Terms
The Vendor hereby consigns to Vienna at Marda Loop and Vienna at Marda Loop accepts on consignment, those products listed on the Vendor Application and approved by Vienna at Marda Loop.
The Vendor will bring in only items listed on the application. Inventory not listed on the Vendor Application may be added to this Agreement when both parties agree.
Vendor agrees to indemnify and save harmless Vienna at Marda Loop from and against all liabilities, claims, costs, expenses or demands, including legal fees, which now or hereafter may be suffered or incurred by Vienna at Marda Loop because of Vendor’s use of space at the store.
Vienna at Marda Loop is not responsible for any theft or missing inventory.
Term Length
The Terms are on a month-to-month basis.
The Vendor and Vienna at Marda Loop agree upon a 1-month term for consignment. We require written notice one month in advance if the Vendor plans to leave the store. If the Vendor wishes to remain in the store for another term, this can be decided upon by Vienna at Marda Loop after the first term is complete.
Termination
Vienna at Marda Loop reserves the right to terminate the Agreement at any time if the Vendor breaks any conditions of this Agreement.
Monthly Reports/Payments
Vienna at Marda Loop will receive 30% commission on all sales, with 70% of the sales going to the Vendor. Cut-off will be on the last day of each month, and payments will be sent via e-transfer by the 15th day of the following month. We prefer if you have auto-deposit turned on, but if not, then the password will always be the Month that the sales are from.
A Rent Fee based on your package selection will be charge to each vendor per month. This fee will be taken off sales at the end of each month. An invoice will be sent if sales do not cover rent.
Each vendor will be given a sales report emailed when payment is issued, and will be responsible for monitoring stock levels. Vienna at Marda Loop will also communicate low stock levels to the vendor. Product must be restocked in a timely fashion.
If the vendor chooses to ship product, they are responsible for shipping costs.
If the vendor remits GST, an invoice must be sent to Vienna at Marda Loop after each month end for the GST amount owed.
Price Tags & SKU/Barcodes
We will assign all products a unique SKU and print/tag all products with our barcode sticker/price tag. This is to create a consistent look inside the store and more accurate monthly sales processing.
All products must be tagged (example: business card, jewelry card, or hang tag on clothing) so that we are able to identify each product to the proper price and so we have a place to add our barcode. Tags must allow for our barcode sticker which is 1”x1.5”.
Inventory Submission
An inventory submission sheet/stock sheet MUST be submitted via email prior to dropping off stock (first drops AND restocks), so that we can have all stock entered and barcodes printed in advance. This will make for quicker displaying of your product and therefore, quicker possibility for sales! If the sheet is emailed in advance, we will not need a printed copy with your drop, and we will also be saving a tree or two.
Marketing
The Vendor agrees that Vienna at Marda Loop has permission to photograph their products or to access images from The Vendor’s website or social media channels for marketing purposes.
Insurance
Vienna at Marda Loop has a blanket insurance policy that covers any liabilities that take place at the store, but we do strongly suggest you have your own insurance policy. Vendors selling candles, bath & beauty, baby items, food, and essential oils must have their own insurance policy and must provide proof at the time the Agreement is signed.
Non-Compete Clause
The vendor agrees to not sell their products at any other stores in Marda Loop area. The vendor is free to sell their products at markets in Marda Loop, but no other retail locations.