Consignment Sale Agreement

 

 

CONSIGNMENT SALE AGREEMENT

 

 

This agreement is made by and between ____________________________________ (the

“Consignor”) and ________________________________________________ (the “Consignee”).

 

1. The Consignor and Consignee acknowledge and agree that the Consignor has provided the

goods described below to Consignee for sale on a consignment basis, for the prices indicated, under the terms and conditions of this agreement:

 

 

 

 

2. The Consignee agrees to use its best efforts to sell the goods, for cash, for the benefit of the

Consignor and to account to the Consignor for such sales within ____________________, delivering

the sale proceeds to the Consignor, less commission, at the time of the accounting.

3. The Consignee agrees to accept as its commission, in full payment for its performance under this

agreement, an amount equal to ________% of the gross sales price of the goods exclusive of any sales taxes.

4. Any goods the Consignee is unable to sell may be returned to the Consignor at the expense

of the Consignee. The Consignor may reclaim unsold goods at any time.

5. At the request of the Consignor, the Consignee agrees to execute financing statements perfecting

the Consignor’s claim of ownership of the goods.

6. This agreement shall be governed by the laws of _____________________________________.

7. If any part of this agreement is adjudged invalid, illegal, or unenforceable, the remaining

parts shall not be affected and shall remain in full force and effect.

8. This agreement shall be binding upon the parties, and upon their heirs, executors, personal

representatives, administrators, and assigns. No person shall have a right or cause of action arising out

of or resulting from this agreement except those who are parties to it and their successors in interest.

9. This instrument, including any attached exhibits and addenda, constitutes the entire agreement

of the parties. No representations or promises have been made except those that are set out in

this agreement. This agreement may not be modified except in writing signed by all the parties.

IN WITNESS WHEREOF the parties have signed this agreement under seal on

______________________________.

 

Consignor:

 

____________________________

 

Consignee:

 

____________________________

 

 

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