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We provide a well-crafted Sale on Consignment Acknowledgement template that suits your needs! A consignment inventory agreement is a contract between the business owner and the vendor that sets terms of their relationship.A Consignment Agreement is a document between two parties, the "Consignor" and the "Consignee" for the sale of goods on consignment. Edit, sign, and share acknowledgement letter online. It should say that the consignor officially authorizes the consignee to display and sell items in their retail store. Pricing. In the former, the one who sells the goods is referred to as the seller and the one buying it is the buyer or customer. 01. Create Document. Fill in the details of the parties. A consignment contract is an agreement made between a consignee and consignor. Title transferred prior to completion of sale.