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Terms and conditions for Sellers on our Platform

  1. SELLER REGISTRATION AND ACCOUNT CREATION
    To start selling your fabrics on our Platform, it is necessary to complete the registration as a Seller. For this purpose, the following data is provided in reference to the profile as a Seller:
Company name                                                                      
Registered office  
Tax identification number  
Name and surname of legal representative  
Legal representative’s ID number  

Likewise, information regarding the fabrics to be made available on the Recovo Platform is provided through the template provided.

At the moment in which these Terms and Conditions are subscribed it is necessary to send a sample of the fabrics to Recovo, Carrer Paris, 211, 1st floor, 08008, Barcelona, Spain.

1.1. FABRIC

You can get more information about what kind of fabrics you can market through Recovo.  In Recovo deadstock fabrics are marketed.           

For this purpose, during the term of the commercial relationship with Recovo, the Seller undertakes to market only through Recovo, deadstock or textile surplus.              

1.2 FABRIC SAMPLES
The deadline to complete this step is 5 working days after the subscription of these Terms and Conditions.

In this way, we will be able to assess their quality and if everything is correct, complete the profile registration and register you as a Seller in Recovo.

Shipping costs will be borne entirely by the Seller who has applied for registration on the Platform and will be made to the following address: Recovo, Carrer de Paris, 211, 1st floor, 08008, Barcelona, Spain.

The Seller’s fabric samples act as a representation of the overall quality of the fabric in its warehouse. The Seller agrees and confirms this.

The number of samples submitted must match the total number of fabrics to be offered for sale on the Platform indicated in the product upload file.

1.3 PRODUCT FOR SALE

Recovo takes care of the necessary steps to put your items for sale:

  • Professional product photography
  • Descriptions and characteristics according to the data provided
  • Upload the product to the platform and put it on sale.
  • Promotion of fabrics to promote their sale
  • Service management and sending of samples to interested buyers.

1.4 PRODUCT INFORMATION
The information on the fabric provided by the Seller is considered accurate. Any claim of the same by the Buyer (weight, width, color, composition) will be with the Seller, in no case of Recovo.

The Seller will have to send to Recovo the technical data sheets of the fabrics to be offered for sale.

It is the Seller’s obligation to check that all the information is correct. The minimum sale of fabric is 5 meters.

In case you do not agree with the information of the items uploaded to the Platform, you can send an email to [email protected] with the subject “Product Review” and we will update the information with your comments.

1.5 PRICE OF THE FABRICS
The Seller shall be free to determine the price of the fabrics published on the Recovo marketplace. For this purpose, Recovo may make guidelines or indications to determine an optimal price in order to maximize its commercialization.

In the moment that certain terms elapse and the fabric has not been acquired by buyers, Recovo will be able to apply the following progressive discounts:

  • Unsold fabrics having elapsed within 4 months of publication a 10% discount on the original price is applied.
  • Unsold fabrics within 6 months of publication, a 30% discount on the original price will be applied.
  • For unsold fabrics within 8 months of publication, a discount of 60% of the original price will be applied.

In the event that the price of the fabrics is less than 3.50 € / meter, the following limits are established for the adjustment of discounts:

  • Unsold fabrics having elapsed within 4 months of their publication, a 10% discount on the original price will be applied.
  • Unsold fabrics within 6 months of their publication, a discount of 20% of the original price will be applied.
  • Unsold fabrics within 8 months of publication, a maximum discount will be applied resulting in a final price of 1,50€ / meter.

2. ORDERS PLACED BY BUYERS AND SHIPMENTS
The Seller agrees to comply with Recovo’s standards regarding the preparation and shipment of products marketed on the Platform. Such instructions are available in the Terms and Conditions on the Recovo website and apply to all orders placed on the Platform.


3. RECOVO FEES
Sellers agree to pay Recovo SL the fees detailed below for each transaction that takes place on the Recovo marketplace. Recovo will issue an invoice for the fee established for each order individually.

DESCRIPTION

                             FEE          

Annual Marketplace service fee

 

When the Buyer purchases a product through the Platform, you will make payment to Recovo. Recovo will deduct your commission and any amount to be deducted following the provisions of these Terms and will credit the remaining amount to the Seller’s account on the Platform.

Payments will be made quarterly at the end of each quarter.

Payment requests must be made through the Platform, and the Seller must send Recovo a request to withdraw the balance through its Recovo login panel. All fees associated with the request, including wire transfer fees, bank fees and currency conversion costs, will be deducted from the amount prior to the transfer.

* The annual Marketplace service fee is payable for each of the years in which the Seller offers its services on the Recovo platform. The computation for its payment will be made annually, from date to date, and it is not possible to prorate its payment or to stop paying for lack of use during a monthly period.


4. RECOVO-SELLER-BUYER RELATIONSHIP
Recovo will act as an intermediary, providing its technology to Buyers and Sellers to facilitate the service and transaction.

The transactional relationship of the items is between the Seller and the Buyer. Therefore, any liability arising out of the transaction between these parties shall be attributable solely to the party in breach thereof.

To this end, the Seller also undertakes to close a meeting with the Recovo team when one and a half months have elapsed since the activation of the Seller’s account with the intention of implementing actions to encourage the recurrent publication of the Seller’s deadstock.


5. UNSUBSCRIBING AS A SELLER
Sellers can unsubscribe from Recovo at any time and assuming that all their pending orders have already been processed and completed.


6. DURATION AND VALIDITY OF SELLER STATUS

6.1 DURATION AND RENEWAL
The Seller shall maintain these conditions for one year from the date of completion of the registration process as a seller. This condition shall be automatically extended unless the Seller notifies Recovo 30 days in advance of the expiration of the year of validity of the Seller condition.

6.2 WITHDRAWAL AS A SELLER
The Seller may withdraw at any time. Likewise, Recovo may terminate the Seller and may suspend its access to the Platform.

In both cases, the party wishing to withdraw must notify the other party at least 30 days in advance.

In no event shall Recovo suspend the Seller’s access to the Platform without prior notice to the Seller.

Recovo may terminate the Seller if the Seller breaches the return policy or repeatedly lists products that do not comply with applicable laws (including labor standards and material safety laws) or is the subject of repeated complaints of counterfeiting or intellectual property infringement.


7. INTELLECTUAL PROPERTY
Seller shall not offer for sale materials that infringe the rights of third parties, including intellectual property rights. Seller acknowledges that failure to comply will result in removal from infringing product listings and possibly removal from the Platform as a Seller.


8. CONFIDENTIALITY
Definitions. “Confidential Information” means all information that a party identifies as confidential, and also all information that, by its nature, would be considered confidential by a reasonable business person (including, without limitation, all non-public details of the Platform and pricing). However, Confidential Information does not include information: (i) which was or becomes in the public domain for reasons beyond the Receiving Party’s control; (ii) which was already in the possession of the Receiving Party at the time of disclosure by the Disclosing Party; (iii) obtained by the Receiving Party from a third party without breach of the third party’s confidentiality obligations.

“Disclosing Party” means the party sharing the Confidential Information. “Receiving Party” means the party to whom the Confidential Information is provided.

Protection, Use and Disclosure of Confidential Information. The Receiving Party shall hold all Confidential Information in strict confidence and shall take all measures reasonably necessary to protect the confidentiality and security of the Confidential Information of the Disclosing Party. These measures shall be at least as strict as those used by the Receiving Party for its Confidential Information.

The Receiving Party shall not disclose the Confidential Information to any third party, unless required by law. If disclosure of Confidential Information is required by law, the Receiving Party shall notify the Disclosing Party so that the Disclosing Party may intervene to protect its rights.

The Receiving Party will not use the Confidential Information for any purpose, except as strictly necessary to enforce the Terms and Conditions.

Destruction of Confidential Information. All Confidential Information shall remain the property of the Disclosing Party. Upon termination or non-renewal of Seller status, the Receiving Party shall destroy or return all copies of Confidential Information in its possession, and shall certify such return/destruction upon request.

The obligation of confidentiality shall survive even if the Seller has lost such status, regardless of the cause.


9. GENERAL
9.1 Applicable law. The relationship between the Seller and Recovo is governed by the national laws of Spain.

9.2 Dispute resolution. Any dispute arising out of or related to the acquired condition of the Seller and the Platform shall be subject to the exclusive jurisdiction of the courts of Barcelona.

9.3 Relationship. The parties agree that the relationship between them is that of independent contractors. In no event shall any employment, partnership, agency, trust, franchise or joint venture relationship be created. Seller specifically agrees that Recovo is not acting as Seller’s agent in any transaction relating to or arising out of the Platform.

9.4 Assignment. Neither party may assign its rights to any third party or the status of Seller (including the right to receive payments arising from performance or non-performance) without the prior written consent of the other party. Any purported assignment that does not comply with this clause shall be void.

9.5 Force Majeure. Neither party shall be liable for delay in performance or failure to perform caused by natural disasters, governmental actions, acts of war, terrorism, legal or illegal strikes, terrorism, cyber-terrorism and other acts beyond the foreseeable or reasonable control of a party (a “Force Majeure Event”). However, if performance of a party’s obligations is delayed for more than 30 consecutive days due to a force majeure event, the other party may, at its option, cancel the subscription without penalty.

Acknowledgment Recovo                                                        Acknowledgment Seller

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