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Kentucky Tack Exchange Consignment Contract 

Consignment Procedure:

Consignments will be accepted by walk-ins during business hours or by appointment. All items must be clean, in good condition, and good repair.

 

Kentucky Tack Exchange will determine the acceptability and pricing for items and retains the right to refuse or return any item to the Consignor. Pricing is based on the condition, quality, age, and marketability of the item. If you desire a certain price for your item will be happy to discuss this with you. Our goal is to help you sell your item(s) as quickly as possible and for the highest price the market will provide.

 

Kentucky Tack Exchange will retain a percentage of the sale price as a commission for marketing and selling the consigned item. The following scale determines the % of commission charged:

 

Sale Price (excludes sales tax)

$200 & under
$201-500
$501-1000

$1001-$2000


Kentucky Tack Exchange will collect a 30% commission on all saddles.

 

Consignment Period shall be one year from the date the item is accepted for consignment. After one year, the consignor has several options. They can choose to consign the item for an additional 6 months for an agreed upon lower price. Otherwise, it is the consignor’s responsibility to pick up the item within 30 days of the last day of the consignment period. If the item is not picked up it will become the property of Kentucky Tack Exchange and may be donated to a charitable organization.

 

If a consignor chooses to remove any items from consignment before the consignment period has passed, he or she will be charged the commission based on the price tag on the item.

 

Other Consignment Policies:

Kentucky Tack Exchange reserves the right to accept reasonable offers on items and to hold periodic sales. Items may be displayed and marketed on our website, social media, or emails at our discretion. Consigned items are covered by our insurance policy in case of fire or theft. You may also choose to list your items on your homeowner’s policy.

 

Consignor shall indemnify, release, defend, and hold harmless forever Kentucky Tack Exchange, its officers, directors, shareholders, employees, successors and assigns from any and all claims and liabilities, of whatsoever kind (including but not limited to attorney’s fees), arising from or connected to the consigned goods. Kentucky Tack Exchange shall use all conventional safeguards in the handling and displaying of consigned goods but has no legal responsibility for items left on consignment.

 

 

Saddle Trial Policy:

Prospective purchasers may take saddles on trial for up to 7 days and test ride them. A credit card number will be held on file with a valid ID. If the saddle is not returned by the 7th day, the saddle will be considered sold and the credit card will be charged accordingly.

 

Payment:

Kentucky Tack Exchange will not send out notification of consignor’s balance or notify consignor when an item sells. It is the consignor’s responsibility to call (502) 779-1219 or email kytackexchange@aol.com to inquire about balance owed.

 

Checks may be picked up by appointment or will be mailed quarterly by the 10th of the month following the last day of the quarter (March 30th, June 30th, September 30th, December 31st). Cash may be paid for balances less than $50.00 by appointment. A $1 service fee will be charged for mailed checks and it will be deducted from the total amount on the check.

 

Return Policy:

Kentucky Tack Exchange, LLC offers no warranty or guarantee on any items. All items are sold as is and the buyer takes upon all risk after purchase. All sales are final (exception for saddles – see saddle trial policy) We reserve the right to make exceptions to the return policy for special circumstances.

 

Method of Payment:

We accept Mastercard, Visa, America Express, Discover, personal checks with ID, and cash. There will be a $35 fee for NSF checks.

 

Shop Local:

Consignors may use store credit at any time and receive a 10% discount on in-store purchases. Upon sale of a consigned item, Kentucky Tack Exchange Store Credit shall be issued promptly to the store account. Your money never expires!

 

Give Local:

If you prefer to donate, we will make that happen! Your items can be consigned under a local charitable organization of which Kentucky Tack Exchange is affiliated. 

KTE Commission

50%
40%
30%

25%

PLEASE SIGN BELOW, ACKNOWLEDGING THAT YOU HAVE READ, UNDERSTAND, AND AGREE TO THE ITEMS OF THE CONTRACT: