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Consignment Agreement

The consignment agreement establishes terms between a seller and consignee where the seller will display and sell consigned items from the consignee. The seller agrees to prominently display items, sell them for the agreed upon price, and pay the consignee within 30 days less a percentage commission. The consignee agrees to provide high quality products and replace any damaged items, while the seller must insure the consigned goods and keep them for a minimum period before being returned.

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Tylesha Dobson
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173 views2 pages

Consignment Agreement

The consignment agreement establishes terms between a seller and consignee where the seller will display and sell consigned items from the consignee. The seller agrees to prominently display items, sell them for the agreed upon price, and pay the consignee within 30 days less a percentage commission. The consignee agrees to provide high quality products and replace any damaged items, while the seller must insure the consigned goods and keep them for a minimum period before being returned.

Uploaded by

Tylesha Dobson
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as ODT, PDF, TXT or read online on Scribd
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Consignment Agreement

As of the date of the signing of this contract, an agreement has been made between , the "Seller", and
name of shop/owner

also known as the "Consignee". Both parties agree to the following: The Seller agrees to display the agreed upon item(s) in a prominent area of his/her place of business. The Seller is entitled to retain % of the purchase price of each sale.

The Seller shall submit a check for the full amount of the purchase price, less the agreed upon % to the consignee within days of receipt of sale. The Seller agrees to obtain the price set by the consignee per each item sold, and will take no less than the purchase price for the consigned merchandise unless otherwise agreed upon in writing, by both parties. The Seller has proven to the Consignee that he/she maintains insurance for any theft or damage that may occur, and agrees that while the consigned merchandise is in his/her possession, it will be covered by said insurance. The Consignee agrees to leave merchandise with the Seller for a minimum of days. The Consignee agrees to present only high quality product to the Seller, and agrees to replace any item that has been flawed or damaged by the Consignee during the manufacturing process. All remaining unsold merchandise at the end of the consignment period shall be evaluated by both the Seller and Consignee. If a decision is made by the Consignee to remove the said merchandise, the Consignee is responsible for any delivery costs incurred for doing so. All marketing merchandise including brochures, pamphlets, displays, and so forth will also be removed at the time the said merchandise is removed, unless otherwise agreed upon by the Seller and Consignee.

I,

do hereby agree to the terms

set forth in this agreement.


Print Seller's Name

Seller's Signature

Date

I,

do hereby agree to the terms set forth in this agreement.


Print Consignee's Name

Consignee's Signature

Date

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