Goods Consignment Agreement (Page 3 of 3) in pdf

Goods Consignment Agreement Page 3

13. Insurance. Consignee shall keep the goods insured at the full wholesale list price

against damage, destruction, and loss of every kind while the goods are in

Consignee’s possession. Consignee shall cause Company to be a beneficiary of such

insurance together with Consignee, as each party’s interests appear. Consignee shall

provide Company with a copy of the current insurance policies, on request.

14. Term. This Agreement shall continue in force until terminated. Either party may

terminate this Agreement at any time by giving the other party [number] days’ notice

in writing in advance of the termination date. Once Consignee gives a notice of

termination, Consignee shall return to Company within the [number]-day period all

consigned goods remaining unsold and shall account for and remit all compensation

due and remaining unpaid.

15. Controlling Law. The validity, interpretation, and performance of this Agreement

shall be controlled by and construed under the laws of the State of Michigan.

This Agreement was executed at ____________, Michigan, on the date listed on the first

page.

[Name of corporation]

A Michigan corporation

By: /s/______________________

[Typed name of authorized signer]

Its: [Title of authorized signer]

CONSIGNEE

/s/______________________

[Typed name of consignee]

Goods Consignment Agreement Page 3