to Consignor. In the event Collectable Sports Assets LLC is unable to successfully sell the minimum offering amount per item by the conclusion of the exclusive consignment term detailed in Exhibit A, the legal title and physical possession of consigned item(s) will be transferred back to the consignor. In addition, Collectable Sports Assets LLC will no longer be liable for any fees related to the consigned items maintenance, storage, or upkeep. In the event Collectable Sports Assets LLC does not disburse cash proceeds to the consignor within 60 days of a public offering completion on Collectable’s platform, full legal title and physical possession of the consigned item is transferred back to the consignor. Break Up Clause: The consignor and Collectable acknowledge the price volatility inherent in the collectibles market. In an attempt to provide fair and just valuations to both buyers and sellers on the platform, Collectable and consignor agree to the following terms: Should the consignor want to pull the item from the platform at any time (within 5 days prior to IPO), the consignor will pay Collectable $1,250 + $5,000. In exchange, Collectable reserves the right to rescind the consignment agreement at any point due to adverse price changes in the marketplace. In this scenario, Collectable will handle all fees related to returning the item back to the consignor, notably fully insured shipping costs. The Results: Upon completing a successful Offering (“Closing”), you will receive full payment in the amount of the “Consignment Price” less any retained equity.
to Consignor. In the event Collectable Sports Assets LLC is unable to successfully sell the minimum offering amount per item by the conclusion of the exclusive consignment term detailed in Exhibit A, the legal title and physical possession of consigned item(s) will be transferred back to the consignor. In addition, Collectable Sports Assets LLC will no longer be liable for any fees related to the consigned items maintenance, storage, or upkeep. In the event Collectable Sports Assets LLC does not disburse cash proceeds to the consignor within 60 days of a public offering completion on Collectable’s platform, full legal title and physical possession of the consigned item is transferred back to the consignor.
to Consignor. Consignor and Classic agree that our consignment commission is ten percent (10%) of the final sales price.
to Consignor. Consignor and Consignee agree to the amount of payment as specified in Merchandise Submittal Form to Consignee and shall be due and payable to Consignor for the upon the sale of the (property, equipment, items) subject to this Agreement. Consignee shall provide a monthly written statement listing all sales made of the (property, equipment, items) subject to this Agreement including the dates of such sales, the total amount(s) received and the amount of payment due to Consignee. The parties agree that Consignee may withhold and retain the commission due Consignee from the amount to be remitted to Consignor under Article 6 of this Agreement upon the sale of the consigned (property, equipment, items).
to Consignor. Consignor agrees that Consignee shall require and receive full payment on the sale of the consigned (local, handcrafted, retail items) prior to any obligation of Consignee to remit payment to Consignor for the same. Upon receiving full payment for such sale, Consignee shall remit, in United States currency or a check drawn on a United States bank, the amount due to Consignor under this Agreement no later than the 10th of the month following the date of such full payment.. Amount(s) of Payment(s) to Consignor. Consignor and Consignee agree that an amount of 70% of the selling price as set and agreed to by Consignor shall be due and payable to Consignor upon the sale of the (local, handcrafted, retail items) subject to this Agreement. Consignee shall provide a monthly written statement listing all sales made of the (local, handcrafted, retail items) subject to this Agreement including the dates of such sales, the total amount(s) received and the commission due to Consignee. The parties agree that Consignee (May) withhold and retain the commission due Consignee (30%) from the amount to be remitted to Consignor under Article 5 of this Agreement upon the sale of the consigned (local, handcrafted, retail items). Termination of this Consignment Agreement. Consignee may terminate this Agreement at any time by returning to Consignor any or all of the unsold (local, handcrafted, retail items) which is/are the subject of this Agreement. Consignor may terminate this Agreement at any time so long as such termination is made before the sale of (local, handcrafted, retail items) which is/are subject to this Agreement. Prior notice of termination (shall) be required of a terminating party. (If required, notice shall be in writing, by fax, by registered mail, etc. 10 days before deemed effective) Operation of Consignee’s Business. Consignee shall have the exclusive right to determine the business operation and management of its premises. Consignor shall have no liability or responsibility for the operation and management of Consignee’s business, employees or agents.
to Consignor. In the event Collectable Sports Assets LLC is unable to successfully sell the minimum offering amount per item by the conclusion of the exclusive consignment term detailed in Exhibit A, the legal title and physical possession of consigned item(s) will be transferred back to the consignor. In addition, Collectable Sports Assets LLC will no longer be liable for any fees related to the consigned items maintenance, storage, or upkeep. In the event Collectable Sports Assets LLC does not disburse cash proceeds to the consignor within 60 days of a public offering completion on Collectable’s platform, full legal title and physical possession of the consigned item is transferred back to the consignor. Break Up Clause: The consignor and Collectable acknowledge the price volatility inherent in the collectibles market. In an attempt to provide fair and just valuations to both buyers and sellers on the platform, Collectable and consignor agree to the following terms: Both the consignor and Collectable reserve the right to rescind the consignment agreement at any point due to adverse price changes in the marketplace. In this scenario, Collectable will handle all fees related to returning the item back to the consignor, notably fully insured shipping costs. The Results: Upon completing a successful Offering (“Closing”), you will receive full payment in the amount of the “Consignment Price” less any retained equity.
to Consignor. Consignor agrees that Consignee may receive payment for the ReSale of the Consigned Property prior to the Consignee’s obligation to pay the Consideration to Consignor. For purposes of this Agreement, Consideration will be considered timely paid if Consignor receives its Consideration (i.e., sixty-five percent (65%) of the Net ReSales proceeds) within thirty (30) days from the date of Consignee’s invoice to third party purchaser in any month in which Consignee sells any Consigned Property. Consignee must (i) ship all Consigned Property for all valid purchase orders received from third parties within 48 hours after receipt of such purchase orders for the Consigned Property, and (ii) invoice the third party purchaser within 48 hours after shipping the Consigned Property. If Consignee fails to pay Consignor the Consideration within thirty (30) days after invoicing the third party purchaser such Consideration shall be past due and subject to interest at a compounded rate of 1.5% per month or the highest rate permitted by applicable law, whichever is lower. Notwithstanding anything to the contrary in this Agreement, Consignor and Consignee agree that any Taxes (as defined in Section 19 below) on the ReSale of the Consigned Property, if any, are in addition to the Gross ReSale proceeds and such Taxes are the exclusive financial and administrative responsibility of Consignee to collect, remit or otherwise administer. Payment for ReSales in the United States must be payable to LightSquaerd Network LLC and payments for ReSales in Canada must be payable to LightSquared Corp. If mailed, payments to either LightSquared Network LLC or LightSquared Corp. shall be delivered to: 00000 Xxxxxxxxx Xxxx., Xxxxxx, Xxxxxxxx 00000, Attention: Accounts Receivable.
to Consignor. Consignor and Classic agree that our consignment commission is scaled to ten percent (10%) of the final sales price above $50,000, 15% for sales less than $50,000.
