Your business name
Address: City: State: ZIP:
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 on a hanger. They must be odor free, wrinkle free, and have no stains, holes, missing buttons, broken zippers, or tears or torn seams. They must be in new or like-new and resale-ready condition. We recommend items have been purchased within the last 2 years, bridal gowns within 5 years.
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 any other reason. It is the consignor’s responsibility to provide any desired insurance coverage for fire, flood, theft, or damage. Wear from handling and trying on is assumed by consignor.
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:
Formally Yours reserves the right to accept or decline an item at their discretion.
_____¬ This consignment contract is valid for 180 days (the “Term”). Except in the case of a Renewal, if the end of the Term falls on a day Formally Yours is not open, then this agreement shall terminate and the consignor may remove the item on the next open business day. If consignor does not pick up the item within 15 days after the end of the Term, then such item will become property of Formally Yours and will be sold, disposed of, or donated at the discretion of Formally Yours, without notice. Consignors are responsible for keeping track of expiration date, and Formally Yours is not responsible to contact consignors.
_____¬ The resale price of the item will be set by Formally Yours; High-end items and bridal gowns will be discussed between the Consignor and Formally Yours. Prices will vary depending on style, age, need, condition, and the researched and/or original retail price.
_____¬ 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; Bridal gowns will be excluded from any sales that may take place within Formally Yours, and will not be discounted. If the consignor desires to consign for another Term, consignor will receive 40% of the resale price agreed upon at that time. It is up to the discretion of Formally Yours to reconsign items.
_____¬ You can call at any time to see if any of your merchandise has sold. For amounts of $99 and under you will receive cash. A check will be written for amounts of $100 and above. Cash can be picked up at any time or at the end of the contract with any remaining items. One year after last expiration date, all money in account is forfeited.
_____¬ Payments of $100 will be mailed via check once more (or all) items sell when the amount due exceeds $100. Checks can be mailed for amounts of $99 and under for a $1.00 convenience fee. Any money due of $100 and above and payable to consignor will be sent in check form and will be mailed to consignor’s address below on the second and fourth Tuesday of each month.
_____¬ Consignor may terminate this agreement before the end of the Term if consignor gives Formally Yours 3 days’ notice (“Early Termination”). In the event of Early Termination, consignor agrees to pay Formally Yours a 5% fee (based on the selling price of the item). Such a fee is due when the item is picked up.
_____¬ Formally Yours takes no responsibility for the accuracy of consignor’s provided contact information. It is exclusively consignor’s duty to keep its contact information up-to-date. Stop-check fees will be charged to the consignor if due to address change.
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.
Consignor Signature: Date:
Contract end date: