A Consignment Agreement is signed between two parties, the consignee and the consignor. The consignee can use, store, sell, or resell the commodity, which is consigned in the market. All these come under an agreement most commonly called the Consignment Agreement. When the agreement ends all the unsold goods are returned by the consignee to the consignor.
The agreement benefits both the consignor and the consignee in several different ways. One major advantage to the consignor is that he/she still remains the owner of the goods by law, the consignee is allowed to store the goods with respect to his disposal requirements though. Being familiar with the agreement helps both the parties understand the nature of the responsibilities due on them; size of the stock, along with all other stipulations are contained by the agreement’s terms and conditions.
FIND THE IDEAL CONSIGNMENT AGREEMENT TEMPLATE HERE
Our website provides you with the perfect template for a Consignment Agreement as well. A Consignment Agreement must outline all the major and minor details which include: what will happen in case the items would not be sold, commission rate of the consignee, deadline to sell the goods, and etc. In most cases, the consignee will collect the sale price of the merchandise handed over and will keep a certain percentage as his profit and will pay the balance back to the consignor. The given agreement is very simple and flexible to document, providing a variety of optional paragraphs to include. It is advisable to consult an attorney in case your situation poses unusual circumstances.
Microsoft Word document file | File size 19 KB | No. of pages = 2 | Download