1. PURPOSE
The Consignor (vendor) agrees to provide goods to the Operator for sale in curated popup retail events and on site at Interstellar Kreations physical location. All items remain property of the Consignor until sold.
2. CONSIGNED GOODS
Includes handmade goods, apparel, accessories, art, and approved merchandise. All items must be pre-approved before placement.
3. PRICING
Retail pricing must be agreed upon in writing prior to sale. No discounting without approval unless pre-authorized for promotions.
4. REVENUE SPLIT
Standard split options: 70/30 in favor of vendor unless otherwise agreed in writing.
5. PAYMENT TERMS
Consignor (vendor) payments will be issued within the agreed-upon timeframe following the completion of the scheduled consignment rotation, along with a detailed sales report outlining all items sold during the consignment period.
6. SALES TAX
Interstellar Kreations LLC is responsible for collecting and remitting all applicable Illinois sales tax as the seller of record.
7. INVENTORY & LOSS
Interstellar Kreations LLC will exercise reasonable care in safeguarding consigned inventory but is not liable for loss due to theft, fire, vandalism, or damage unless such loss is the direct result of its negligence or willful misconduct.
8. DISPLAY & MARKETING
Interstellar Kreations LLC has sole discretion over the merchandising, display, promotion, and marketing of consigned goods. Consignor responsible for implementing pricing of consigned goods, as well as providing branding and promotional material.
9. TERMINATION
Either party may terminate with written notice. Unsold items must be retrieved within agreed timeframe.
10. LIABILITY
Consigner (vendor) certifies all goods comply with applicable laws and do not infringe on intellectual property rights.
11. Administrative Fee
Consigner agrees to pay Interstellar Kreations a $50 administration fee upon approval of consignment application