Term of Consignment:
Consignment terms will vary depending on market conditions. A review of the consignment may be made after 60 days if unsold, or otherwise determined by the consignee.
Pricing and Commission:
– Sale Price: Determined by Upscale Resale after appraisal of the item. The sale price may change depending on how long the item sits in the store, market conditions, and may be negotiated with customers.
– Consignee Commission (50% of the sale price): $_____________________ (Estimated)
– Consignor Share (50% of the sale price): $_____________________ (Estimated)
Payment Method:
– Payment to the Consignor will be made in cash after the sale of the item.
Terms and Conditions:
1. Responsibility for Items:
The Consignee will clean, recondition, and merchandise the consigned items. The Consignee will handle items with care and store them securely. However, the Consignee is not liable for loss, theft, or damage to the consigned items including normal wear and tear. The Consignor is encouraged to obtain insurance for high-value items. Unsold items will be returned reconditioned, cleaned, or unchanged depending on the needs of the specific item, including normal wear and tear.
Cancellation of Consignment:
The consignment can be canceled by either party at any time prior to the sale of the item.
However, if the Consignor cancels the consignment, a cancellation fee of $300 will be charged.
3. Unsold Items:
At the end of the consignment term, the Consignor may retrieve unsold items or allow the Consignee to donate or dispose of them. If the Consignor cancels the consignment, a cancellation fee of $300 will be charged. Items not retrieved within 14 days after notice will be considered abandoned. If the cancellation fee is not paid Upscale Resale reserves the right to sell, donate, or dispose of any consignment items listed.
4. Trading Options:
The Consignee offers trading options, which function as a buyout of the consignment. If the Consignor opts for a trade, they will receive their share of the total amount Upscale Resale is able to obtain based on current market conditions for their item.
5. Marketing and Advertising:
The Consignee will reserve the right to market, and deliver the consigned items at no additional charge, ensuring maximum exposure.