Sunday, November 26, 2006

Consignment Agreements

These are typical terms included in a Consignment Agreement. This agreement (and a second agreement for repeat consignors) are included in Best Consignment Shop Software software and auto-completes consignor and shop information when the option to print an Agreement is selected.

Your Consignment Shop
Your Contact Information


Original Consignment Agreement

1. Retained Fees:

a) General Merchandise: Sixty percent (60%) of the selling price shall be retained by (Your Shop Name).
b) Furniture (cribs, chairs, etc): Fifty percent (50%) of the selling price shall be retained by (Your Shop Name).

2. Liability: (Your Shop Name) assumes no liability for the loss, damage to or destruction of any item consigned.

3. Imperfect Merchandise: Items in need of repair or cleaning may be donated without notice to the Consignor. Donation receipts available on request only.

4. Pickups: Consignor must give a minimum of two (2) days notice before pickup and will be responsible for pulling all items to be picked up.

5. Pickups: Consignor must pick up all unsold items within three (3) months from the date of consignment or renew for another 90 days. All unsold items not picked up after the end of the contract period will become the property of (Your Shop Name).

6. Renewability: This Consignment Agreement is renewable once only. The maximum consignment length is 180 days.

7. Price Reductions: All items consigned may be subject to a price reduction at the discretion of (Your Shop Name).

8. Consignment payments will be voided 180 days after agreement termination.

9. Consignment Checks: Checks are issued monthly after the 15th for the prior whole month.

10. Record Keeping and Follow-Up Calls: It is the responsibility of the consignor to maintain all records of consigned merchandise and call not less than once a month after the 15th to confirm sales, pickups and contract termination.

11. All transactions and resolutions to disputes will take place in (city, state).

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The Addendum Agreement (for repeat consignors) contains this information:

Phone numbers __________________ ___________________

You have consigned _______ items on ___________________

Your items must be picked up by _______________________________________________

[ ] New address ____________________________________________________

[ ] Same address ___________________________________________________

Re-consignments are subject to the original Consignment Agreement.

Signature ________________________ Date ___________

Please keep this receipt and refer to the above Account Number when making inquiries.

Thank you for consigning with (Your Shop Name)!

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