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This Consignment Agreement is suitable for Consigning arrangement for the Consignee to market, display and sell Goods on behalf of Consignor in consideration of the Consignment Fee. This agreement is drafted in favour of the Consignee.
The Consignor wishes to utilise the Consignee's outlet(s) to market, display and sell Goods. Therefore, through this agreement, the Consignee shall sell Goods on behalf of the Consignor in return for the Consignment Fee for the Consignment Period in a specific Territory.
The terms in the agreement state that the consignee can also market and sell various other Goods, but these do not directly compete with the Consignor's Goods. So, the Consignor has no issue with the Consignee marketing, displaying and selling these other goods.
All sales of the Goods in the Territory shall be made on such terms and conditions as the Consignor in its absolute discretion may from time to time determine.
The Consignee shall bring to the notice of all customers and prospective customers for the Goods in the Territory those terms and conditions.
The Consignee shall not make or give any promises, warranties, guarantees or representations concerning --the Goods other than those contained in those terms and conditions.
The Consignee agrees to offer the Goods for sale and collect payment in exchange for the Goods on behalf of the Consignor on a best efforts basis.
The Consignee agrees to collect, retain and share contact details of parties interested in the Goods.
Goods can only be released by Consignee upon receipt of payment in full in cleared funds. For the avoidance of doubt, credit card sales are not permitted. Consignee shall bear all credit risks in relation to the sales.
The Consignee agrees to accept details of specific items for order. Consignor will endeavour to source items.
This document should be carefully read by the Consignee and Consignor.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid future disputes, both parties may wish to have their signature witnessed.
The Consignment fee, authorised territory and rights and liabilities should all be clearly stated in the Consignment Agreement.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.