Consignment General Terms and Conditions

Terms and Conditions

Master Agreement

These Terms and Conditions will be applicable to footwear and other goods (collectively, the “Goods”) provided by the Consignor named above (“you”) and accepted by Sneaky Tavern Inc. (“we”, “us”, “our”) for sale on consignment, unless superseded by another agreement following this one. Sneaky Tavern will issue a confirmation of all acceptable goods received stating the quantity and description of such Goods including expected sales price and our commission rate with respect to such Goods. We reserve every right in our discretion to refuse any or all Goods which you the consignor may deliver to us on consignment.

Ownership Representation

The Consignor warrants full valid and lawful ownership of all Goods which they deliver to us. The Consignor warrants that all Goods delivered to us are genuine and authentic and that none of the Goods will be subject to any lien, encumbrance, security interest or any other adverse claim and that the Consignor has full legal right to offer and provide the Goods for consignment.

Sales Efforts

We may offer the Goods for sale in such manner as we deem appropriate. This includes by means of display in our retail store and/or on one or more of our websites. We will offer the sale of Goods at such price we deem appropriate in our discretion based on market value. We make no guarantee as to whether when or at what price any of the goods will be sold.

Proceeds of Sales

If and when Goods are sold, we will charge the customer for any applicable sales tax on the sale price of the Goods. If, as and when proceeds from the sale of Goods are actually received, such proceeds will be applied (1) first, to pay to us our commission (which, unless otherwise indicated in the applicable Confirmation, will be 15% on the sale price at the commission rate specified in the applicable Confirmation, and (2) finally, the remainder will be paid to you. We will notify you promptly upon the later of (a) our receipt of proceeds from the sale of Goods, or (b) the conclusion of the period within which the customer may make any claims regarding the Goods, and we will thereafter make available to you your share of the proceeds at our store premises during normal business hours, or via electronic distribution. We may require you to sign a receipt confirming your receipt of the amounts that we are then paying to you.

Withdrawal of Goods

Either you or we may, at any time, elect to withdraw the offering of any or all of the Goods which have not yet been sold, provided that you will not withdraw the Goods prior to 7 days after the date of delivery of the Goods to us. We will notify you of any such determination on our part, and you will notify us in person or in writing of any such determination on your part. If you seek such an early withdrawal, we will be entitled to an early withdrawal fee equal to $10 PER PAIR, and may retain the subject Goods, and continue to make them available for sale pursuant to the terms of the Confirmation and this Agreement, until the earlier of our receipt of such early withdrawal fee, the sale of the Goods, or the expiration of such 7 day period. Upon any withdrawal, you will be responsible for picking up the subject Goods at our store premises during normal business hours, at which time you must present the applicable Confirmation together with your driver’s license or other satisfactory picture identification. We may require you to sign a receipt confirming the delivery of such Goods to you in satisfactory condition.

Title to Goods

At all times prior to our sale of Goods, title to and ownership of such Goods will remain in your name, provided that we have full authority to effect the sale of such Goods in accordance with the terms and conditions stated herein.

Risk of Loss

We shall have no liability to you or any third parties for any loss or damage to the Goods in transit to us, and you hereby indemnify us and hold us harmless in respect of any such damages. We will endeavor to use reasonable care in the handling, display and storage of your Goods, using not less than the same degree of care which we utilize with respect to our own goods of a similar nature. However, in the event that any of the Goods are lost or stolen, or are damaged or destroyed by fire, flood, customer handling or other causes beyond our reasonable control, then, except to the extent of any insurance proceeds that we actually collect in respect of such Goods, the risk of loss remains with you, and we assume no responsibility or obligation to make any payment or reimbursement in respect of any such loss or damage, or for any special or consequential damages. We make no assurance that our insurance will provide coverage for the Goods or the amount which any insurer may pay in respect of any casualty relating to the Goods.

Customer Returns or Adjustments

From time to time, customers may make claims or seek adjustments in respect of latent defects or other claimed deficiencies with respect to products that we sell. We reserve the right, in our good faith judgment, to make allowances and/or accept returns of Goods, and in such circumstances, such allowances or returns will be treated as an adjustment to the net proceeds for purposes of calculating our respective shares of net proceeds for purposes of paragraph 4 above.