Consignment Contract

  1. Acceptance and price of all consigned items will be determined and established by Consignments on Park.  Items not accepted for various reasons (general condition, excessive damage, wear, odor, marketability, etc.) and not reclaimed within (48) hours will be donated.
  2. Accepted items will be placed on consignment for a contract period of (90) days minimum and a maximum of (97) days.  Consignors may not reclaim unsold items prior to (90) days.
  3. Consignors will be paid (60%) of the consigned price for items priced ($100.00) or more and (50%) for items priced less than ($100.00).
  4. After (30) days, all unsold items will be reduced in price by (10%). After (60) days, all unsold items will be further reduced in price by an additional (10%) for a total of (20%) of the original price. After (90) days, all unsold items priced ($10.00) or more may be reclaimed within a (7) day “grace period” between the (91st) and the (97th) day.  It is the Consignor’s responsibility to note the termination date and reclaim unsold items at the end of the contract period. Consignments on Park will not notify Consignors of unsold items.  The Consignor must advise at least (24) hours in advance to reclaim unsold items.  Unsold items priced under ($10.00) may not be reclaimed. After (97) days, all unsold items become expired and will be disposed of without notice, obligation, or payment to the Consignor.
  5. At any time during the contract period, Consignments on Park, at its discretion, may further reduce the price of any item by not more than (10%) and/or may offer coupons, specials, or other promotional incentives in order to facilitate sales.
  6. Consignments on Park charges no Consignor fee, no initiation fee, no monthly fee, no annual fee, and no storage fee.
  7. A nominal surcharge will be added to all items accepted on consignment.  This surcharge is paid by the customer at time of purchase.
  8. Consignments on Park is not responsible and will not be held liable for any damage, loss, or theft of any item left on consignment.
  9. Payout checks are processed by the 25th of the month for Consignors who generate a minimum of ($21.00) for the previous month’s sales. Checks may be picked up at Consignments on Park after the 25th of the month or, at the Consignor’s request, checks may be mailed with the understanding that Consignments on Park is not responsible for lost checks or misdirected mail by the USPS.  Requests for replacement checks will be honored after a (45) day period with a ($25.00) bank fee assessed to the Consignor.  A ($1.00) processing fee will be deducted from each payout check to cover all handling and administrative fees.
  10. All seasonal items (i.e. Halloween, Christmas, etc.) will be reduced in price by (50%) for clearance (2) weeks prior to the actual holiday.