X-Change Vendor Agreement
This agreement is between X-Change LLC (“X-Change”) and the Vendor (you) who is renting retail space at X-Change. By signing, you agree to the following:
1. Rental Term & Renewal
• This is a month-to-month rental agreement.
• Each month lasts 30 days, starting from the end of the previous rental period.
• Vendors can renew for another month before their current rental ends.
2. Rental Fee & Commission
• Vendors pay a fixed monthly rental fee for their space.
• A 10% commission is deducted from each item sold.
3. Sales & Payouts
• All sales are processed through X-Change’s checkout system.
• Vendors can request a payout anytime, but requests must be made by Thursday at 5 PM EST for payment on Friday.
• Payouts include total sales minus the rental fee and 10% commission.
4. Inventory & Display
• Vendors are responsible for arranging their items within their space.
• X-Change staff may assist in maintaining displays.
• Vendors can monitor their inventory through ConsignCloud (consigncloud.com).
5. Liability
• X-Change is not responsible for theft, damage, or loss of vendor items.
• Vendors are encouraged to take any necessary measures to protect their inventory.
6. Restocking & Store Access
• Vendors may replenish or adjust displays during store hours.
• Any after-hours access must be approved by X-Change management.
7. Ending the Agreement
• Either party can end the agreement at any time with written notice.
• No refunds for early termination by the vendor.
• If X-Change terminates the agreement, the vendor will receive a final payout for all sales made up to that date.
8. General Terms
• This agreement replaces any prior verbal or written agreements.
• Any changes must be in writing and signed by both parties.
Agreement Details
• Rental Fee Amount: $________
• Effective Dates: ________________ to ________________
Vendor Signature: _________________________ Date: ________________
X-Change Representative: _________________________ Date: ________________
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