Pin Pals Royalty Plan Terms & Conditions

Product MRP* (subject to change based on channel) Bulk Rate for Artist Managed Channels** (@30% discount all incl)
Pins (Printed, Painted, Enamel) 499 349
Magnets 499 349
Earrings (Painted) 549 384
Tote Bags 1299 909
Standard Keychains 499 349
NFC Keychain (Wireless tap feature) 649 454
Sticker Packs (5 per pack) 199 139
Standard Jigsaws 1999 1399
Micro Jigsaw 999 699
Bookmarks 129 90
Diaries / Notebooks 699 489
Sales Channels
SIWAP Website.
Online Marketplaces (ex. Amazon).
Retail Counters (displays inside other stores, museums, gift shops etc).
Pop-ups, Events & Exhibitions (in India and abroad).
Corporate & Bulk Orders.
Wholesale Buyers.
Artist Managed Channels (events, giveaways, instagram, direct & indirect channels marketed and managed by the Artist themselves).
Marketing Channels
Collaborative marketing efforts between SIWAP & Artists.
SIWAP Website Banners / Featured Artist Shoutouts.
Social Channels - Instagram, FB posts etc.
Paid Channels - Google, Insta, FB, Amazon ads etc.
Content - Promoting Pin Pals and Artists through regular blogs, interviews, podcasts, events etc.

Notes:

The collaboration and products will be marketed by SIWAP under the Pin Pals property with clear attribution to the artist including their name and social handles across all Channels.

*The MRP mentioned above is an indicative maximum price. The final MRP or discount will be decided by SIWAP according to the channel and audience insights.

Royalty paid to artist will be 10% on all Net Sales across channels managed by SIWAP. Sales records will be availalbe for view in real time through a dedicated portal for each artist.

**For Artist Managed Channels (for example, when you want merch for your own events), a flat 30% discount on MRP will be offered to the artist for bulk purchases. MOQ will be decided based on product category.

Invoices will be generated between the 1st and 3rd of each month for the sales booked in the previous month. Payouts will be made within 15 days of generating the invoice.

Productisation (converting artwork into manufacturable product) will be done in close collaboration and approval of the Artist. SIWAP will have final say on Packaging and Communication design.

New product categories that are already part of an Artist's collection can also be added to the Artist Store. Terms and conditions to be finalised based on scope.