Purchase Terms

InPlanet Carbon Removal Credit Purchase Terms and Conditions

1. Introduction

Welcome to InPlanet. These Terms and Conditions (“Terms”) govern your purchase of future delivery Enhanced Rock Weathering (ERW) carbon removal credits (“Credits”) through our website (the “Site”). By purchasing Credits from InPlanet (“InPlanet,” “we,” “us,” or “our”), you (“Buyer,” “you,” or “your”) agree to be bound by these Terms. Please read them carefully.

2. Definitions

InPlanet: Refers to InPlanet, the entity selling the ERW carbon removal credits.
Credits: Refers to the future delivery ERW carbon removal credits offered for sale on the Site.
ERW: Refers to Enhanced Rock Weathering, the carbon removal methodology.
Delivery Date: Refers to the estimated date or period when the Credits will be delivered to the Buyer, as specified in these Terms.
Purchase Price: Refers to the total amount payable by the Buyer for the Credits.
Site: Refers to the InPlanet website where the Credits are offered for sale.

3. Purchase and Payment

3.1 Pricing: All prices for Credits posted on the Site are subject to change without notice. The Purchase Price charged for Credits will be the price in effect at the time the order is placed and will be set out in your order confirmation email. Price increases will only apply to orders placed after such changes are implemented on the Site.
3.2 Taxes and Charges: Posted prices do not include applicable taxes (such as VAT) or any charges for transaction or processing fees. All such taxes and charges will be added to your Purchase Price total and will be itemized in your shopping cart and in your order confirmation email.
3.3 Payment: Payment must be made in full at the time of purchase. InPlanet reserves the right to refuse or cancel any order if payment is not received or is deemed fraudulent.
3.4 Payment Processing: InPlanet utilizes secure third-party payment processors. While InPlanet takes reasonable precautions to ensure the security of payment transactions, InPlanet is not responsible for any errors or security breaches that may occur with these third-party processors.

4. Carbon Removal Credits and Isometric Registry

4.1 Nature of Credits: InPlanet’s Credits represent the removal of atmospheric carbon dioxide through Enhanced Rock Weathering (ERW) projects. These Credits are issued based on robust monitoring, reporting, and verification (MRV) methodologies. Each credit reflects the net removal of one (1) tonne of CO2 from the atmosphere.
4.2 Verification: The carbon removal achieved by InPlanet’s projects is verified by Isometric, an independent third-party verification body, ensuring adherence to rigorous scientific standards.
4.3 Registry: Credits purchased through this website will be issued and transferred through Isometric’s carbon registry, providing a transparent and auditable record of ownership.
4.4 MRV Methodology: The carbon removal is measured and verified using Isometric’s Enhanced Rock Weathering (ERW) in Agriculture methodology.
4.5 Non-Financial Instrument: Credits are not financial instruments, securities, or investments. They represent an environmental attribute.
4.6 Claiming Usage: Upon purchase, you may use the Credits to claim carbon removal. Isometric will provide you with documentation of your purchase, detailing the quantity of credits and the corresponding carbon removal.
4.7 Project Risk: The Buyer understands that the Credits purchased for future delivery are dependent on the success of future carbon removal. InPlanet will make every reasonable effort to achieve the carbon removal goals. If, for some reason, the carbon removal targets are not met, InPlanet will work with the Buyer to provide comparable Credits or a refund.
4.8 No Resale or Transfer: Unless explicitly agreed upon in writing by InPlanet, Credits purchased through the direct checkout function are intended for the Buyer’s own use and cannot be resold or transferred outside of the Isometric registry. For Buyers intending to resell, please get in touch with InPlanet and/or Isometric so we can ensure setting up an account within the Isometric registry and update your order accordingly.

5. Future Delivery

5.1 Delivery Deadline: InPlanet commits to delivering the purchased Credits within two (2) years of the purchase date.
5.2 Factors Affecting Delivery: The delivery of Credits within the 2-year timeframe may be subject to factors beyond InPlanet’s control, including but not limited to:
- Variations in ERW process efficiency.
- Environmental conditions.
- Regulatory changes.
- Supply chain disruptions.
5.3 Delivery Updates: InPlanet will notify the Buyer of any significant delays affecting the overall 2-year delivery commitment.
5.4 Credit Registration and Tracking: The Credits will be registered and transferred to the Buyer using the Isometric registry.

6. Refunds and Cancellations

6.1 Buyer Cancellation: The Buyer has the right to cancel their order within 48 hours of purchase. To cancel, the Buyer must send a written notice to sales@inplanet.earth.
6.2 InPlanet Cancellation: InPlanet reserves the right to cancel any order at its discretion. While InPlanet will generally avoid canceling orders, circumstances may arise that necessitate cancellation.
6.3 Refund Upon Cancellation: In the event of a cancellation by either the Buyer (within the 48-hour window) or InPlanet, a full refund of the Purchase Price will be issued to the Buyer.

7. Privacy

7.1 Data Use: InPlanet handles personal data per its Privacy Policy on the Site: https://inplanet.earth/privacy-policy/. By purchasing Credits, you agree to this.
7.2 Data Sharing: Data may be shared with necessary third parties (e.g., payment processors, Isometric) in compliance with data laws, including GDPR where applicable.

8. Limitation of Liability

8.1 Limitation of Liability: Notwithstanding any other provision in these Terms, InPlanet’s total aggregate liability arising from or related to the purchase of Credits, whether in contract, tort (including negligence), or otherwise, shall be limited to the Purchase Price paid by the Buyer for the specific Credits in question.
8.2 Exclusion of Consequential Damages: In no event shall InPlanet be liable for any indirect, incidental, consequential, special, or punitive damages, including but not limited to loss of profits, revenue, or business opportunities, even if InPlanet has been advised of the possibility of such damages.
8.3 Indemnification by Buyer: The Buyer agrees to indemnify, defend, and hold harmless InPlanet, its affiliates, and their respective officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys’ fees) arising out of or in connection with:
- The Buyer’s breach of these Terms.
- The Buyer’s use of the Credits in a manner not authorized by InPlanet.
- Any claims made by third parties relating to the Buyer’s use of the Credits, including any claims related to the Buyer’s public statements regarding the carbon removal.
8.4 Force Majeure: InPlanet shall not be liable for any failure or delay in performing its obligations under these Terms due to events beyond its reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, civil unrest, labor disputes, and government regulations.

9. Intellectual Property

All content on the Site, including but not limited to text, graphics, logos, and images, is the property of InPlanet and is protected by intellectual property laws.
The Buyer may not reproduce, distribute, or modify any content from the Site without InPlanet’s expressed written consent.

10. Governing Law and Dispute Resolution

10.1 Governing Law: These Terms shall be governed by and construed in accordance with the laws of Germany.
10.2 Out-of-Court Resolution: Before initiating any legal proceedings, both parties agree to first attempt to resolve any disputes amicably through out-of-court negotiations.
10.3 Jurisdiction: If out-of-court negotiations fail to resolve the dispute, any legal proceedings shall be brought exclusively in the courts of Germany.

11. Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable for any reason, such provision shall be severed, and the remainder of the Terms shall continue in full force and effect as if the invalid, illegal, or unenforceable provision had never been included.

12. Assignment

The Buyer shall not assign, transfer, or delegate any of its rights or obligations under these Terms without the prior written consent of InPlanet. Any attempted assignment, transfer, or delegation in violation of this provision shall be null and void. InPlanet may assign its rights and obligations under these Terms without the Buyer’s consent.

13. Changes to Terms

InPlanet reserves the right to modify these Terms at any time.
Any changes to these Terms will be posted on the Site.
The Buyer’s continued use of the Site and purchase of Credits after any changes to these Terms constitutes acceptance of those changes.

14. Notices

All notices regarding these Terms should be sent to InPlanet via email at: sales@inplanet.earth. Notices to you will be sent to the email address you provided during purchase.

15. Publicity

15.1 Limited Use: InPlanet may use the Buyer’s company name and logo to identify the Buyer as a purchaser of its Credits. Any other use requires the Buyer’s prior written consent.
15.2 No Public Statements: Neither party shall issue any public statement regarding the purchase of the Credits without the other party’s prior written consent.

16. Entire Agreement

These Terms constitute the entire agreement between InPlanet and the Buyer concerning the purchase of Credits and supersede all prior agreements and understandings.

By clicking “Purchase” or proceeding with the checkout, you acknowledge that you have read, understood, and agree to these Terms & Conditions.