Consignment Agreement Template
A consignment agreement is written when anyone is looking to sell something on someone else’s behalf. That means that total three parties are involved in this process, the original seller, the one selling on behalf of seller and the buyer. A consignment agreement template is that format and design wherein the seller (the consignor) gives permission to some other party (the consignee) the right of selling certain goods or merchandise that is in ownership of the consignor. A consignment agreement is said to be a very useful method to specify that how the sale of merchandise will be working. A consignment agreement document is used if you are involved in the business of selling goods or item for other or if you want someone else to sell your goods or items on your behalf.
How to write a Consignment Agreement
A consignment agreement template outlines all the details like commission rate, deadline for selling goods or items and the consequences in case the goods or items are not sold. Generally the consignee receives the prices of the goods sold, keeps some percentage of the sale price as commission and pays the remaining amount to the consignor. A consignment agreement is a flexible and simple document that really provides variety and options in different paragraphs. If you are involved in any unusual situation then it is recommended to consult with your attorney for discussing different legal actions or procedures. A consignment agreement is also known by other names like consignment contract, consignment sales agreement and consignment inventory agreement.
Create your own Consignment Agreement by using the following template,
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