Consignment Agreement In English In Massachusetts

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

Description

The Consignment Agreement in English in Massachusetts is a legal document outlining the terms and responsibilities between a Consignor, who owns the property, and a Consignee, who agrees to sell the property on behalf of the Consignor. Key features include a warranty of ownership by the Consignor, the detailed description of the property, pricing and payment terms, and conditions for termination of the agreement. The form allows for either exclusivity or non-exclusivity in sales rights, and outlines the percentage of the sale price to be paid to the Consignor. It includes liability clauses in case the consigned property is lost or damaged, and stipulates advertising rights regarding the use of the Consignor's name. The agreement is not assignable and can only be modified through a written agreement signed by both parties. This form is particularly useful for attorneys, partners, and other legal professionals as it provides a clear framework for managing consignment arrangements, ensuring compliance with state laws and protecting the interests of both parties involved. Paralegals and legal assistants can utilize this form to assist clients in drafting or reviewing consignment agreements under Massachusetts law.