Consignor Contract

Consignor Contract
 Pre-Owned Luxury 
customerservice@preownluxury.com
614-254-2941
Effective June 11, 2023

 

Merchandise Consignment Terms and Conditions Disclosure:

The Consignment Contract binds the Merchandise Consignment Terms and Conditions listed herein, which is your agreement of these terms listed in this disclosure. Pre-Owned Luxury herein will be referred to as Consignee”.  The consignor will herein be referred to as a Consignor” or You”.

Condition of Acceptance:

Items for consignment are accepted in wearable conditions only. Consignor” is to state if any items have been altered in any way including but not limited to: sizing (larger or smaller), altering appearance in any way, or any trim or hardware changes. No stains, odors, tears, or missing buttons. By consigning or shipping items for consideration the Consignee” will notify you” within 3 days of any returns which may include items deemed not in sellable condition. Items not accepted will be shipped back to “Consignor” within 5 business days after delivery. Return shipping cost is the responsibility of “Consignor”. 

Lawful Owner:

You” acknowledge by signing the contract you guarantee that you are the rightful owner or you are acting on behalf of a person(s) who have given you authority to sell such items on their behalf. Consignee” is an acting agent only on behalf of Consignor” and therefore not responsible for any damages, penalties, fines, fees or judgments for any issue arising due to the rights of the lawful owner of the merchandise being placed on consignment.

Authenticity of Merchandise:

Only original, authentic designer items are accepted. The Consignor” acknowledges that none of the items consigned are counterfeit and the label, trademark insignia, logo, design, authenticity information or embossing are authentic to the prospective designer. Any items where is proved otherwise will be returned back to “Consignor” within 7 business days.

Consignment period:

Consignment period is 4 months from the day of consignment.

Non-Compete:

Any items on consignment will not be listed for sale or sold privately by the Consignor”. Consignee” reserves the right to close the Consignors” account if violated.

Pricing/Pricing Adjustments: 

In the event a reserve price is requested, the reserve price will be in effect for the 1st 30 days of the consignment. Thereafter, the reserve price will be reduced incrementally at the Consignees” discretion. Consignee” is authorized to discount 10% without consulting “Consignor” should a purchaser request a discount. The “Consignor” agrees to the following automatic discount schedule: 30 days after consignment - 10%, 60 days after consignment - 20%, 90 days after consignment - 30%.

 

 

Payments/Split Percentage:

The Consignor” will receive % of the selling price of consigned item(s). The Consignor” can receive up to 85% of the selling price of certain consigned items, such as but not limited to Chanel, Hermes, and other high valued items. Any percentage higher than 65% will be discussed between the Consignor” and the Consignee” and be noted into the consignment receipt.

 

Sold Price

Consignor’s Commission

0-$499

65%

$500-$1,499

75%

$1,500-$3,999

80%

$4,000-…

85%

 

Consignor Payments:

“Consignor” will receive the payment 30 days after the item is sold in any convenient for “Consignor” method of payment.

 

Consignment Returns:

The Consignor” agrees to contact consignee within 48 hours to request return of consigned item(s). A $150.00 early withdrawal fee per item will be assessed if requested before the end of the consigned period, and $150 if the item doesn’t sell. A request must be made either in writing or via email. It is the responsibility of the Consignor” to contact the Consignee” by email or phone to return unsold items at the end of the consignment period. Return shipping cost is the liability of  “Consignor”.

 

Use of Merchandise:

Consignee” has the right to utilize any and all merchandise for photo, video, movie, television, and other productions while on consignment. 

Indemnification:

If a sold item has been determined and proven to be a counterfeit item, then the “Consignor” agrees to indemnity Pre-Owned Luxury of any damage that the Consignee” may have or may perhaps assume including any and all legal fees, fines, judgments and settlements without limitation. Also, for any claims brought against ”Consignee” by the Consignor” including legal fees if Consignee” deemed not liable.

 

Acceptance of Consignment Terms and Conditions: 

 By signing this contract, the Consignor” understands and agrees to all the terms and conditions of this contract. By signing below the Consignor” certifies and fully understands and agrees to the terms and conditions in the Merchandise Consignment Terms and Conditions Disclosure.  Consignor” also states that all information on this document is true and correct.  

 

 

 

 

Date of Contract:

 

Print Name: 

 

Address: Phone:  

 

 Email: 

 

 Signed in agreement (consignor),

 

Signed in agreement (consignee),