TOO GOOD TO BE THREW, INC. CLOTHING CONSIGNMENT CONTRACT
13413 SAN PEDRO, SAN ANTONIO, TX 78216 (210) 340-2422
This is a Consignment Agreement between the Merchandise Owner (Owner), and TOO GOOD TO BE THREW (TGTBT). The parties agree as follows:
My true identification is:
Owner appoints TGTBT as an agent for the sale of items of merchandise consigned with TGTBT for a period of 90 days from the date of consignment. All prices are determined by TGTBT. At the end of the initial 30 day consignment period, TGTBT will reduce the sales price of the consignments by 20%. After an additional 30 day consignment period (60 days total), TGTBT will reduce the sales price of consignments by 20% more. In addition, TGTBT may further reduce items according to sales events or unforeseen condition of items regardless of the date of consignment. One-time VIP Membership dues of $10.00 will be deducted from your first consignment check. This will give you exclusive on-line access to your account at all times.
TGTBT shall pay Owner 40% of the sales price for items priced under $100.00, 50% of the sales price for items priced between $100.00 and $999.00, and 60% of the sales price on items listed for $1000.00 or more.
One-time VIP membership dues of $10.00 will be deducted from your first consignment check. This will give you exclusive on-line access to your account at all times. There is a buyer’s fee of $3.95 for each item priced between $2.00 and $49.99. Items priced between $50.00 and $149.99 will have a buyer’s fee of $4.95 and items priced over $150.00 will have a buyer’s fee of $9.95. This fee is a small amount added to the cost of an item that is not part of the 50/50 split. This fee is used to cover a variety of merchandising costs involved in getting your item to the floor and selling it. For example, a sofa priced at $120.00 will have a $4.95 fee added and the tag will read $124.95. The 50/50 split will be calculated on the $120.00 price of the item. The fee is automatically deducted from the consignor split when an item is sold. The consignor will be charged for any cleaning or repair charges deemed necessary by TGTBT.
Owner must give notice 10 days prior to Consignment Expiration Date in order to pick-up any items not sold. Only items priced above $50.00 will be eligible for pick-up. Any items not reclaimed by Owner one week after set pick-up date will become the exclusive property of TGTBT and may be sold to recover expenses or donated to a charitable organization. A tax receipt will be available upon request for any items donated by TGTBT. It is the Owner’s sole responsibility to monitor the consignment term.
There is a buyer’s fee of $3.95 for all items priced below $100, $4.95 for items priced between $100 and $999 and $10.95 for items priced over $1000. This fee is a small amount added to the cost of an item and is not part of the split. Example, a handbag priced at $85 will have the $3.95 fee added and the tag will read $88.95. Your split will be calculated on the $85 price of the item. The $85 is what you will see listed in your on-line account.
Owner may pick-up item(s) before consignment term is up, however, there will be a 20% penalty fee based upon the original sale price of each item pulled. Once Owner has contacted TGTBT to pull items early, Owner has 7 days to pick-up items. If item(s) are not picked up in 7 days, item(s) will be retuned back into Owner’s account and placed on the sales floor until consignment period ends. Payment for returned item(s) will be either deducted from account or paid upon pick-up.
TGTBT shall make every effort to protect your consignments. However, all risk of loss of consignments is specifically retained by Owner. TGTBT shall not be responsible for any damage to or loss of Owner’s merchandise for any reason. Please check with your Homeowner’s Insurance Agent to confirm coverage of these items while at TGTBT.
Commission checks for Consignor earnings of $75 or more are issued for the prior month’s sales by the 20th of the month. A $2.00 processing fee per check will be deducted from each check issued. Consignor shall be responsible for any fees associated with lost checks by mail. Payments for Consignor earnings less than $75 will be payable in cash at the store location checked above at the end of the consignment contract, or if all active items have been sold. It is the sole responsibility of the Consignor to inquire about consignment earnings associated with this agreement. Earnings for layaway transactions are payable to the consignor upon receipt of the final payment.
This agreement shall cover all items presently or hereafter consigned with TGTBT by Owner and shall continue in force until terminated or superseded by an agreement bearing a later date.
In compliance with Laws of the State of Texas, Owner does hereby warrant and state the following: I am the Owner of the merchandise which I am hereby consigning and I have the right to possess and sell such property.