Consignment Agreement Component - Best Replica Handbag Shop

This Consignment Agreement (the “Agreement”) is entered into by and between Best Replica Handbag Shop (“Best Replica Handbag Shop,” “we,” “our,” or “us”) and the undersigned consignor (“Consignor,” “you,” or “your”). By consigning property with Best Replica Handbag Shop, you agree to the following terms and conditions.

I. Incorporation of Terms of Service

Best Replica Handbag Shop’s Terms of Service are incorporated into this Agreement by reference. In the event of any conflict between the Terms of Service and this Agreement, the provisions of this Agreement shall control.

II. Best Qualityity of Property

(a) Consignor represents and warrants that all property consigned to Best Replica Handbag Shop is authentic, lawfully owned, and free of encumbrances.

(b) Best Replica Handbag Shop guarantees the authenticity of all items it sells to buyers. If authenticity is challenged, investigated, and successfully proven, Best Replica Handbag Shop shall provide the buyer with a full refund.

(c) Best Replica Handbag Shop reserves the right to make an immediate internal determination that property is counterfeit or inauthentic without requiring third-party verification. Such determination may be rendered by designated Best Replica Handbag Shop authenticators, including but not limited to specialists with completed authentication training.

(d) Best Replica Handbag Shop authenticates all property using both internal and external third-party experts. In the event an item is determined to be counterfeit or materially misrepresented, the consignor may retrieve the item by reimbursing Best Replica Handbag Shop for incurred authentication and handling expenses (a flat fee of $450 USD unless actual costs exceed this amount, in which case Best Replica Handbag Shop may provide itemized proof). If not retrieved within thirty (30) days, item shall be deemed forfeited and Best Replica Handbag Shop may dispose of it in accordance with law.

(e) Consignor indemnifies Best Replica Handbag Shop against any costs, damages, claims, or liabilities arising from counterfeit or misrepresented items.

III. Services Provided by Best Replica Handbag Shop

Upon receipt of property, Best Replica Handbag Shop shall authenticate, evaluate, and determine its market value. Best Replica Handbag Shop shall provide professional photography, descriptions, listings, marketing, and may sell property through multiple channels, including but not limited to online platforms, retail locations, auctions, and livestream sales. All photography, video, and marketing assets created by Best Replica Handbag Shop remain Best Replica Handbag Shop’s sole intellectual property, and Consignor grants Best Replica Handbag Shop the right to use such assets in its sole discretion.

IV. Consignment Term

(a) The initial consignment term shall be ninety (90) days.

(b) Best Replica Handbag Shop may, in its discretion and on an as-needed basis in alignment with the needs of the business, apply markdowns to consigned property. Such markdowns will not exceed the scheduled amounts outlined below:

For items valued under $5,000 CAD: 10% reduction after 30 days; 15% after 60 days; 20% after 90 days; eligible for up to 30% off after 180+ days (including promotions and sales).
For items valued above $10,000 CAD: 5% reduction after 45 days; 10% after 90 days; 15% after 120 days; eligible for up to 20% off after 180+ days.

(c) Consignment shall not exceed three hundred sixty-five (365) days unless extended in writing by mutual agreement. If property remains unsold and the Consignor fails to respond to Best Replica Handbag Shop’s notice, the property shall be deemed abandoned after sixty (90) days of non-response from initial communication method, at which time Best Replica Handbag Shop may donate, recycle, or destroy the property.

V. Early Consignment Withdrawal

(a) Consigned property must remain with Best Replica Handbag Shop for a minimum consignment period of ninety (90) days. Requests for return prior to this period may be granted at Best Replica Handbag Shop’s discretion and shall incur a two hundred fifty dollar (USD $250) fee per item.

(b) After the ninety (90) day minimum consignment period, Consignors may request the return of unsold property with no penalty fee, but must either provide a prepaid shipping label, or pay a label fee.

(c) If any property remains unsold upon the expiration of the consignment term (which shall not be less than ninety (90) days and not more than three hundred sixty-five (365) days), Best Replica Handbag Shop shall make at least two good-faith attempts to contact the Consignor, including at least one written notice sent to the Consignor’s last known mailing address. If the Consignor does not respond within ninety (90) days following the expiration of the maximum consignment term, the property shall be deemed abandoned. Upon such abandonment, Best Replica Handbag Shop may, in its sole discretion, donate, recycle, sequester for educational purposes, or otherwise dispose of the property without further notice or liability.

VI. Pricing and Reductions

(a) Best Replica Handbag Shop shall determine the initial listing price in its sole discretion based on market data, demand, and condition of the property.

(b) If the property’s condition or attributes materially differ from Consignor’s submission and description provided therein, Best Replica Handbag Shop may unilaterally adjust the price to better reflect the changes.

Best Replica Handbag Shop will provide notice of any such revision to the Consignor. If Best Replica Handbag Shop does not receive a response within five (5) business days of such notice, the property will not be listed and shall instead be subject to a new quote. Options previously provided, including but not limited to a buyout, may no longer be available at Best Replica Handbag Shop’s discretion in accordance with internal guidelines.

VII. Delivery, Risk of Loss, and Insurance

(a) Consignor bears all risk of loss or damage to property until Best Replica Handbag Shop takes physical possession or until a carrier accepts shipment using a Best Replica Handbag Shop–approved shipping label, when applicable.

(b) If property is lost, stolen, or damaged while in Best Replica Handbag Shop’s possession, Best Replica Handbag Shop shall treat the property as sold at its agreed-upon listing value (net of commission and applicable fees) provided to Consignor at intake. This ensures Consignor receives the same payout they would have earned had the property sold in the ordinary course of business.

(c) Best Replica Handbag Shop disclaims liability for property approved for return but uncollectsed within thirty (30) days of notification.

VIII. Title to Property

Consignor retains title until property is sold. Property shall be deemed sold when (i) it is sold to a customer, or (ii) it is lost, stolen, damaged, or destroyed while in Best Replica Handbag Shop’s possession.

IX. Consignment Rates

Unless otherwise agreed in writing, Best Replica Handbag Shop’s commissions shall be as follows, calculated on the final selling price net of applicable fees:

Up to $1000 | 40%

$1,001–$2,500 | 25%

$2,501–$5,000 | 20%

$5,001–$10,000 | 18%

$10,001+ | 15%

All commission brackets are determined by the item’s final sale price, calculated in the currency of the item’s location (United States Dollars or Canadian Dollars, as applicable).

Certain items may be eligible only for instant buyout offers at Best Replica Handbag Shop’s discretion.

X. Payment Terms

(a) For consignment sales, payouts shall be processed on the Friday following the sale of the item, provided the buyer has completed payment and the Consignor has requested payout through their account dashboard.

(b) For buyouts, payouts shall be processed within one to two (1–2) business days after the item has been received, authenticated, and processed, and the Consignor has requested payout.

(c) During periods of high order volume, bank delays, or operational constraints, Best Replica Handbag Shop reserves the right to extend payout timelines. Best Replica Handbag Shop shall notify Consignors of such delays via email or platform notification. Consignors acknowledge that payout timelines are estimates only and agree that Best Replica Handbag Shop shall not be held liable for variations.

XI. Amendments & Changes

(a) Best Replica Handbag Shop may amend commission structures or this Agreement upon ninety (90) days’ written notice. Consignors whose property is already in Best Replica Handbag Shop’s possession, or received on or prior to the date of such notice, may consign under the existing terms for the duration of their ninety (90) day minimum consignment period.

(b) If a Consignor declines to accept the revised terms, they may request the return of their property prior to the effective date of the new terms. In such cases, Best Replica Handbag Shop’s return fee shall be waived, but the Consignor shall provide their own shipping label.

(c) All property received after the date of such notice shall automatically be subject to the revised terms upon implementation.

XII. Warranties & Indemnification

(a) Consignor warrants that they are the lawful owner of all consigned property, that such property is authentic, free of liens, and does not infringe upon intellectual property or violate any law.

(b) Consignor shall indemnify, defend, and hold harmless Best Replica Handbag Shop and its affiliates from all claims, damages, losses, and costs (including reasonable attorneys’ fees) arising from issues of authenticity, ownership, legality, or third-party rights.

(d) Best Replica Handbag Shop will fully cooperate with and comply with all requests or investigations by law enforcement or regulatory authorities should any consigned property be flagged or suspected of being stolen, counterfeit, fraudulent, or otherwise unlawful.

XIII. Disclaimer of Warranties & Limitation of Liability

Best Replica Handbag Shop provides services on an “as is” basis without warranties of any kind. In no event shall Best Replica Handbag Shop’s liability exceed the commission actually received from the sale of Consignor’s property or the agreed minimum payout, whichever is applicable. For purposes of calculating any payout arising from loss, theft, or damage, the property’s value shall be based on Best Replica Handbag Shop’s discretionary discount cadence and/or the length of time the property had been listed. Accordingly, payouts may be reduced to reflect the age of the item and its corresponding adjusted net selling price. Best Replica Handbag Shop shall not be liable for indirect, incidental, special, or consequential damages.

XIV. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the Province of Alberta and the State of California, without regard to conflict-of-law principles. Venue for any disputes may be, at Best Replica Handbag Shop’s discretion, in the courts of Alberta, Canada or Orange County, California, United States.

XV. Entire Agreement

This Agreement, together with Best Replica Handbag Shop’s incorporated policies, constitutes the entire agreement between the parties and supersedes all prior agreements. Consignor may not assign this Agreement without Best Replica Handbag Shop’s prior written consent.

By consigning property with Best Replica Handbag Shop, you acknowledge that you have read and understood this Agreement, that you are the lawful owner of all consigned property, and that all items consigned are authentic to the best of your knowledge.

Thank you for your continued trust and confidence!

- Best Replica Handbag Shop

info@ldj.com