to your application to be a co-owner of a jewellery item you have applied for co-ownership of, or to the requested possession period dates when the jewellery item is in your possession to wear, please contact us at least 48 hours before your possession period begins. We will let you know if the change is possible. If it is possible we will let you know about any additional fees that might be payable in order to comply with this request, the timing or availability as to when that piece of jewellery is available or anything else which would be necessary as a result of your requested change and ask you to confirm whether you wish to go ahead with the change.
9. OUR RIGHTS TO MAKE CHANGES
Changes to an item. As we informed you in the description of each piece of jewellery on our website, we may make changes to these terms or the piece of jewellery, but if we do so we will notify you and you may then contact us to end the contract and receive a full refund before the changes take effect.
10. COLLECTION AND DELIVERY
10.1 Delivery costs. The costs of delivery and collection of the jewellery item to/from you are included in the Service Fee payable by you in accordance with these terms. In the event on one a co-owner being lent a piece by Covett or another co-owner, delivery changes will apply.
10.2 When we will provide the item. During the process of applying to be a co-owner, we will let you know when we will provide the piece of jewellery to you, subject to the possession periods that are agreed with you through the website. Quarterly you will have the opportunity to request the dates you want possession, three months in advance of the period. Requests for date trades, can be made at any time. You can choose to “bypass” possession during any given month. However, you are still responsible for the monthly service fee for the month bypassed. The monthly dates cannot be allocated to another time unless traded with another co-owner.
10.3 Delivery time. A member of the Covett team will deliver the jewellery piece directly to you, at the address you have provided. Delivery of each jewellery piece must be signed for by you. Delivery times will be during a four-hour window on the day you are due to receive the item unless otherwise arranged with the Covett concierge 48-hours in advance. We can deliver your item to your place of work as long as it is in London.
10.4 We are not responsible for delays outside our control. If delivery of the item of jewellery is delayed by an event outside our control then we will contact you as soon as possible to let you know and we will take steps to minimise the effect of the delay. Provided we do this we will not be liable for delays caused by the event.
10.5 If you are not at home when the item is delivered. If you are not available at your home or work address to take delivery of the item, we will text you informing you of how to rearrange delivery. Any further delivery attempt will be at your own expense. You can arrange to pick up your item if that is more convenient.
10.6 If you do not re-arrange delivery. If after a failed delivery to you, you do not re-arrange delivery, we will contact you for further instructions and may charge you for storage costs and any further delivery costs. We also reserve the right to let another co-owner use that item during your period of possession.
10.7 Your legal rights if we deliver late. You have legal rights if we deliver any item late. If we miss the delivery deadline for any items then you may treat our contract as at an end straight away if any of the following apply:
10.7.1 we have refused to deliver the item(s), as long as all service fees are current
10.7.2 delivery within the delivery deadline was essential (taking into account all the relevant circumstances).
10.8 Setting a new deadline for delivery. If you do not wish to treat the contract as at an end straight away, or do not have the right to do so under clause 10.7, you can give us a new deadline for delivery, which must be reasonable, and you can treat the contract as at an end if we do not meet the new deadline.
10.9 Collection. When your period of possession is over, a member of the Covett team will pick the item up from the address you have provided and each item will be assessed for any damage and tested to ensure any stones have not been replaced or altered. If you require collection from a different location, you must contact the Covett Concierge at least 24 hours prior to your collection date.
10.10 When you become responsible for the item. The item will be your responsibility from the time we deliver the item to the you at the address you gave us to the time we collect the item from you.
10.11 What will happen if you do not give required information to us. We may need certain information from you so that we can supply each piece of jewellery to you, for example, your address and any authorised agent. If you do not give us this information within a reasonable time of us asking for it, or if you give us incomplete or incorrect information, we may either end the contract (see clause 12.1) or make an additional charge of a reasonable sum to compensate us for any extra work that is required as a result. We will not be responsible for supplying the item(s) late or not supplying any part of them if this is caused by you not giving us the information we need within a reasonable time of us asking for it.
10.12 Reasons we may suspend the supply of items to you. We may have to suspend the supply of a item to:
10.12.1 deal with any urgent repairs or cleaning of an item;
10.12.2 update the item to reflect changes in relevant laws and regulatory requirements;
10.12.3 make changes to the item as requested by you or notified by us to you (see clause 9)
10.12.4 outstanding service fees owed to Covett
10.13 Your rights if we suspend the supply of items. We will contact you in advance to tell you we will be suspending supply of an item, unless the problem is urgent or an emergency. If we have to suspend the item for longer than three one week periods whereby you can use the item, we will adjust the price so that you do not pay for that item while they are suspended. You may contact us to end the contract for an item if we suspend it, or tell you we are going to suspend it and we will refund any sums you have paid in advance for the item in respect of the period after you end the contract.
10.14 We may also suspend supply of the items if you do not pay at fees due to us. If you do not pay any fees due to us when you are supposed to in accordance with these terms and you still do not make payment within 7 days of us reminding you that payment is due, we may suspend supply of the items until you have paid us the outstanding amounts. We will contact you to tell you we are suspending supply of the items. We will not suspend the items where you dispute fees that are due to us. As well as suspending the items we can also charge you interest on your overdue payments (in accordance with these terms).
11. YOUR RIGHTS TO END THE CONTRACT
11.1 You can always end the contract for the supply of an item before it has been completed. You may contact us to end your contract for co-ownership of an item at any time before we have sent our Co-Ownership Confirmation. in addition, you always have rights where a item is faulty or mis-described (see clause 13, "If there is a problem with the items").
11.2 What happens if you have a good reason for ending the contract. If you are ending a contract for a reason set out at 11.2.1 to 11.2.4 below, then subject to clause 6.4, the contract will end immediately and we will refund you in full for any Co-Ownership Fees you have paid and/or Service Fees for services which have not been provided or have not been provided properly and you may also be entitled to further compensation. The reasons are:
11.2.1 we have told you about an upcoming change to the item or these terms which you do not agree to (see clause 9);
11.2.2 we have told you about an error in the price or description of the item you have applied to be a co-owner of and you do not wish to proceed;
11.2.3 there is a risk that supply of the items may be significantly delayed because of events outside our control; or
11.2.4 you have a legal right to end the contract because of something we have done wrong (but see clause 10.7 in relation to your rights to end the contract if we deliver late.
11.3 What happens if you end the contract without a good reason. If you are not ending the contract for one of the reasons set out in clause 11.2, then, subject to clause 6.4, the contract will end immediately and we will refund any sums paid by you in respect of such jewellery items where we cannot provide the jewellery items in accordance with these terms, but we may deduct from that refund reasonable compensation for the net costs we will incur as a result of your ending the contract.
11.4 What happens if you end the contract without a good reason. Unless you have a right to end the contract immediately (see clause 11.2), the contract will not end until 30 days after the day on which you contact us, provided that this is after the 12 month initial period and subject to clause 6.4. We will refund any advance payment of fees you have made to us in respect of such items which will not be made available to you. For example, if you tell us you want to end the contract on 4 February we will continue to supply the item until 3 March. We will only charge you Service Fees for supplying the item up to 3 March and will refund any Service Fee sums you have paid in advance for the supply of the item after 3 March.
11.5 Returning items after ending the contract. If you end the contract whilst you are in a period of possession of the jewellery piece, you must return the jewellery item to us, using our collection service. We will arrange to pick the jewellery item up from you and will contact you to arrange this.
12. OUR RIGHTS TO END THE CONTRACT
12.1 We may end the contract if you break it. We may end the contract at any time by writing to you if:
12.1.1 you do not make any payment to us when it is due and you still do not make payment within 7 days of us reminding you that payment is due;
12.1.2 you do not, within a reasonable time of us asking for it, provide us with information that is necessary for us to provide the items;
12.1.3 you re-locate outside of London;
12.1.4 you do not, within a reasonable time, allow us to deliver the items to you or collect the items from you; or
12.1.5 You violate any of the Owner T&Cs for the handling of the jewellery while in their possession.
12.2 You must compensate us if you break the contract. If we end the contract in the situations set out in clause 12.1 we will refund any money you have paid in advance for items we have not provided but we may deduct or charge you reasonable compensation for the net costs we will incur as a result of your breaking the contract.
13. IF THERE IS A PROBLEM WITH THE ITEM
13.1 How to tell us about problems. If you have any questions or complaints about the item, please contact us. You can telephone us at +44 203 579 3504 or write to us at email@example.com or Berkeley Square House, Berkeley Square, London, W1J 6BD
13.2 Summary of your legal rights. We are under a legal duty to supply items that are in conformity with this contract. See the box below for a summary of your key legal rights in relation to the item. Nothing in these terms will affect your legal rights.
This is a summary of your key legal rights. These are subject to certain exceptions. For detailed information please visit the Citizens Advice website www.adviceguide.org.uk or call 03454 04 05 06.
If your item is goods, for example, jewellery, the Consumer Rights Act 2015 says goods must be as described, fit for purpose and of satisfactory quality. During the expected lifespan of your item your legal rights entitle you to the following:
up to 30 days: if your goods are faulty, then you can get an immediate refund.
up to six months: if your goods can't be repaired or replaced, then you're entitled to a full refund, in most cases.
up to six years: if your goods do not last a reasonable length of time you may be entitled to some money back.
13.3 Your obligation to return rejected items. If you wish to exercise your legal rights to reject items you must allow us to collect them from you. We will arrange this directly with you.
13.4 Your right to change your mind. We, Covett Enterprises Ltd of Berkeley Square House, Berkeley Square, W1J 6BD offer the following guarantee which is in addition to your legal rights (as described in clause 13.2) and does not affect them. If you change your mind about an item either before it is procured by us, or if we already that hold that item, before it is delivered, please contact us to arrange for a full refund of your Co-Ownership Fee. If you have received the unwanted item you must contact us to arrange for us to pick the item up at your own expense. This guarantee is only offered to consumers resident in the UK.
14. OUR RESPONSIBILITY FOR LOSS OR DAMAGE SUFFERED BY YOU
14.1 We are responsible to you for foreseeable loss and damage caused by us. If we fail to comply with these terms, we are responsible for loss or damage you suffer that is a foreseeable result of our breaking this contract or our failing to use reasonable care and skill, but we are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time the contract was made, both we and you knew it might happen, for example, if you discussed it with us during your co-ownership application process.
14.2 We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury caused by our negligence or the negligence of our employees, agents or subcontractors; for fraud or fraudulent misrepresentation; for breach of your legal rights in relation to the items as summarised at clause 13.2.
14.3 We are not liable for business losses. We only supply the items for domestic and private use. If you use the items for any commercial, business or re-sale purpose we will have no liability to you for any loss of profit, loss of business, business interruption, or loss of business opportunity.
15. HOW WE MAY USE YOUR PERSONAL INFORMATION
16. OTHER IMPORTANT TERMS
16.1 We may transfer this agreement to someone else. We may transfer our rights and obligations under these terms to another organisation. We will contact you to let you know if we plan to do this. If you are unhappy with the transfer you may contact us to end the contract within one month of us telling you about it and we will refund you any payments you have made in advance for items not provided.
16.2 Transferring your rights to someone else. You cannot transfer your share to someone else in accordance with clause 6.4, however, shares can be gifted or willed in the event you pass away provided that it is done through a formal and legal transaction, with notice to us and upon the gifted party applies to be a Covett Co-Owner and acceptance by the transferee of all of these terms of being a co-owner.
16.3 Nobody else has any rights under this contract. This contract is between you and us. No other person shall have any rights to enforce any of its terms.
16.4 If a court finds part of this contract illegal, the rest will continue in force. Each of the paragraphs of these terms operates separately. If any court or relevant authority decides that any of them are unlawful, the remaining paragraphs will remain in full force and effect.
16.5 Even if we delay in enforcing this contract, we can still enforce it later. If we do not insist immediately that you do anything you are required to do under these terms, or if we delay in taking steps against you in respect of your breaking this contract, that will not mean that you do not have to do those things and it will not prevent us taking steps against you at a later date. For example, if you miss a payment and we do not chase you but we continue to provide the items, we can still require you to make the payment at a later date.
16.6 Which laws apply to this contract and where you may bring legal proceedings. These terms are governed by English law and you can bring legal proceedings in respect of the items in the English courts. If you live in Scotland you can bring legal proceedings in respect of the items in either the Scottish or the English courts. If you live in Northern Ireland you can bring legal proceedings in respect of the items in either the Northern Irish or the English courts.
16.7 Alternative dispute resolution. Alternative dispute resolution is a process where an independent body considers the facts of a dispute and seeks to resolve it, without you having to go to court. If you are not happy with how we have handled any complaint, you may want to contact an alternative dispute resolution provider.
COVETT ENTERPRISES LTD
Acknowledgement and Agreement to Terms and Conditions:
I acknowledge that I have read the Covett Enterprises Ltd Co-Ownership Terms and Conditions and I understand that I must comply with them as a Co-Owner of any Covett jewellery pieces that I co-own or borrow as part of my co-ownership agreement.