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Get Microsoft Word Consignment Agreement Template
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How to fill out the Microsoft Word Consignment Agreement Template online
This guide provides clear and supportive instructions for using the Microsoft Word Consignment Agreement Template online. Whether you are a seller or a consignee, following these steps will help you complete the agreement accurately.
Follow the steps to fill out the consignment agreement form with ease.
- Click the ‘Get Form’ button to acquire the consignment agreement template and open it in your preferred online editor.
- Begin filling in the consigner/seller's information. Input the full name, email address, physical address, and phone number in the designated fields.
- Provide details regarding the lien holder and the payoff amount for the lien in the respective fields. This information is essential for clarity about any financial obligations on the trailer.
- Enter the trailer details, including the make, series, model, year, and type. Select the correct type by circling one from the provided options: TT, FW, RV, pop-up, or other.
- Review the agreement’s terms outlined in the sections regarding the consignment period, fees, and responsibilities. Ensure you understand that the consigner can retrieve their trailer within the 90 days after paying a minimum fee.
- Fill in the commission agreement section, noting the percentage to be paid on the sale. Specify the minimum commission value, if any, agreed upon with the consignee.
- Understand the liability terms by reading how the consigner is agreeing not to hold the consignee responsible for theft or damage to the consigned property.
- Ensure to provide the original title of the trailer as soon as possible, which is a requirement outlined in the agreement.
- Finally, sign the document in the signature sections for both the consigner and the consignee, including the date when the agreement is completed.
- Once all fields are filled out correctly and confirmed, save your changes. You may choose to download, print, or share the completed agreement as needed.
Start filling out your consignment agreement online today to streamline your sale process.
So what is a fair consignment percentage split in today's market? Most trade analysts agree that a 60:40 split in favour of the consignor is fair. This means that the owner or maker receives 60% of each item's selling price, while the consignment shop gets 40%.
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