Master Consignment Agreement

Every consignment on Ragpiq is governed by the Master Consignment Agreement (MCA), the standard-form contract between the consignor (the owner) and you (the reseller). Ragpiq provides the form and the platform, but is not a party to the consignment.

It has two layers:

• Master terms, the fixed clauses that apply to every consignment.
• A per-consignment Schedule, which fills in the specifics: the parties, the items and their agreed values, the consignment period, the payout split, and the receipt photos.

You hold the items as a bailee

The owner keeps ownership of each item until it sells. While an item is in your store you hold it as a bailee for reward: you have possession and the authority to sell, but no ownership. That carries a duty to take reasonable care, and if an item is lost, stolen, or damaged in your care, the onus is on you to show you took reasonable care.

When that happens, you cover the owner's payout share of the item's agreed value, and your liability is capped at that amount. Items with an agreed value of $5,000 or more sit outside the cap and need a separate arrangement, or your own insurance, before you accept them.

Drop-off is confirmed with photos

When you receive a consignment, you check it in through Ragpiq and photograph the items as they arrive. Those photos, the condition you record, and the date and time become the agreed condition baseline, and the point at which your duty of care begins. Every consignment is checked in this way, whether the owner drops off in store or sends the items in.

How the agreement is made

There are no wet signatures. The owner agrees to the Master terms and their Schedule by confirming the key conditions when they upload or check in. You agree once when you join Ragpiq, then confirm each Schedule when you receive the items.

A Schedule for every consignment

Each consignment produces its own Schedule, saved as a PDF with a reference number such as RGP-7K2QX9. It records the parties, the items and agreed values, the pricing policy, the payout split, the period and deadline, how unsold items are handled, and the receipt photos. The owner and the assigned reseller can open and download it at any time.

Cover for items in your care

Items in your store stay the owner's, and they sit in your care while they are with you. We recommend every Ragpiq reseller carries cover for goods held in custody, especially if you run a shopfront where a break-in, theft, fire, or water damage is possible. In most cases you do not need a new policy; you can extend your existing business insurance, which is often a quick call to your broker.