Terms for Consigning   Ver. 5110  Effective after 4/15/2010

MEN’S EXCHANGE  

 

How Items are consigned. You are the consigner.  The store is the consignee.

 

Consignment period is ninety days.  See Reclaiming your item below.  Unsold items left after 120 days are abandoned by you and become property of Men’s exchange to recycle, sell or otherwise remove for disposal. 

 

Percentage of commission Terms are set on individual accounts and individual items.  The consignment ticket is part of this agreement and will be posted with any additional terms.  Our terms are a percentage of the sale based on the actual price when sold.  See our percentage scale attached to this agreement.

 

Condition of Items:  All items are to be in working condition.  Items returned by purchasers for undisclosed flaws can be disposed of as necessary including recycling or trash.   We do not have space to store items that were improperly consigned and our tracking system does not include contact information by item.

 

Men’s Exchange may from time to time run a percentage off promotion which will discount any item up to 10%.

 

There is a charge of .50 for mailing commission payments.

 

Reclaiming your item

Items can be reclaimed with no charge between 90 and 120 days from consignment ticket date. Items can be re-claimed prior to that by purchasing them back at the current store selling price,  Commission is deducted from the repurchase price at time of sale.  This acts a payment to Men’s Exchange for space and handling.  Items donated for recycling do not qualify for any discount.

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Clearance of Goods.

Discount Schedule:   

The Retail Price of your item may be raised or lowered without notice during the consignment period.   Men’s Exchange reserves the right to re-price an item at any time information on value requires a re-assessment.    Men’s Exchange reviews the price of each item every 30 days.  .

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Payment is made after claim ticket for sold item is presented by the consigner.  Checks are available after the 15th of the following month in which they are sold.   This is required processing time for sale and possible returns.

Mechanical/Electrical items subject to return are not paid until 30 days after the sale date.

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: All goods are placed in the store at your request, remain your property and are only insured by you if you have your own insurance.  Men’s Exchange accepts no liability for any loss of any item through theft or damage or destruction of item.

 

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

 

 

Name:           _______________________________________________

 

 

 

Signature:    _______________________________________________     Date: _____________________

 

The consignment period is 90 (ninety) days.  No commission is paid on items sold after ninety days Do not consign an Item if you do not agree with this standard consignment business process.

 

Copyright 2010 Men’s Exchange