Ticket Consignment Agreement
This contract is entered into between Andrew Silver of Drew's Tickets Inc. (consignee) and consignor (see name below) to sell event tickets on a consignment basis.
The consignor will provide to Drew's Tickets the per ticket NET price they would like to be paid after all marketplace and consignment fees.
The consignor has the option to allow Drew's Tickets to assign prices at market value via the Broker Genius full-service platform. Broker Genius offers world-class pricing technology to help ticket sellers achieve higher productivity through the use of data analytics and industry expertise. Drew's Tickets reserves the right to allow Broker Genius to adjust inventory prices as they see fit based upon market data. The consignor has the right to assign a floor price to any ticket on the Broker Genius platform so inventory does not sell below a specific amount.
The agreed upon consignment fee will be 10% of the NET revenue received by Drew's Tickets. This fee is in addition to, separate from any marketplace fees incurred by Drew's Tickets.
Marketplace fee structures are as follows:
Vivid Seats will charge up to 5.5% from the list price that is set by the consignee.
TicketsNow will charge up to 5% from the list price that is set by the consignee.
StubHub will charge up to 4% from the list price that is set by the consignee.
If the tickets sell through the "Ticket Network Direct" exchange, an additional 12% fee is applied. This fee is applied in order to cover expenses associated with this exchange that are incurred by Drew's Tickets. Please note, ticket prices are automatically raised by 12% on "TND", so the final BUYER ends up paying the extra fee, not the consignor. This 12% fee will have no effect on the consignor's net payout.
Prices will be marked up on all other marketplaces in order to cover any seller fees incurred by the consignor. The only marketplace's where extra fees apply are Vivid Seats, TicketsNow and StubHub.
PayPal and credit card fees are included in the original 10% consignment fee.
There are NO additional fees for any direct broker to broker orders.
Seller agrees to ship, email or transfer tickets to the buyer if they are sold by Drew's Tickets Inc. as the company is responsible for fulfilling all orders if the designated seats sell on one of its various partner's marketplaces. The only time this provision will not be in effect, is if the consignor notifies Drew's Tickets Inc. that the tickets have been sold or need to be removed from the system Prior to the consignee selling the tickets. If the tickets are not provided to the consignee after they have sold, consignor agrees to pay liquidated damages in the amount equal to the cost of obtaining equivalent tickets to fulfill the order.
If the seller requires tickets to be returned for any reason, tickets will be promptly removed from all broker networks by Drew's Tickets Inc.
Proceeds from ticket sales will be paid weekly. Invoices will be produced upon sale to verify the sale price and marketplace. The consignee will provide weekly accounting spreadsheets detailing each sale on the payout.
Payments will be issued to the seller who signs below or a designated representative.
If you agree to these terms, please enter your information in the fields below.