Consignment Contract Sample With Cost In King

• Category: Contracts - Consignment
• State: Multi-State
• County: King
• Control #: US-00461
• Format: Word; Rich Text

Description

The Consignment Agreement is a legal document establishing the terms between a Consignor and a Consignee regarding the sale of certain consigned property. It delineates the ownership of the property, ensuring that the Consignor retains title until sale. The contract allows the Consignee the option of exclusive or non-exclusive marketing rights, with payment structures outlined for both parties. The agreement specifies how pricing will be managed, with the Consignor setting the offering price and the Consignee required to relay any lower purchase offers. Additionally, the agreement addresses payments to the Consignor after full payment is received from the buyer and provides clarity on the reporting of sales. Terms for termination of the agreement by either party, liability for lost property, and advertising permissions are also included. This contract is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in trade or retail settings, as it provides a framework for legally binding arrangements ensuring both parties are protected and informed of their rights and responsibilities.