Consignment - PigStyle Records

Onboarding & Item Eligibility
Eligible Items & Condition	Condition: Must be Discogs VG (Very Good) grade or above Formats: Sealed items and standard LPs are accepted. Singles are not accepted Uniqueness: The store only accepts unique records; there will be a portal that checks for duplicates against existing inventory Not Accepted: Counterfeits/bootlegs, rare/high-value items requiring appraisal Store Discretion: The store may reject any item deemed unsellable or undesirable at either the portal submission stage or the in-store check-in
Submission Process	Consignor signs up and submits items via the online portal Consignor brings the physical records to the store for final inspection
Volume	Maximum number of items is determined by store capacity; there is no minimum
Pricing, Sales & Commission
Pricing & Reductions	Initial Price: Set by consignor as a ratio (0.7 to 1.1) of the Discogs suggested price Price Reductions: No price changes will be suggested before the end of the initial 90-day term. After the term, if a price change is suggested, the consignor must either approve the change or pick up the item as unsold Markdowns: No markdowns for cosmetic issues; these should be accounted for in the initial grading and price
Commission & Payout	Rate: Variable commission based on store inventory: 10% at ≤70% capacity, linearly increasing to 40% at 110% capacity. Consignor specifies batch size which determines an average rate for the entire batch. Consignors see the current commission rate when checking in records via the online portal. Incentive: A +5% commission bonus is offered for choosing store credit (e.g., 15% instead of 10%) Payout: Available upon request via the portal once balance meets the $10.00 minimum. If an account is closed, the consignor may request a final payout of any amount
Sales Reporting	Consignors monitor all sales and inventory status in real-time through the online portal. No separate reports are issued
Intake, Liability & Item Care
Check-in & Verification	Consignor self-grades items in the portal; the store verifies the grading during the physical check-in A barcode is assigned to each record for tracking
Liability & Disputes	Store Responsibility: Covers missing items, visible damage missed at intake, burglary, natural disasters, and shoplifting Consignor Responsibility: Invisible defects (e.g., skips) are assumed pre-existing; the affected record is returned to the consignor as unsold
Cleaning & Services	Records should be clean at intake. The store offers a cleaning service at a discounted rate, billed separately
Unsold Items & End-of-Term
Consignment Period	Initial Term: 90 days at the consignor's set price Extension: Can be extended for another 90 days at a store-determined price with a new contract
Unsold Item Process	After a record is taken from the shelves (for any reason), the consignor has 30 days to pick it up The store sends weekly email reminders. Items not picked up within 30 days become store property Early Removal: Consignors may remove individual records or terminate the entire contract early at any time without consequence via the online portal; the store will take the items off the shelves for pickup, treating them as unsold/returned
Consignor Responsibilities & Systems
Consignor Duties	Certify legal ownership in the contract Provide accurate grading and information Keep contact information current to receive notifications Pick up unsold/returned items within the 30-day deadline
Technology & System	Online Portal: Provides login for real-time inventory tracking, sales history, payout requests, and early item removal Notifications: Via email
Legal & Administrative
Agreement Details	Contract length is 90 days The store provides a receipt of sales for tax purposes

DRAFT DOCUMENT - FOR REVIEW ONLY

PigStyle Records Consignment Agreement - DRAFT

Effective Date: [Date]

1. PARTIES

This Consignment Agreement ("Agreement") is made between:

Consignor: [Name], [Address], [Phone], [Email]

PigStyle Records: 100 E 3rd Street, Loveland CO 80637, 970-492-5630, pigstyle.loveland@gmail.com

2. TERM

The consignment period shall be 90 days from the date of item intake.

3. COMMISSION AND COMPENSATION

3.1 Commission Rate: Consignor shall receive [Commission Rate]% of the final sale price for each item sold.

3.2 Payout Threshold: Payouts are available upon request once balance meets the $10.00 minimum, unless closing account.

3.3 Payment Methods: Check or cash (when available). Consignors may request payouts via the online portal to receive a check in the mail.

4. PRICING

Consigned items shall be priced as follows:

Record 1: $[Price]
Record 2: $[Price]
Record 3: $[Price]
Record 4: $[Price]
Record 5: $[Price]

5. INTAKE

PigStyle Records may reject any item at portal submission or in-store check-in for any reason including: prohibited item, misrepresentation of condition, unacceptable format, or not unique for store inventory.

6. LIABILITY AND INSURANCE

6.1 Store Responsibility: PigStyle Records assumes responsibility for:

Missing items
Visible damage not detected during intake
Burglary, natural disasters, and shoplifting

6.2 Consignor Responsibility: Consignor assumes responsibility for invisible defects (skips, scratches) discovered after sale. Such items will be returned to consignor as unsold.

6.3 Liability Limit: Maximum liability per item: $30.

7. ITEM REMOVAL AND UNSOLD ITEMS

7.1 Mutual Removal: Both store and consignor may remove a record from consignment at any time for any reason. PigStyle Records may decide to take items out of active inventory during store closure, renovation, or relocation.

7.2 Pickup Period: Consignor has 30 days to retrieve items after they were notified of removal.

7.3 Abandoned Property: Items not retrieved within 30 days after notification become property of PigStyle Records.

8. PAYMENTS

8.1 Payout Threshold: Minimum payout amount is $10.00, unless closing account.

8.2 Payment Methods: Check or cash (when available). Consignors may request payouts via the online portal to receive a check in the mail.

9. CONSIGNOR RESPONSIBILITIES

9.1 Legal Ownership: Consignor certifies legal ownership of all consigned items.

9.2 Contact Information: Consignor is responsible for missed communication sent to provided contact details.

10. GENERAL PROVISIONS

10.1 Entire Agreement: This document constitutes the entire agreement between parties.

10.2 Governing Law: This agreement shall be governed by Colorado law.

10.3 Amendments: Any amendments must be in writing and signed by both parties.

CONSIGNOR

___________________________________

Name: ___________________________

Date: ___________________________

PIGSTYLE RECORDS