Consignment Terms
This are examples of the provisions that may be included in the Agreement:
1. Retained Fees:
a) General Merchandise: Sixty percent (60%) of the selling price shall be retained by (Your Shop Name).
b) Furniture (cribs, chairs, etc): Fifty percent (50%) of the selling price shall be retained by (Your Shop Name).
2. Liability: (Your Shop Name) assumes no liability for the loss, damage to or destruction of any item consigned.
3. Imperfect Merchandise: Items in need of repair or cleaning may be donated without notice to the Consignor. Donation receipts available on request only.
4. Pickups: Consignor must give a minimum of two (2) days notice before pickup and will be responsible for pulling all items to be picked up.
5. Pickups: Consignor must pick up all unsold items within three (3) months from the date of consignment or renew for another 90 days. All unsold items not picked up after the end of the contract period will become the property of (Your Shop Name).
6. Renewability: This Consignment Agreement is renewable once only. The maximum consignment length is 180 days.
7. Price Reductions: All items consigned may be subject to a price reduction at the discretion of (Your Shop Name).
8. Consignment payments will be voided 180 days after agreement termination.
9. Consignment Checks: Checks are issued monthly after the 15th for the prior whole month.
10. Record Keeping and Follow-Up Calls: It is the responsibility of the consignor to maintain all records of consigned merchandise and call not less than once a month after the 15th to confirm sales, pickups and contract termination.
11. All transactions and resolutions to disputes will take place in (city, state).