CONSIGNMENT AGREEMENT TERMS
- I agree to leave consigned items at Fashion Exchange for the duration of the contract term which is 60 days. I will only be paid on consigned items sold during the contract term. The first day of my contract term is reflected as Date Processed on the Item List which I will receive. Additionally, the last day of my contract term is indicated as Pickup Date, also reflected on the Item List. I understand that I am never required to pick up unsold items and am aware that consigned items not retrieved within 7 days of the Pickup Date will be considered abandoned and become the sole property of Fashion Exchange.
- If I choose to retrieve my unsold consignments, I will give Fashion Exchange 48 hours notice.
- I certify that all items presented by me for consignment are authentic. Additionally, I understand that any consigned items which are found to be counterfeit (also known as copies, knock-offs, fakes or dupes) will be immediately disposed of by Fashion Exchange. I certify that I own all legal rights to the items presented for consignment.
- I will receive 50% of the selling price of items which sell during the 60 day contract term net of any fees which will be passed on to the purchaser.
- My consigned items may be reduced up to 20% after 30 days and without restriction after 45 days.
- Any consigned items found to be defective after I have left Fashion Exchange will be reduced for a quick sale.
- I UNDERSTAND THAT FASHION EXCHANGE WILL NOT CONTACT ME CONCERNING THE STATUS OF MY ACCOUNT.
- Money I’ve earned is available to me at any time. Additionally, I can choose to leave money owed me in my account as a store credit to be used for any future purchases I may make. If I choose to have a check mailed to me, I understand that $1.00 will be deducted from any check less than $200. If I choose to pick up a check in person, I will give Fashion Exchange 24 hours notice so that a check can be prepared for me.
- I understand that Fashion Exchange permits Layaways and that I will not be paid for items placed in Layaway until they have been paid for in full by the purchaser.
- I understand that Fashion Exchange may hold periodic sales which would include my consigned items.
- Consigned items are left at my sole risk. Fashion Exchange will do its best to protect all merchandise, however, Fashion Exchange assumes no responsibility for loss or damage for any reason.
I UNDERSTAND AND AGREE TO THE ABOVE CONSIGNMENT TERM
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