Agreement to Sell

By agreeing to the terms and conditions outlined herein, you ("the Seller") agree to sell your stock to THE WHOLESALE BUYER LTD, trading as STOCK BUYER UK ("the Buyer"). This agreement is legally binding and governs the sale of your stock to the Buyer.

Stock Holding Requirement

Upon signing this agreement, the Seller is required to hold the stock until payment is made by the Buyer. Failure to hold the stock as agreed will result in an administrative fee of 20% of the value of the consignment being charged to the Seller.

Ownership and Legality of Goods

The Seller hereby confirms that all goods sold under this agreement are the property of the Seller and can be proven as such if necessary. The Seller also confirms that the stock is not stolen and does not originate from any sources that could cause issues with legal bodies. In the event that legal issues arise regarding the source of the goods, the Buyer reserves the right to pass on the details provided by the Seller to the relevant authorities.

Failed Collection, Additional Costs and Recovery of Losses

Where a collection of goods has been arranged and confirmed, it is the responsibility of the party arranging or supplying the goods to ensure that the stock is ready, accessible, and authorised for release at the agreed collection date and time.

In the event that the collection cannot proceed due to circumstances outside the control of the collecting party, including but not limited to:

- Goods not being prepared or available for collection  
- Incorrect information regarding location, quantities, or access  
- Storage accounts not being up to date with the storage facility  
- The storage facility refusing release of goods due to outstanding fees  
- Delays or failures caused by the supplier, warehouse, or third-party agent  

the party responsible for the failure shall be liable for all costs incurred by the collecting party.

Recoverable costs may include, but are not limited to:

- Transport and haulage charges  
- Driver and labour costs  
- Waiting time or aborted collection charges  
- Additional logistics or re-booking costs  
- Storage or handling charges  
- Administrative costs associated with the failed collection

Where any financial loss is suffered as a result of the failed or delayed collection, the collecting party reserves the right to pursue recovery of all incurred costs and losses from the responsible party.

If payment is not made within the agreed payment terms, the collecting party reserves the right to pursue recovery of the outstanding funds through appropriate legal channels, including debt recovery procedures and court action if necessary.

Aborted or Failed Collection Fee

Where a confirmed collection cannot proceed due to the fault of the supplier, warehouse, or any third party acting on their behalf, including but not limited to goods not being ready, incorrect information provided, restricted access, or outstanding storage fees preventing release of the goods, an aborted collection fee will apply.

The aborted collection fee will be a minimum of £350 per vehicle, or the full amount of the actual transport and labour costs incurred, whichever is greater.

This fee is payable by the party responsible for the failed collection and must be settled within the agreed payment terms.

The collecting party also reserves the right to pursue recovery of any additional financial losses or costs incurred as a result of the failed collection, including through debt recovery procedures or legal action if necessary.

Data Protection

By agreeing to these terms and conditions, the Seller consents to the Buyer storing the Seller's data on a secure, encrypted server. This data will be destroyed after 7 years in accordance with data protection regulations.

Transfer of Ownership

Once the Seller has ticked the box indicating that they have read and agree to these terms and conditions, ownership of the stock will transfer to THE WHOLESALE BUYER LTD Breaking this agreement will result in a cancellation charge of 30% of the total value of the consignment being levied against the Seller.

Payment Terms

Payment for the goods will be made upon inspection at the Buyer's warehouse, unless verified at the time of collection. The specific terms of payment will be agreed upon separately and are subject to the satisfactory inspection of the goods by the Buyer.

Quality and Suitability of Goods

Once the stock has been assessed, if the quality is not as described, the Buyer will return all goods at the cost of the Seller and take proceedings to receive a full refund. Additionally, the Buyer reserves the right to cancel this agreement without any notice at any point if the Buyer decides the stock is not suitable for their needs. Cost of returning the stock is paid by the buyer if stock is not as described. Legal routes will be looked if necessary.

For any issues or inquiries related to this agreement, please contact our office at 0121 630 1446.

Acknowledgement and Agreement

By ticking the box to agree to these terms and conditions, the Seller acknowledges having read and understood the terms outlined above and agrees to comply with them fully.

Thank you for your business.