Event Consignment Agreement
These terms and conditions create a contract (Agreement) between You (Consignor) and Two Two (“Two Two”) (Consignee).
Please read this Agreement carefully. To confirm your understanding and acceptance of the Agreement, you must agree and sign this Agreement if you wish to consign goods through Two Two.
Sale by Consignment
The Consignee will accept products for consignment from the consignor.
The Consignee shall be entitled to retain 35% of all proceeds from the sale of each item consigned.
Consignor shall provide the consignee with an inventory list and prices for items. The consignor will provide a detailed inventory list (quantity, item description, price, suggested retail price, etc.)
Consignor will retain his/her own copy of this inventory list.
Ownership of Products
The items belong to the consignor until they are sold.
Payment for Products
The Consignee will pay the Consignor for products sold via PayPal or Venmo by January 5, 2024.
If an item is sold, the consignor will be paid 65% of the final sale price excluding taxes and credit card fees if applied. Two Two will collect and remit all sales taxes.
Theft / Damage / Returns
The Consignee will take the best care possible to assure no damage or theft of the products. The Consignee does not assume liability for lost, damaged or stolen items.
The Consignor understands that products may be lost or stolen, and will work with Consignee to determine a fair compensation for the item(s) such as reimbursing for material and labor costs.
If the buyer initiates a credit chargeback and Consignee loses the funds, the merchandise will be considered as stolen.
The consignor shall indemnify, hold harmless, and defend the consignee and any of its owners, officers, directors, employees, agents, affiliates, (collectively, the “Indemnified Party”) against any and all losses, damages, liabilities, deficiencies, claims, actions, judgements, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including attorneys’ fees, that are incurred by the Indemnified Party resulting from any third-party litigation arising out of any misrepresentation made by the consignor or the consignor’s failure to perform any of its obligations.
Landlord will be held harmless and not liable for the actions of Consignee and the status of consigned merchandise.
The consignor agrees to hold harmless Consignee for consigned merchandise.
Once you agree to this agreement, it will remain in effect until you or Two Two terminates it. In witness whereof, the parties have executed this Agreement as of the date written below.