Consignment Agreement
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1Consignment Agreement
This agreement is made on ______ (date) between ____________________(store, herein
referred to as "Consignee") and ______________________________( artist, herein referred to as
"Seller") as follows:
Seller hereby consigns to Consignee the following described merchandise, to be displayed at a
prominent place at Consignee's premises and offered for sale at the price set forth, of which the
designated percentage of 40% shall be deducted out of proceeds by Consignee for its
compensation.
Quantity
Merchandise Description
Price
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Said merchandise shall be displayed until the earlier of sale or when ____days have elapsed.
Sales tax shall be collected and paid by consignee and shall not be considered part of the price
nor subject to percentage allocation.
Merchandise is to be delivered by Seller in good and salable condition and free of defects.
Consignee shall maintain the merchandise with care, shall keep it insured for theft and damage,
and shall make all reasonable efforts to comply with seller's instructions for the care of the
merchandise. In the event Consignee fails to do so, Consignee shall be liable for the price for
said merchandise set forth above, less the percentage thereof allocated to Consignee.
Consignee shall sell only at the price listed herein, unless authorized by Seller to sell at a
different price. At the end of each month, Consignee shall account for and pay to Seller all
proceeds of sales of the merchandise consigned by Seller.
Should the merchandise remain unsold at the end of the consignment period and an election
made by the Consignee or Seller to remove said merchandise, any costs incurred by the delivery
of same to Seller shall be borne by Seller and deducted from any proceeds then due the Seller.
Any advertising or other promotional materials provided by the Seller shall be returned in good
condition after all merchandise is sold, or this agreement is terminated, or upon request of Seller.
This agreement may be terminated by either party upon sixty (60) days written notice.
This agreement is made under and shall be construed under the laws of the State of _________.
Consignee's signature_____________________________________
Seller's signature _________________________________________
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