What is a Consignment Agreement and How do I use it?

A Consignment Agreement can be used to document selling goods. Putting items up for sale can take a lot of time and effort on your part and sometimes it’s easier to have someone else sell the items for you on consignment. But before you hand over your goods, you can create a written document of the agreement with this useful form. It allows you to lay out all the terms and conditions in a clear, concise manner and protect both parties, including:

• Cash terms and distribution of proceeds
• Commission percentage
• Display and maintenance of articles
• Periodic examination and inspection of goods
• Receipt of goods
• Required financial statements
• and more

A Consignment Agreement gives you the confidence to sell items on consignment, knowing that you’re protected and the consignee understands all the responsibilities and obligations involved.

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