Consignment Agreement Contract
Retained Fees- Upon sale of any property, the consignor shall receive:
50% Commission of the final selling price up to $99.99, excluding buyers' fees
60% Commission of the final selling price between $100.00 and $1,999.99, excluding buyers' fees
70% Commission of the final selling price $2,000.00 and over, excluding buyers' fees
Terms- The Consignment Term is 60 days from the date of drop off by the consignor.
Early Contract Cancellation Fee- The consignor may terminate this agreement at any time by giving Consignment Corner written notice. There is a 15% cancellation fee based on the original selling price of the reclaimed items, paid at the time of removal from our showroom.
Pickups- All unsold items must be picked up by the consignor between the 55th and 60th day of the consignment term (refer to items list PKUP Date is the 60th day). Consignors are responsible for locating their own items. All items not picked up after the end of the consignment term will, WITHOUT FURTHER NOTICE, become property of Consignment Corner.
Pricing & Price Reductions- Consignment Corner will have the exclusive right to price and sell the property and all items consigned may be subject to price reduction at the discretion of Consignment Corner.
· Discount Schedule-
Items will be reduced 10% on the 21st consignment day.
Items will be reduced an additional 10% on the 35th consignment day.
Items will be reduced an additional 10% on the 45th consignment day.
· Buyer’s Fees (Item Fees) - A small fee similar to a buyers' premium at auction will be added to the price of each item. This fee is paid by the purchaser and is not reflected on the consignors itemized list nor the selling price.
Record Keeping- It is the responsibility of consignor to maintain all records and terms of consigned merchandise. Consignors may track their sales by going onto www.consignmentcorner.net and by clicking on the consignor login link. To login simply type in your email address: EMail and type in your password:which will Be Provided On Your Signed Contract
Consignment Payments- Consignment Corner will mail checks out on the first of each month to accounts that have a balance of $10.00 and over . A processing fee of $1.50 will be deducted from consignors checks each time a check is mailed.
Liability- Consignment Corner assumes no responsibility and is hereby relieved from any and all liability, claim, or charges in the event of loss of merchandise by reason of fire, flood, theft, burglary, or any other cause. Consignment Corner does not provide insurance for consignment items. The consignor has the responsibility to carry their own insurance for merchandise.
By electronically signing this contract, I hereby affirm that I have read, understand, and agree to the terms stated in the above Consignment Agreement.