Terms for Consigning   Effective after 10/1/2011

MEN’S EXCHANGE®

You may make from 0% to 70% commission on an item. Read our terms.

How Items are consigned. You are the consigner.  The store is the consignee.  There is no annual fee.

 

Consignment period is ninety days. 

·              Percentage of commission Terms start at 50%. 

·              Higher commissions are available on certain items over $150 by written agreement only.

·              Our terms are a percentage of the sale based on actual selling price.   

·              There is a $2.00 tagging charge per item when sold, collected from payment.

·              Any agreed additional fees are collected from payments.

·              Commission payment is reduced by 5% every 30 days of consignment to pay for use of store space.

·              Items are sold after 120 days receive no commission, proceeds pay for store use of space.

 

Condition of Items: 

·          All items are to be in clean working condition. 

·          Items returned by purchasers or found with undisclosed flaws can be disposed of as necessary including Disposal.

·          Improperly consigned items are disposed of without notice unless an e-mail is provided.

·          Any item left at store without receiving a completed consignment receipt becomes donated store property. 

·          Allow  time to consign. 

·          You must completely fill out consignment form and price each item.  Items may be rejected for price.

·          Minimum price value for each item must be over $25.00

·          Small tools valued less than $25.00 may be donated to recycle or bulk purchased at 25% of initial sale price. As store deems appropriate.

 

Reclaiming your item

Ther is a $10.00 charge to reclaim an item before 60 days from on sale date. 

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Clearance of Goods.

Discount Schedule:   

1.        The Retail Price of your item may be raised or lowered without notice during the consignment period.  

2.        Men’s Exchange reserves the right to re-price an item at any time information on value requires a re-assessment.   

3.        Men’s Exchange reviews the price of each item every 30 days and reduces selling price by up to 20%.

4.        Items with undisclosed defects are subject to disposal without any payment.

5.        Items left after 120 days are abandoned and become property of Men’s Exchange to recycle, sell or remove for disposal. 

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PAYMENTS:

·          Payments are available at store after the 15th of the following month.

·          Payments are not mailed.

·          Account payments are made on balances over $15.00 only.  Balances are accrued until that amount is available.

·          Payments may not be issued in April or August due to seasonal cash flow.

·          Checks are processed to each account once per month only.

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Liability: We will do our best to safeguard your items but we are not responsible for shop theft, loss or damage.  Used items have no value until purchased.  Items remain your property for insurance purposes.

 

Store hours are subject to change without notice.  Store may be closed one week each season for stock and inventory and as business dictates.

Do not consign an Item if you do not agree with this standard consignment business process.

I understand and accept these terms.

 

 

 

 

 

 

Copyright 2011 JC Callaghan/ Men’s Exchange® All Rights Reserved

Name _________________________________________    Member Number _____________________

 

 

Signature ___________________________________  Date: ____________________________________