Consignment Agreement Form Template

Are you in need of a reliable consignment agreement template to formalize your consignment arrangement? Look no further! At BizzLibrary.com, we have a comprehensive consignment agreement template that will help you establish clear guidelines and protect your interests. Download our Consignment Agreement Template in DOCX format today and ensure a successful consignment partnership!

What is a Consignment Agreement?

A consignment agreement is a legal contract between a consignor (the owner of the goods) and a consignee (the party that will sell or promote the goods). This agreement outlines the terms and conditions of the consignment arrangement, ensuring that both parties understand their rights and obligations.

Key Elements of a Consignment Agreement

A well-drafted consignment agreement includes the following key elements:

1. Identification of Parties: The agreement starts by clearly identifying the consignor and the consignee, including their legal names and contact information.
2. Description of Goods: It provides a detailed description of the goods being consigned, including their quantity, condition, and any unique identifiers such as serial numbers or SKU numbers.
3. Transfer of Ownership: The agreement specifies that the ownership of the goods remains with the consignor until they are sold by the consignee.
4. Terms of Sale: It outlines the pricing and payment terms, including how the consignee will be compensated for sold goods and any associated fees or commissions.
5. Insurance: The consignment agreement may include provisions regarding insurance coverage for the consigned goods, ensuring they are adequately protected against damage or loss.
6. Return of Unsold Goods: The agreement addresses what happens to the unsold goods after a specific period, including the consignee's responsibility for returning the goods to the consignor.
7. Termination of Agreement: It establishes the conditions under which the consignment agreement can be terminated, such as breach of terms, expiration of the agreement, or mutual agreement of both parties.

Download Our Consignment Agreement Template

Protect your interests and establish a clear consignment partnership with our comprehensive Consignment Agreement Template. It's a valuable resource for consignors and consignees alike, ensuring that both parties are on the same page regarding their rights and obligations. Don't delay, download our Consignment Agreement Template in DOCX format from BizzLibrary.com today!