Resale Agreement Format In Massachusetts

State:
Multi-State
Control #:
US-00461
Format:
Word; 
Rich Text
Instant download

Description

The resale agreement format in Massachusetts outlines the relationship between a Consignor, who owns the property, and a Consignee, who sells it on their behalf. This agreement ensures that the Consignor maintains ownership until the property is sold and establishes clear terms about pricing, payment timelines, and the conditions of sale. Key features include the description of the consigned property, terms of exclusivity, and liability clauses concerning lost or damaged items. Filling out the form requires accurate property descriptions and thoughtful determination of sales percentages and payment schedules. Users should note that this document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with property transactions in commercial settings. The form simplifies the consignment process, minimizes disputes, and ensures compliance with Massachusetts law. It allows for flexibility in marketing strategies while protecting the rights of the property owner. Additionally, the form aids in clearly communicating expectations between parties involved in the consignment.
Free preview
  • Preview Consignment Agreement
  • Preview Consignment Agreement
  • Preview Consignment Agreement

Form popularity

FAQ

Who signs the P&S first? The tradition and custom in Eastern Massachusetts is for the Buyer to sign it first. Legally speaking, this may not matter as it is not a valid contract until both parties sign.

The bur- den of proving that a sale of tangible personal property or service by any vendor is not a retail sale is placed upon the vendor unless he/she accepts from the purchaser a certificate declaring that the property or service is purchased for resale.

Massachusetts Go to the Massachusetts Sales Tax Resale Certification page. Under ID Type, choose “Sales Tax Account ID” Next to “Seller Acct ID,” enter your tax Massachusetts sales tax ID. Next to “Buyer Account ID,” enter the buyer's Massachusetts sales tax ID. Click Next to get the results.

Technically, anyone can make up a new deed, but we strongly advise you to hire a lawyer to do it. If you are doing it for the first time it is easy to make a mistake that could jeopardize your ownership of the property. Once the new deed is created, signed and notarized, it should be recorded at the Registry of Deeds.

And now there's a new way you can help support the wives, husbands, children and other loved ones of first responders killed or injured in the line of duty. The 'Protect & Serve' Special License Plate is now available through the state Registry of Motor Vehicles.

To write a simple contract, title it clearly, identify all parties and specify terms (services or payments). Include an offer, acceptance, consideration, and intent. Add a signature and date for enforceability. Written contracts reduce disputes and offer better legal security than verbal ones.

If your business is a retail or wholesale operation that does not want to be responsible for collecting sales tax on resold items and does not want to have any exposure to any future tax liability, then a Massachusetts resale certificate will be required.

Submit application: Complete the application form for a resale certificate provided by your state's taxing authority. This may require details about your business, including its structure, operations, and tax ID number.

Massachusetts Go to MassTaxConnect. Under the “Businesses” heading choose “Verify Resale Certificate Form ST-4” On the next page, choose “Sales Tax Account ID” as the “ID Type” Enter your sales tax ID in the “Seller Acct ID” field. Enter the buyer's account ID in the “Buyer Account ID field” then click Next for results.

Trusted and secure by over 3 million people of the world’s leading companies

Resale Agreement Format In Massachusetts