A consignment is an agreement made when goods are delivered to an agent or customer when an actual purchase has not been made, obliging the consignee to pay the consignor for the goods when sold. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Tennessee Consignment Agreement Regarding Retail Sales through Internet Website is a legally binding contract that outlines the terms and conditions between a consignor (individual or business) and a consignee (typically an online retailer) for the sale of goods through an internet website. This agreement sets forth the rights, responsibilities, and obligations of both parties involved in the consignment transaction. The Tennessee Consignment Agreement Regarding Retail Sales through an Internet Website typically includes the following key provisions: 1. Parties involved: The agreement identifies the legal names and contact details of the consignor and the consignee. It is essential to mention the location of each party, as this agreement falls under Tennessee jurisdiction. 2. Description of goods: The agreement includes a detailed description of the goods being consigned along with their quantity and any specific identifying marks or characteristics. This prevents any misunderstandings regarding the items to be sold. 3. Consignment terms: This section explains the duration of the consignment period, which can vary according to the nature of the goods. It may also specify the date by which the consignor must deliver the goods to the consignee. 4. Pricing and commissions: The agreement outlines how the consignee determines the retail price of the goods and the percentage of the sales commission that will be paid to the consignor. It may also include provisions for periodic price adjustments and promotions. 5. Shipping and insurance: This section addresses who are responsible for the cost of shipping the goods to the consignee and provides instructions on packaging and delivery. It may also mention whether the consignee or the consignor is responsible for insuring the goods against loss or damage during transit. 6. Inventory management and reporting: The agreement may require the consignee to keep accurate records of the inventory, including sales, returns, and any damages. The consignor may request regular reports on the status of the inventory. 7. Payment terms: This section explains how and when the consignee will remit payment to the consignor for the sold goods. It may include details like payment frequency, methods of payment, and any applicable deductions or fees. 8. Promotion and marketing: The agreement may state how the consignor and consignee will cooperate to promote the consigned goods and set guidelines on the usage of trademarks, logos, and intellectual property. Types of Tennessee Consignment Agreement Regarding Retail Sales through an Internet Website: 1. General Consignment Agreement: A standard agreement that covers various types of goods and applies to consignments made through an internet website. 2. Art Consignment Agreement: A specialized agreement tailored specifically for consigning artwork through an online platform. 3. Fashion Consignment Agreement: A specific agreement designed for consigning fashion items like clothing, accessories, or jewelry through an internet website. 4. Antique Consignment Agreement: This type of agreement is tailored for consigning antique goods through an online platform. It may include specific provisions related to authenticating and valuing antique items. It is important to consult legal professionals or attorneys specialized in Tennessee state laws while drafting or entering into a Tennessee Consignment Agreement Regarding Retail Sales through an Internet Website to ensure compliance and proper protection of rights for both parties involved in the consignment transaction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
