Collectable definition
Examples of Collectable in a sentence
In addition, Collectable Sports Assets LLC will no longer be liable for any fees related to the consigned items maintenance, storage, or upkeep.
In the event Collectable Sports Assets LLC is unable to successfully sell the minimum offering amount per item by the conclusion of the exclusive consignment term detailed in Exhibit A, the legal title and physical possession of consigned item(s) will be transferred back to the consignor.
In the event Collectable Sports Assets LLC does not disburse cash proceeds to the consignor within 60 days of a public offering completion on Collectable’s platform, full legal title and physical possession of the consigned item is transferred back to the consignor.
Please let Collectable know if you require additional shipping insurance.
Upon completion of the Consignment Agreement (and Contribution Agreement, if the consignor is electing to retain equity in an offering), the insurance burden will shift to Collectable.
In this scenario, Collectable will handle all fees related to returning the item back to the consignor, notably fully insured shipping costs.
In exchange, Collectable reserves the right to rescind the consignment agreement at any point due to adverse price changes in the marketplace.
Break Up Clause: The consignor and Collectable acknowledge the price volatility inherent in the collectibles market.
In an attempt to provide fair and just valuations to both buyers and sellers on the platform, Collectable and consignor agree to the following terms: Should the consignor want to pull the item from the platform at any time (within 5 days prior to IPO), the consignor will pay Collectable $1,250 + $5,000.
The consignment value + All Fees = Total Value of the item(s) listed on Collectable for users to purchase.