CONSIGNMENT REQUIREMENTS AND STANDARDS
1. The consigner warrants that he or she is the sole legal owner of the property to be sold. If property is jointly owned, both persons will have to sign. Consigner further warrants the description of item(s) and any representations made about the item(s), are true and correct to the best of his/her knowledge.
2. All items will be priced by The Kids Exchange and are subject to change at The Kids Exchange’s discretion. The Kids Exchange has the right to refuse any item(s) at any time for any reason.
3. Consigners will be paid 50% of the selling price of all items. Checks will be available for pickup on the first business day of the month. All payments must be picked up within three months following sale of merchandise. If payments are not picked up within three months, said payments will be converted to store credit. After six months, no payment or store credit will be issued, and the merchandise will become the property of The Kids Exchange.
4. Consigner understands that unsold clothing will be reduced for clearance after 30 days and are subject to further reductions in price following the 30 day clearance period. Clothing that remains unsold following the additional reduction in price becomes the property of The Kids Exchange and may be donated to a non-profit organization.
5. Non-clothing items will remain on the sales floor up to 90 days, after which, items may be subject to a price reduction, or donated to a non-profit organization or The Kids Exchange will contact the consigner to pick them up. The consigner then has 7 days to pick up the item(s). After 7 days the item(s) will become property of The Kids Exchange and may be donated to a non-profit organization.
6. The Kids Exchange reserves the right to mark down any/all item(s) during promotional periods.
7. Items are consigned at the consigner’s risk, and The Kids Exchange is not responsible for fire, theft, or damage to merchandise.
I, the consigner, agree to the terms of this contract as confirmed by my signature below.
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