Merchant Consignment Terms & Conditions


1.0 Term of Agreement

1.1 This agreement is effective from the receipt of the item from the Consignor for a period of six (6) months.

2.0 Parties’ Obligations

2.1 Consignor is to supply and deliver items mutually agreed between both parties to Consignee on the agreed date.

2.2 Consignor should inform Consignee of any new arrivals or new collections from time to time.

2.3 Consignee agrees to devote its best efforts for the marketing and rental of Consignor’s merchandise on its online retail website at www.rentadress.com.my (herein “Website”).

2.4 Payments are made to Consignor on the 30th of the next month for items sold in the previous month’s first to last day.

3.0 Conditions of Acceptance

3.1 Items for consignment are only accepted in clean and new or excellent condition.

3.2 Consignor must disclose if any items have been altered in any way, including but not limited to, sizing smaller or larger, altering appearance in any way, or any changes in trim or hardware prior to acceptance of consignment.

3.3 Consignee shall inspect the items for consignment, after which the items deemed to be of requisite quality shall be published on the Website.

3.4 Consignee may return any items to Consignor that are damaged, stained, or altered after the initial check at the warehouse. Consignor will be informed of such event and Consignor is responsible to arrange for collection from Consignee’s warehouse.

3.5 Once the items are with the Consignee, Consignee shall be responsible for any loss or damage to the items while under its inventory control.

3.6 In the event that the consigned item is lost, stolen, destroyed, damaged or unaccounted for due ro any cause, known or unknown (herinafter these terms referred to collectively as “lost”), while consigned to the Consignee:

  • each item, so lost shall be considered as having been sold, and

the Consignee shall compensate the Consignor the full amount of the retail price.

4.0 Property of Items

4.1 Consignor guarantees that all items given to Consignee for rental are lawfully and entirely owned by Consignor or Consignor is acting on behalf of a person(s) who has given them authority to sell such items of their behalf.

4.2 Though in Consignee’s premises, items shall remain the property of the Consignor until sold.

5.0 Authenticity of Merchandise

5.1 Consignor states that items are authentic and not counterfeit.

5.2 Consignor acknowledges any label, trademark insignia, logo, design, authenticity information or embossment are authentic to the designer it represents.Consignee reserves the right to return any items found to be non-authentic to the Consignor.

6.0 Consignment Terms

6.1 The consignment period is as stated in Clause 1(a). The items shall remain at Consignee’s premises during this period.

6.2 Consignor may request for an item for their own use / purposes and must notify Consignee at least fourteen (14) days before the item is needed. However, should the item already be booked for a rental, Consignee has the right to decline Consignor's request to have it for their own use / purposes.

6.3 The items will remain to be for rent on the website and consignment period for those items is automatically extended until Consignor claims the items.

6.4 Consignor may choose to participate in the bi-annual sale of dresses on the Website at a discount determined by the Consignor.

6.5 Should any item be unrented during the consignment period, Consignor shall no longer have the obligation to publish the item on Website. Consignor will then initiate an item return to the Consignee.

7.0 Pricing

7.1 The items will be rented on the Website at the rental value determined by Consignee. The Consignor must also provide the retail price of each piece as sold at the boutique or other stores.

7.2 Consignee is entitled to hold independent promotions and marketing campaigns on the Website.

7.3 Discounts offered during a promotion to the customer will be shared 50:50 between Consignor and Consignee.

8.0 Payment

8.1 The agreed commission schedule is as follows:

Evening Wear

Maintenance & laundry cost: RM30

Duration 4 days 8 days Try On
Consignment rate

 

Upon deduction of maintenance & laundry cost, 50% of rental price

Upon breakeven of cost price of dress, 20% of each rental.

e.g.
Dress rental is RM200.
RM200 - RM30 = RM170

Consignee receives 50% of RM170 = RM85

 

Upon deduction of maintenance & laundry cost, 50% of rental price

Upon breakeven of cost price of dress, 20% of each rental.

e.g.
Dress rental is RM350.
RM350 - RM30 = RM320

Consignee receives 50% of RM320 = RM160

Not Applicable

We provide an overnight try on delivery service for the convenience of our customers. It increases the likelihood of them renting. Therefore, the charge of the service is minimal just to cover the delivery, pickup & laundry cost.

 

Day Wear

Maintenance & laundry cost: RM10

 Duration 7 days
Consignment rate

Upon deduction of maintenance & laundry cost, 50% of each rental

Upon breakeven of cost price of dress, 20% of each rental.

e.g.
Dress rental is RM60. RM60 - RM10 = RM50

Consignee receives 50% of RM50 = RM25

 

8.2 Payment made to the Consignor is for rental services only and not try-on service.

8.3 Payments are made to Consignor on the 30th of the next month for items sold in the previous month’s first to last day, as stated in Clause 2(d).

8.4 Payment will be made to Consignor via PayPal or bank transfer. Consignor is to ensure the PayPal e-mail account or bank details are accurately sent to Consignee.

8.5 Alternatively, Consignor may convert the balance owed to them into RAD Style Points for use on Consignee’ Website.

9.0 Non-compete clause

9.1 Consignee reserves the right to terminate this agreement if Consignor pursues or engages in a business which is the same as, or substantially similar to the nature of the Website.

10.0 Confidentiality

10.1 All terms and conditions in this agreement shall be kept private and confidential between both parties. Both parties shall not disclose to any third party at all times.

 

 

 

 

 

 

 


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