TERMS & CONDITIONS

Last Updated: September 2023

Welcome to the SOKEN Boutique Lender Program ("Program"). By participating in this Program, you agree to comply with these terms and conditions ("Agreement").

Please read this Agreement carefully.

1. ELIGIBILITY

(a) To become a lender ("Lender") in the Program, you must:

Be a legal entity or an individual of at least 18 years of age.
Possess the legal right to enter into contracts.
Provide accurate and complete information during the registration process.
Maintain accurate and up-to-date information throughout your participation in the Program.

2. APPLICATION PROCESS

(a) To join the Program, you must contact the SOKEN Boutique team via email at admin@sokenboutique.com expressing your interest.

(b) You must provide detailed information about your designer garments, including sizes and high-quality photographs.

3. LISTINGS

(a) Once approved, SOKEN is responsible for providing accurate and detailed descriptions, sizes, and high-quality photographs of each designer garment listed on our platform.

(b) SOKEN shall ensure that all designer garments listed are in excellent condition, clean, and well-maintained for each rental.

4. PRICING AND COMMISSION

(a) Lender shall collaborate with SOKEN Boutique to set rental prices for each designer garment, with SOKEN Boutique retaining the right to modify prices as needed.

(b) Lender agrees to accept a commission of 50% for each successful rental transaction as per the RRP of the garment.

5. INVENTORY MANAGEMENT

SOKEN Boutique is responsible for maintaining an accurate inventory of available designer garments and promptly updating it's system when items are rented, returned, or become unavailable.

6. PAYMENT

(a) SOKEN Boutique shall remit payments to Lender for each successful rental transaction within the agreed-upon payment frequency as specified in the Lender Agreement.

(b) Lender is responsible for providing accurate payment information to receive payments.

7. TERM AND TERMINATION

(a) The term of this Agreement shall be as specified in the Lender Agreement or until terminated by either Party with the notice period as specified in the Lender Agreement.

(b) Either Party may terminate this Agreement immediately upon written notice if the other Party breaches any material term or condition of this Agreement.

8. CONFIDENTIALITY

Both Parties agree to maintain the confidentiality of non-public information received from the other Party and shall not disclose such information to any third party without prior written consent.

9. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of ACT Australia, without regard to its conflict of laws principles.

10. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings, whether written or oral, with respect to the subject matter herein.

11. AMENDMENTS

No modification, amendment, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.

By participating in the SOKEN Boutique Lender Program, Lender acknowledges that they have read, understood, and agreed to these terms and conditions.

For any inquiries or concerns, please contact us at admin@sokenboutique.com