What is the purpose of a consignment agreement?

A consignment agreement allows someone else to sell something you own, on your behalf. Even after the consignor's fee or commission, selling this way may result in your receiving a better price.

Wake North Carolina Consignment Agreement

Name: Wake North Carolina Consignment Agreement
Brand: US Legal Forms
Rating: 4.7 (386 reviews)

Category:

Contracts - Consignment

State:

Multi-State

County:

Wake

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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How to fill out Wake North Carolina Consignment Agreement?

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FAQ

A consignment agreement allows someone else to sell something you own, on your behalf. Even after the consignor's fee or commission, selling this way may result in your receiving a better price.

A consignment agreement is a contract between the consignor and the consignee and should include the following basic provisions:Parties. Identify the consignor and consignee with their names and addresses.Item(s) for Sale.Pricing.Payment.Expenses.Record-Keeping.Ownership.Insurance.More items...

It is an agreement where one party (the consignor) supplies goods to another party (the consignee) for the purpose of selling those goods. The consignor retains ownership of the goods until they are sold, despite the consignee possessing the goods.

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.

Consignment is an arrangement in which goods are left with a third party to sell. The party that sells the goods on consignment receives a portion of the profits, either as a flat rate fee or commission. Selling via a consignment arrangement can be a low-commission, low-time-investment way of selling items or services.

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.

A consignment agreement permits someone to sell goods on your behalf in exchange for a fixed fee or commission. This involves you (the consignor), transferring goods to the consignee, who will be your agent by selling the goods.

More info

Door to Door Delivery anywhere anytime. Numbs the tongue," he said as laughter filled the room.In a consignment agreement, there are two parties; the consignor and the consignee. You must answer all questions and agree to group rules for the admins to accept your join request. Questions? Get the latest local business news delivered FREE to your inbox weekly. £12. United States. Congress. House. Select Committee on Small Business.

Wake North Carolina Consignment Agreement

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