Standard Consignment Agreement Template

A simple consignment agreement template is a legal document that outlines the terms and conditions between a consignor (the owner of the goods) and a consignee (the party selling the goods on behalf of the consignor). This template is crucial for establishing a clear understanding of the parties’ rights and obligations, ensuring a smooth and successful consignment arrangement.

Key Elements of a Professional Simple Consignment Agreement Template:

Consignor and Consignee Information

Clearly identify both parties, including their full legal names, addresses, and contact information.

Specify the business entities involved, if applicable.

Consigned Goods Description

Provide a detailed description of the goods to be consigned, including:

Quantity

Make or model

Condition

Serial numbers (if applicable)

Attach any relevant documentation or Certificates.

Consignment Period

Define the duration of the consignment agreement, specifying the start and end dates.

Consider including a provision for automatic renewal under certain conditions.

Sales Commission

Outline the commission structure that will apply to sales generated from the consigned goods.

Specify the commission rate and any applicable fees or deductions.

Payment Terms

Establish the payment schedule for sales proceeds.

Determine the frequency of payments (e.g., monthly, weekly).

Clarify the payment method (e.g., check, electronic transfer).

Shipping and Handling

Address the responsibilities for shipping and handling the consigned goods.

Specify who will bear the costs associated with transportation.

Consider insurance requirements to protect the goods during transit.

Insurance

Determine who will be responsible for insuring the consigned goods.

Specify the coverage amount and any deductibles.

Outline the claims process in case of loss or damage.

Return Policy

Establish the terms for returning unsold goods to the consignor.

Specify the timeframe within which returns must be made.

Address any associated costs or fees.

Dispute Resolution

Outline the dispute resolution process in case of disagreements between the parties.

Consider mediation or arbitration as alternative dispute resolution methods.

Termination

Specify the grounds for termination of the agreement.

Outline the procedures for termination and any notice requirements.

Governing Law

Indicate the governing law that will apply to the agreement.

Specify the jurisdiction where any disputes will be resolved.

Entire Agreement

Include a clause stating that the agreement constitutes the entire understanding between the parties and supersedes all prior or contemporaneous communications.

Signatures

Require both parties to sign the agreement to indicate their acceptance of the terms and conditions.

Design Elements for a Professional Simple Consignment Agreement Template:

Use a clear and legible font (e.g., Arial, Times New Roman).

Maintain consistent formatting throughout the document.

Use headings and subheadings to organize the content effectively.

Leave adequate white space to improve readability.

Consider using a professional template or design software to create a polished appearance.

By incorporating these elements into your simple consignment agreement template, you can create a legally sound and professional document that protects the interests of both the consignor and consignee.