Alameda California Consignment Agreement

Name: Alameda California Consignment Agreement
Brand: US Legal Forms
Rating: 4.7 (386 reviews)

Category:

Contracts - Consignment

State:

Multi-State

County:

Alameda

Control #:

US-00461

Format:

Instant download

Description

This form is a Consignment Agreement. The consignor agrees to deliver to the consignee certain property for the purpose of conducting a sale of the property. The form must be signed in the presence of a notary public.

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FAQ

What Percentage Do Consignment Shops Take? Consignment shops typically take a 40% commission, which is considered a 60/40 split. 40/60 or 50/50 split is also appropriate, depending on the products you're selling and the type of consignment shop you're selling through.

Specifically, the contract should include details about payment and what happens if the consignee does not fulfill their duties. The consignment contract should outline all of the parties expectations for their working relationship. It should be created, printed, and signed by both parties before the work begins.

In short, consignment puts more money in your pocket than selling to a dealership, takes less time than selling to a private party, and gives you more control than selling at auction.

The agreement should list each party's name along with their roles and responsibilities in the business transaction. The consignor should describe the goods the consignee will receive, including the quantity and model numbers of the consigned goods and any serial numbers or factory codes.

The Consignee may terminate this Agreement at any time and for any reason by providing days advance written notice and by returning to the Consignor all the unsold merchandise that is the subject of this Agreement.

A consignment agreement is a contract between the consignor and the consignee, and should include these basic provisions:Parties. Provide the names and addresses of the consignor and the consignee.Item(s) for sale.Pricing.Payment.Expenses.Record-keeping.Ownership.Insurance.More items...?

Suppose Frank consigns his antique typewriter to Bob who is willing to sell it in his shop for 15% of whatever it sells for. Frank (the consignor) and Bob (the consignee) haven't exchanged any money. Since there was no transaction, Frank is still the owner of the typewriter.

Disadvantages of Consignment SalesReceives less revenue than selling directly to end-users (the use of a consignee reduces the amount of revenue earned)Risk and ownership are retained and any unsold goods are returned at no cost to the consignee.More items...

A consignment agreement is a legally binding document between a consignee and a consignor for the sale, storage, transfer, resale and use of a commodity. The consignee accepts goods from sellers to sell to potential buyers. The consignee will not receive commissions till the goods are sold.

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Not included in the scope of this Agreement. Is there a specific way I should set my carts out?Drayage forms and fees are required for any deliveries to be received prior to vendor set up day, and shipments to be picked up after last day of show. Consignment Specialist. We are currently seeking consignments for our upcoming auction. The ASU Surplus Store is located at 734 W. Alameda Drive Tempe AZ 85282. You may also find items on our online auction platform, GovDeals. Second Home Consignments has been a Furniture Store in Alameda,CA since 1994. Bay area consignment furniture. NewEnough Kids Resale is located at 1000 Alameda St., Suite 132.

Alameda California Consignment Agreement

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