consignor agreement – Luxury Resale Network

consignor agreement

Luxury Resale Network (“LRN”) Consignment Terms and Policies:

 

 

Consignors receive:

50% for items that we sell for $250 or less

60% for items that we sell from  $250 to $2000

70% for items we that sell for $2000+

 

Promotion:

Keep 100% of the net profits of your first sold item, when you consign 5+ items. Offer valid only once for new consignors.  (net profit is after fees: marketing, shipping, processing)

 

Payment Process

Our payment system runs monthly and payments are made to you when you have completed sales between the first and the last day of every month. Your check and invoice will reflect the completed sales from the previous month, so if you have sales in February, you will be paid in March.

Please note that if your item is sold through an affiliate or sold through an online auction, fees associated with the auction or affiliate will be deducted from your proceeds.

 

Items we accept:

High-end designer women’s & men's clothing, shoes, bags, and accessories.

We also accept fine jewelry and collectibles.

 

The items you submit must meet the requirements below:

retailed for atleast $400

was made in the past 7 years

we accept vintage items by Chanel, Hermes, Louis Vuitton, fine jewelry & watches.

 

Review our designer directory to see which designers we accept. (click the underlined link)

 

 

Mail your designer items to our Boston Office:

 

Luxury Resale Network

65 Oakland Street

Floor 2

Brighton, M.A.

02135

   

The Process

Please mail all of our your items to the mailing address at the top of this contract. We ask for you to get signature confirmation, tracking, & highly suggest insurance on your package.

 

The process of receiving your boxes, creating an inventory of your items, photographing them and listing them typically takes about 1 to 2 weeks. If you haven't heard from us within two weeks of receipt of your items, feel free to give us a call or send us an e-mail.

 

Prices are determined by LRN and markdowns will be taken at the sole discretion of  management.

 

Consignment Period

The consignment period shall begin on the date your items are listed. We’ll continue to list your items for up to 6 months. If you have items that remain unsold after 6 months then we will ship your items back to you or ask you if you would like us to continue to list your items. At any time during this contract LRN has the  right to terminate business with the consignor for any reason. At that point LRN will return all consignment items to buyer at LRN's cost.

 

Authentication

We at LRN pride ourselves on only selling 100% authentic designer items. We reserve the right to work with professional authenticators for your items at our discretion. Items found to be counterfeit will be destroyed.

 

Client Referral Policy

We love getting the seal of approval from our clients, so we're happy to reward those who refer us to their friends! Here's how it works: Clients are paid a one-time bonus of $25 per new client referred once the new client receives their first sales check.

 

 

Legality Section:

 

Entire Agreement

This Agreement, including all attachments, constitutes the entire agreement among the parties to this transaction and replaces all prior agreements, communications and representations. No agreements, communications or representations made by any party to this Agreement that is not expressly stated in this Agreement are legally binding.

Consignor’s Representations, Warranties and Indemnification

The consignor hereby warrants to Luxury Resale Network that it has good and marketable title to the products none of which are subject to any liens or other encumbrances and further warrants to Luxury Resale Network that the products consigned pursuant to this Agreement are not in violation of any trademark, copyright, or other proprietary right of any third party, state or federal law, or administrative regulation. The consignor hereby agrees to indemnify and hold harmless Luxury Resale Network from all damages, suits, litigation, awards and costs, including but not limited to attorney’s fees that may arise out of the display or sale of the products for any reason whatsoever, including but not limited to civil or criminal suits over authenticity, legality, ownership, infringement of copyright or trademark or any other claim or litigation.

No Implied Waiver

Either party’s failure to insist, in any one or more instances on strict performance by the other party of any of the terms to this Agreement shall not be construed as a waiver of any continuing or subsequent failure to perform or delay in performance of any term hereof.

Responsibility

All consignments are left at owners risk. Luxury Resale Network is not responsible for loss by theft, fire, negligence, or any other cause.

Severability

If one or more of the provisions of this Agreement shall be declared or held to be invalid, illegal, or unenforceable in any respect in any jurisdiction, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby and any such declaration or holding shall not invalidate or render unenforceable such provision in any other jurisdiction.

Headings

Headings used in this Agreement are provided for convenience only and shall not be used to construe meaning or intent.

Counterparts/Electronic Signature

This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. For purposes of this Agreement, use of a email, or other electronic medium shall have the same force and effect as an original signature.

Amendments

No amendment, modification or waiver of any terms of this Agreement shall be valid unless it is written and approved by all parties to this transaction.

Choice of Law

This agreement shall be construed and governed by the laws of the State of Massachusetts. Furthermore, you and Luxury Resale Network hereby agree to submit to personal jurisdiction of the courts of Suffolk County, Massachusetts

Limited time trial service offer is 100% commission on net profit; after marketing, shipping, processing fees.

Items We Are Unable to Sell

Luxury Resale Network reserves the right to refuse to list any items we deem are unsellable due to brand name, low resale value, or condition. Consignor attests to the authenticity of all consigned items. Items found to be counterfeit will be destroyed.

 

 

I have read, understand and  agree to be bound by these terms and conditions, as they may be modified by LRN from time-to-time and posted on the LRN website.

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