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.