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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-01
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CONSIGNMENT SALES AGREEMENT
________________, referred to as SELLER, and _______________,
referred to as CONSIGNMENT MERCHANT, agree:
________________ consigns to _______________ the following goods:
_______________________________________________________________
The title to the same shall remain at all times until a bona-fide
sale in the owner of the consigned goods. OWNER may recall and
take possession of the consigned property at any time.
CONSIGNMENT MERCHANT shall sell the goods consigned to it by
SELLER at a price not below the following minimums, all sales
being for cash or cash equivalents:
$________(_____________&___/100 Dollars)
As compensation for sales made, CONSIGNMENT MERCHANT shall
receive a commission of ____% per sale.
CONSIGNMENT SELLER shall provide an accounting, under oath, or
otherwise verified, every _______ to OWNER, each accounting being
accompanied by payment in full for all sums due. Should any sums
not be paid when due, then OWNER shall have the right, but not
obligation, to repossess all merchandise of OWNER's in CONSIGNMENT
SELLERS possession. All sums due, but unpaid, shall bear interest
at the highest legal rate applicable.
CONSIGNMENT SELLER shall permit an audit by representatives of
________________ of all of its books and records, together with a
physical inspection of the premises and inventory of goods at such
times as OWNER may desire.
CONSIGNMENT seller herewith grants a lien to OWNER in the proceeds
of the sales of OWNER's goods.
This agreement is for "sale or return." CONSIGNMENT SELLER shall
have ________ from the date of delivery of the consigned goods to
either sell or pay for the goods, or return the same. Should
CONSIGNMENT SELLER fail to pay or return the same within such
time period, then the goods shall be deemed to be purchased by
CONSIGNMENT SELLER, and shall be paid for within ___ days, net.
Freight for return shall be paid by the CONSIGNMENT SELLER. OWNER
shall have the right to designate the carriers. The same shall be
shipped insured for the value of the goods.
Dated:
FOR ___________________:
_______________________________________________
FOR ___________________:
_______________________________________________