Consignment Agreement

Below is a the form agreement that all Consignors will sign in order to consign items with Kit's. 

I agree that as a condition of consigning/selling items at KIT’S, I represent and warrant the following to be true and correct:

______(initial) I verify that the items I am consigning are mine and I have full right and authority to sell these items 

______(initial) I verify that the items I am consigning are authentic and genuine.  I shall assume all liability, and hold KIT’S harmless, for the any violation of this provision.  I acknowledge that it is illegal to buy or sell (directly or indirectly) counterfeit goods.

______(initial) I, the undersigned, understand and agree that KIT’S is not responsible for fire, loss, theft or damage to the items I am consigning.

______(initial) I understand that KIT’S is only a broker or agent for the Consignor. KIT’S has no obligation to pay for unsold items. Title possession remains with the Consignor throughout the 6-week Period of Sale. 

______(initial) I understand that I will earn 50% of my net sales.

______(initial) I acknowledge that the Period of Sale shall be approximately 6 weeks from the date of consignment.

______(initial) I acknowledge that KIT’S has full authority to determine the pricing of any item including any further markdowns during the Period of Sale.

______(initial) I acknowledge that pickup of the items I am consigning shall be at the end of the Period of Sale.  I waive all right to all items NOT picked up during this timeframe and I acknowledge that such items shall be considered abandoned and title to such items shall transfer immediately to KIT’S without the need for further consideration or remuneration.  No exceptions will be made.

_____(initial) I acknowledge that this Agreement constitutes the entire agreement of the parties hereto and supersedes all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties with respect to the subject matter hereof. 

_____(initial) I acknowledge that this Agreement shall govern all of my consignments as of the date of execution and all future consignments.  I acknowledge that there is no need or requirement to re-execute this Agreement for any future consignments of items.

 Consignor Signature: ________________________________ Date: ____________