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Consignor Lookup (filled out by Formally Yours):
All items will be inspected for flaws, cleanliness, and suitability for the store’s needs. Items must be clean and in good condition - odor, wrinkle, and stain free; no holes or tears; nor missing beads, sequins, or the like. They must be in resale-ready condition (ready to wear off-the-rack). We recommend items within approximately 3 years of age and newer. Formally Yours reserves the right to accept or decline item(s) at their discretion.
Ownership of items is retained by consignor during this contract period. Formally Yours Resale & Consignment, LLC (“Formally Yours”) assumes no liability for abandonment, theft, or damage resulting to the items from fire, flood, or wear from handling/trying on. It is the consignor’s responsibility to provide any desired insurance coverage for fire, flood, theft, or damage.
I, the consignor, agree to consign items for the purpose of resale by Formally Yours. The terms and conditions of the consignment contract between consignor and Formally Yours are as follows:
_____¬ This consignment contract is valid for 180 days (the “Term”). If the end of the Term falls on a day Formally Yours is not open, then this agreement shall terminate on the next open business day. Formally Yours DOES NOT CONTACT WHEN ITEMS SELL nor at the END OF TERM; Consignors are responsible for tracking their expiration date.
_____ If consignor DOES NOT PICK UP ITEM(S) within 15 BUSINESS DAYS after the end of the Term, then such item ARE FORFEITED and become property of Formally Yours to be sold, disposed of, or donated at the discretion of Formally Yours, without notice.
_____¬ The resale price of item(s) will be set by Formally Yours; Prices suggested and/or listed will vary depending on style, age, condition, and need. Original and current retail prices are used to determine selling price. Bridal gown prices must be agreed upon by both parties to be considered for consignment.
_____¬ The consignor will receive 50% of the resale price if sold within the 180-day Term. We reserve the right to include all items in sales which are split evenly, with a bridal gown disclaimer on page 2. If the items are consigned for another/2nd Term, consignor will receive 40% of the resale price. It is up to the discretion of Formally Yours to re-consign items. We will not consign items past two terms.
_____¬ You can call at any time to see if any of your merchandise has sold. Accounts of $99 and under are paid by cash in store and can be picked up at any time up to one year after expiration date – at that time all money in account is forfeited. Checks can be mailed for amounts of $99 and under for a $1.00 processing fee.
_____¬ Payments on accounts of $100 or more are automatically mailed via check if/when the amount due exceeds $100 to the consignor’s address on file; Checks are mailed the second and fourth Tuesday of each month.
_____¬ Consignor may terminate this agreement before the end of the Term. In the event of “Early Termination”, consignor agrees to pay Formally Yours a 5% fee (of the item(s) price listed in store) and is due at time of pick up.
_____¬ Formally Yours takes no responsibility for the accuracy of consignor’s provided contact information. It is exclusively the consignor’s duty to keep its contact information up-to-date. Stop-check fees will be charged to the consignor if due to non-updated address change and not error of Formally Yours.
This agreement is governed and construed with the laws of the State of North Dakota without resort to conflict of law principles.
I have read and understand the terms and conditions of this contract and agree to consign my items at Formally Yours Resale & Consignment, LLC, these are my items to sell, and I verify that I am over 18 years of age.