Price Lock Period
The purchase price of the item shall be locked for the first twelve (12) months from the start date of the extended layaway agreement (“Price Lock Period”).
If the item is fully released from layaway within the initial twelve (12) months, the original agreed purchase price shall be honored in full, and no market or price adjustment will be applied.

Post Price-Lock Adjustment
If the item remains on extended layaway beyond the initial 12-month Price Lock Period, the Company reserves the right, prior to final release of the item, to apply a market or replacement-cost adjustment if applicable.
Such adjustment may be applied in cases where there has been a material increase in one or more of the following:

• Brand retail pricing
• Replacement cost
• Market value
• Availability or sourcing cost

Any applicable adjustment will be communicated to the Client prior to item release.

Item Holding & Release
All items under extended layaway remain the property of the Company until all release conditions under this agreement have been satisfied.
Item release is subject to:

• Compliance with payment terms
• Reduction of outstanding balance and/or exposure within approved limits
• Fulfillment of all contractual obligations

Acknowledgement
By signing this agreement, the Client acknowledges and agrees that:

• The price lock is time-limited
• Extended layaway involves market risk beyond the Price Lock Period
• Any applicable adjustments are a condition of long-term holding and inventory protection
• All determinations related to pricing adjustments are made in good faith and in accordance with this agreement

Non-Negotiability
This Price Lock and Market Adjustment Policy is non-negotiable and applies uniformly to all clients approved for extended layaway.