Creators Inventory Policy

Mutual Election.  By default, every Creator with INVIZ agrees to create and sell Merchandise Product by utilizing the Print On-Demand Fulfillment for Orders which requires neither the purchase of inventory, the expense of storage fees, nor the the retention or maintenance of any physical Merchandise Product. However, provided that: (a) the Creator elects to utilize INVIZ’s Inventory Service and thereby authorize INVIZ to fulfill Orders by utilizing a pre-sales model, batch-printing model or custom product model which requires the purchase of a form of inventory (the “Inventory”), and (b) INVIZ agrees to fulfill Orders by utilizing one of the aforementioned methods in order to purchase such Inventory, then the Creator shall be bound by the terms and conditions as set forth in this Inventory Policy at their sole discretion and the Creator elects to use, and for INVIZ to authorize commencement of, the Inventory Service (the “Mutual Election”).

Definitions.  Provided the event of a Mutual Election, as a provision of the Inventory Services the following terms and their respective definitions may be used thereof during communications between the Creator and INVIZ as it pertains to the Inventory that INVIZ may purchase:

Pre-Sales Model.  Provided that (a) the Mutual Election includes a pre-sales model as the Fulfillment Type, and provided that (b) the number of Pre-Orders received from Customers equals or exceeds the MOQ, then INVIZ hereby agrees to purchase the MOQ as specified in the Purchase Order (the “Pre-Sales Model”). Provided the event where INVIZ receives a total amount of Pre-Orders that does not exceed the amount of the MOQ, then INVIZ reserves the right to cancel such Pre-Orders and/or refund to the Customers all money it received in connection with such Pre-Orders and INVIZ’s obligations with respect to such Pre-Orders and the corresponding Mutual Election shall cease.

Title of Risk/ Loss.  Ownership and title to the Inventory remains with the Creator at all times until delivery to a customer pursuant to this Inventory Policy. Upon such delivery, the risk of loss or the damage or the destruction of the Inventory passes to INVIZ and shall remain with INVIZ until either (a) the Inventory is tendered to the carrier for delivery to the Customer, provided however, the Inventory is purchased from the INVIZ websites, INVIZ applications or other services owned and operated by INVIZ; or (b) upon pickup of the Inventory by Creator or its designee for return, donation or otherwise, provided if, the Inventory is deemed either (i) unsellable, or (ii) not purchased from the INVIZ websites, INVIZ applications or other services owned and operated by INVIZ.

Excess Inventory.  Provided the event where (a) the Inventory is in Storage, and provided the event where (b) the Inventory has reached the Storage Period Limit, then INVIZ reserves the right to deem such Inventory as "Excess Inventory" and thereof give notice to the Creator of the existence of such Excess Inventory. Upon receipt of such notice, the Creator shall have the option to have any Excess Inventory either destroyed, donated, or shipped back to Creator, at Creator’s expense (the "Excess Inventory Option"), provided however, the accumulated total of all Creator Costs has been paid in full. Provided that the Creator does not exercise this the Excess Inventory Option within thirty (30) days following the expiration of the Storage Period Limit, then INVIZ reserves the right to sell, in accordance with local and federal laws, any Excess Inventory in its possession to settle the past due balances in connection to the accumulated Creator Costs, or destroy, donate or otherwise dispose of the Excess Inventory at its sole discretion, provided however, any remaining Excess Inventory, after all accumulated Creator Costs have been recouped by INVIZ, shall be shipped to the Creator.

Insurance.  INVIZ is under no obligation to obtain and maintain any insurance for the Inventory, regardless of whether such Inventory is stored by INVIZ or warehoused by a third-party, and therefore such Inventory may not be insured against loss or damage by INVIZ. Creator reserves the right to obtain and maintain insurance coverage for any such Inventory.

IN THE EVENT OF INVENTORY LOSS DUE TO INVENTORY COUNT INACCURACIES, INACCURATE INVENTORY COUNTS DURING RECEIVING OR INVENTORY COUNT INACCURACIES AT ANY TIME THAT INVIZ IS IN POSSESSION OF INVENTORY FOR WHICH THE CLAUSES ABOVE ARE DETERMINED TO BE INAPPLICABLE AND INVIZ IS HELD LEGALLY LIABLE, CREATOR AGREES THAT IT WILL BE CONSIDERED AN “INVENTORY LOSS” AND INVIZ’S LIABILITY SHALL BE LIMITED AS STATED IN ABOVE. IN NO EVENT SHALL INVIZ BE LIABLE FOR ANY LOST SALES REVENUE FROM THE INVENTORY LOSS DUE TO INVENTORY COUNT INACCURACIES.