Seller / Vendor Terms & Conditions

Effective Date: April 27, 2026
Last Updated: April 27, 2026

These Seller / Vendor Terms ("Seller Terms") govern participation by sellers, vendors, consignors, inventory owners, designers, stylists, production houses and other supply-side participants (collectively, "Seller") using the CostumePeti Platform Network.

These Seller Terms apply to:

  • CostumePeti.com
  • Vault.Fashion
  • Vault.Wedding
  • Vault.Luxury
  • Seller Central by CostumePeti

These Seller Terms supplement and incorporate by reference:

  • Terms of Service
  • Privacy Policy
  • Rental Terms
  • Damage & Deposit Assessment Policy (including Schedules A–D where applicable)
  • All platform policies, seller program rules, fee schedules and operating standards

1. RELATIONSHIP OF PARTIES

Seller participates as an independent merchant, consignor, inventory owner or service provider.

Nothing in these Terms creates:

  • Partnership
  • Joint venture
  • Franchise
  • Employment relationship
  • Fiduciary relationship

Except where expressly stated, Seller acts as independent business operator.

2. NATURE OF PLATFORM

Platform may act as:

  • Marketplace operator
  • Rental facilitator
  • Technology intermediary
  • Payment facilitator
  • Storage and logistics provider
  • Principal reseller in designated programs

Platform role may vary by transaction.

3. ELIGIBILITY AND ONBOARDING

Seller may be required to provide:

  • Business identity documentation
  • Government registrations
  • GST / tax information
  • Banking and payout details
  • Brand authorization documentation
  • Inventory ownership verification
  • KYC / compliance information

Platform may approve, reject or condition participation.

4. SELLER ACCOUNT RESPONSIBILITIES

Seller is responsible for:

  • Account credentials
  • Authorized users
  • Portal activity
  • Data accuracy
  • Inventory information
  • Compliance with seller standards

Seller remains responsible for activity under account.

5. INVENTORY REPRESENTATIONS

Seller represents all inventory:

  • Is lawfully owned or authorized
  • Is authentic where represented
  • Is not counterfeit or infringing
  • Is accurately described
  • Complies with applicable law
  • Is fit for listing under platform standards

Seller bears responsibility for false or misleading listings.

6. INVENTORY LISTINGS

Seller is responsible for:

  • Titles
  • Descriptions
  • Pricing
  • Rental rates
  • Availability
  • Specifications
  • Condition disclosures
  • Care requirements

Platform may moderate or remove listings.

7. CROSS-LISTING RIGHTS

Seller acknowledges platform may syndicate, promote or cross-list eligible inventory across affiliated properties, channels, campaigns and network sites, subject to applicable program rules.

8. INVENTORY OWNERSHIP / CONSIGNMENT

Unless otherwise agreed:

Seller retains ownership of seller-owned inventory.

Separate consignment or managed inventory programs may be governed by supplemental agreements.

9. RENTAL INVENTORY RESPONSIBILITIES

For rental inventory Seller agrees to:

  • Provide rental-ready inventory
  • Meet condition standards
  • Support lifecycle standards
  • Comply with cleaning and repair protocols

Inventory may be rejected or suspended for quality failures.

10. QUALITY STANDARDS

Platform may reject inventory that:

  • Fails QC
  • Is unsafe
  • Is damaged beyond acceptable standard
  • Violates hygiene or presentation standards
  • Is materially misrepresented

Platform quality determinations may govern participation.

11. PRICING

Seller may set or participate in setting:

  • Sale pricing
  • Rental pricing
  • Deposits where applicable
  • Promotions subject to program rules

Platform may impose pricing controls in designated programs.

12. FEES AND COMMISSIONS

Seller agrees platform may charge:

  • Commissions
  • Subscription fees
  • Storage fees
  • Service fees
  • Payment processing deductions
  • Logistics deductions
  • Other disclosed fees

See Schedule A.

13. PAYOUTS AND SETTLEMENTS

Payouts may be subject to:

  • Order completion
  • Rental return completion
  • Deposit resolution
  • Fraud review
  • Chargeback reserves
  • Applicable deductions

See Schedule D.

14. TAX RESPONSIBILITIES

Seller is solely responsible for:

  • GST / VAT obligations
  • Tax filings
  • Income reporting
  • Compliance obligations relating to earnings

15. STORAGE & WAREHOUSING

Where inventory enters storage or managed programs:

Seller acknowledges:

  • Warehouse operating standards apply
  • Inventory handling protocols apply
  • Tracking/QR systems may be used
  • Separate storage terms may apply

16. DAMAGE / LOSS / CLAIMS

Damage and loss matters may be handled under:

  • Rental Terms
  • Damage & Deposit Policy
  • Claims procedures
  • Seller compensation procedures

Platform may administer claims on behalf of sellers.

17. REPAIRS AND MAINTENANCE

Platform may coordinate:

  • Repairs
  • Restoration
  • Cleaning
  • Maintenance decisions under applicable programs

18. FULFILLMENT OBLIGATIONS

Seller agrees to fulfill obligations timely and accurately.

Repeated failures may lead to:

  • Restrictions
  • Penalties
  • Suspension

19. PROHIBITED SELLER CONDUCT

Seller may not:

  • Sell counterfeit goods
  • Misrepresent inventory
  • Circumvent fees
  • Manipulate reviews
  • Divert customers off-platform improperly
  • Commit fraud
  • Abuse buyers or platform personnel

Violations may result in termination.

20. CUSTOMER RELATIONSHIPS

Customer relationships generated through the platform remain subject to platform policies.

Unauthorized circumvention may be prohibited.

21. CHARGEBACKS / FRAUD / OFFSETS

Platform may:

  • Investigate disputes
  • Reverse payouts where justified
  • Offset amounts due
  • Hold reserves where reasonably necessary

22. INTELLECTUAL PROPERTY LICENSE

Seller grants platform a non-exclusive license to use:

  • Product photos
  • Listing content
  • Brand assets provided
  • Inventory content

for:

  • Listings
  • Promotion
  • Merchandising
  • Marketing

Seller warrants rights to such materials.

23. PLATFORM RIGHTS

Platform may:

  • Remove listings
  • Suspend sellers
  • Hold reserves
  • Modify programs
  • Restrict categories
  • Adjust risk controls

24. PERFORMANCE STANDARDS

Seller may be evaluated on:

  • Fulfillment performance
  • Inventory quality
  • Cancellation rates
  • Dispute rates
  • Compliance performance

See Schedule B.

25. SUSPENSION AND TERMINATION

Platform may suspend or terminate participation for:

  • Policy violations
  • Fraud risk
  • Counterfeit concerns
  • Performance failures
  • Compliance breaches

Obligations accrued survive termination.

26. CONFIDENTIALITY

Seller agrees not to disclose non-public platform information including:

  • Pricing structures
  • Operational processes
  • Proprietary systems
  • Non-public data

27. INDEMNIFICATION

Seller agrees to indemnify platform from claims arising from:

  • Seller conduct
  • Inventory claims
  • IP infringement
  • Legal violations
  • Product or compliance claims

28. LIMITATION OF LIABILITY

To maximum extent permitted by law:

Platform shall not be liable for:

  • Indirect damages
  • Lost profits
  • Business interruption
  • Opportunity losses

Nothing excludes liability that cannot legally be excluded.

29. INSURANCE

Certain sellers or programs may require:

  • Inventory insurance
  • Commercial liability coverage
  • Additional protections for high-value inventory

30. GOVERNING LAW

These Terms are governed by laws of India.

Jurisdiction: Mumbai, Maharashtra.

31. DISPUTE RESOLUTION

Disputes shall first be attempted through good faith resolution.

Unresolved disputes may proceed to arbitration per Terms of Service.

32. CHANGES

Platform may update these Seller Terms periodically.

Continued participation may constitute acceptance.

33. CONTACT

Seller Support / Vendor Relations
CostumePeti
seller@costumepeti.com

SCHEDULE A

COMMISSION & FEE SCHEDULE

1. Fee Categories

Platform may apply:

  • Marketplace commissions
  • Rental commissions
  • Storage charges
  • Fulfillment charges
  • Platform service fees
  • Payment processing deductions
  • Optional promotional program fees

Fee structures may vary by:

  • Product category
  • Sales vs rentals
  • Managed inventory programs
  • Seller tier

2. Commission Models

Commission models may include:

Transaction Commission

Percentage-based commission.

Subscription + Reduced Commission

Program-based.

Managed Inventory Program

May include integrated fee structure.

Consignment Program

May include separate revenue split model.

3. Additional Seller Charges

May include:

  • Returns processing costs
  • Repair offsets where applicable
  • Storage overage fees
  • Recovery costs for policy breaches

4. Fee Changes

Platform may revise fee schedules upon notice as required.

SCHEDULE B

SELLER PERFORMANCE STANDARDS

Seller performance may be evaluated based on:

1. Operational Standards

Including:

  • Order acceptance reliability
  • Fulfillment timeliness
  • Inventory accuracy
  • Return handling compliance

2. Quality Standards

May include:

  • Rental readiness
  • Product condition standards
  • Listing quality
  • Customer dispute levels

3. Risk Indicators

Repeated issues may include:

  • High cancellations
  • Misrepresentation incidents
  • Counterfeit concerns
  • Excessive disputes
  • Repeated fulfillment failures

May trigger:

  • Coaching
  • Restrictions
  • Suspension review

4. Seller Tiering (Optional Programs)

Platform may designate performance tiers such as:

  • Standard
  • Preferred
  • Premium
  • Managed Partner

Benefits or restrictions may vary.

SCHEDULE C

INVENTORY CONDITION STANDARDS

1. Rental-Ready Condition

Inventory should generally be:

  • Clean
  • Functional
  • Accurate to listing
  • Free from undisclosed defects

2. Condition Categories

Standard Acceptable Wear

May be acceptable.

Repair Needed

May require correction before listing.

Non-Compliant Inventory

May be rejected.

3. Specialized Inventory Standards

Additional standards may apply for:

  • Couture
  • Bridal
  • Props
  • Production wardrobes
  • Archive pieces

4. Warehouse Intake Standards

Inventory may be subject to:

  • QC intake review
  • Photography requirements
  • SKU / QR labeling requirements
  • Storage preparation standards

SCHEDULE D

VENDOR PAYOUT & RESERVE POLICY

1. Settlement Timing

Payout timing may depend on:

  • Transaction completion
  • Return completion (rentals)
  • Deposit claim windows
  • Fraud screening
  • Reserve requirements

2. Reserve Holds

Platform may maintain reserves for:

  • Chargeback risk
  • Damage claims
  • Fraud prevention
  • Seller performance risk

Reserves may be temporary or program-specific.

3. Offsets

Platform may offset against payouts amounts reasonably owed including:

  • Refunds
  • Chargebacks
  • Fees
  • Damage recoveries
  • Contractual amounts due

4. Chargeback Handling

Chargebacks may be reviewed and may affect:

  • Current payouts
  • Reserve levels
  • Seller standing

5. Exceptional Risk Controls

Enhanced reserves or payout controls may apply for:

  • High-risk categories
  • New sellers
  • Elevated dispute patterns
  • High-value inventory programs

OPTIONAL ADDENDUM

MANAGED INVENTORY PROGRAM ADDENDUM

(Recommended for Vault-managed sellers)

Where seller elects managed inventory services, supplemental terms may govern:

  • Storage
  • Lifecycle management
  • Rental handling
  • Repairs
  • Cross-listing rights
  • Managed monetization services

Separate program agreement may apply.

ORDER OF PRECEDENCE

If conflict exists:

  1. Terms of Service
  2. These Seller Terms
  3. Attached Schedules
  4. Program-specific addenda

Unless applicable law requires otherwise.

ENTIRE AGREEMENT

These Seller Terms together with incorporated policies and schedules form the agreement governing seller participation.

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