Get Horse Consignment Contract

Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Consignment arrangements typically are in effect for a set period of time. After this time, if a sale is not made, the goods are returned to their owner.

The contract should include the information for both parties, including contact information. Specific information about the goods should also be included, such as where the commodities will be stored, the sales price, what to do with the unsold goods, and what the consignee's fee is for each item.

CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”). Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Fee.

A consignment agreement is a contract that places an item the consignor (or owner) owns with the consignee (or seller) for the consignee to sell. The consignee often takes a commission or fee and then the remainder of the sale price is paid to the consignor.

How it works: When you decide to consign a horse, you are hiring a trainer, or a sales barn, to market and sell your horse. An owner and trainer will usually sign a legally-binding contract which should outline what that team or person is actively doing for your horse during the sale period.

Each consignment shop ultimately creates their own consignment arrangement, but the typical split between the business and the individual seller ranges from 50/50 to 40/60 or 60/40. Who gets the bulk of the proceeds often depends on how established and successful the store is.