Selling goods on consignment gives independent suppliers (such as artisans, crafters, and collectors) a chance to sell their products without the major expenses of opening a retail location, or the heavy workload of running a mail order business.
You (as supplier of the goods) pay the dealer (as seller of the goods) a percentage of each consignment sale.
The supplier retains ownership of the consignment goods until they are sold or until the dealer pays the supplier for the goods and takes over ownership of them.
The dealer is authorized to sell the goods under the supplier's standard conditions of sale, including any applicable warranties.
The dealer is responsible for proper storage of all consignment goods in its possession and for keeping the goods insured in the name of the consignor.
This is a generic legal form which does not contain references to specific laws of any country or region. It is fully customizable to fit your needs.
If you sell goods on consignment, you need to have a Consignment Sale Agreement with the persons or businesses that are selling your products for you. Buy and download the form, fill in the information, and sign.