Consignment Agreement

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Consignment Agreement
Effective Date
____/____/______
Between
[Shop / Owner], further referred to as “[Seller]”,
A
[State] [Type of legal entity],
Located at
[Address]
[City], [State] [Zip Code]
And
[Business / Individual], further referred to as “[Consignee]”
A
[State] [Type of legal entity],
Located at
[Address]
[City], [State] [Zip Code]
Both parties agree to the following terms:
The Seller agrees to place on display the mutually agreed upon item or items in a prominent
area that is of his / her place of business.
The Seller is entitled to retain _____% of the purchase price of each sale for such display.
The Seller shall submit a check for the full amount of the purchase price, less the previously
mentioned agreed upon % to the Consignee within ____ business days of receipt of the sale.
The Seller agrees to obtain the price set by the consignee for each item sold, and will accept
nothing less than the purchase price for the consigned merchandise unless otherwise agreed
upon in writing, and signed off by both parties.
The Seller has proven to the Consignee that he / she maintains insurance for any damage or
theft that may occur to items left with the Seller. While the consigned items are in the
possession of the Seller those items will be covered under the Seller’s insurance policy.
The Consignee agrees to leave merchandise with the Seller for a minimum of ____ Days.
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