Consignment Contract Template

Disclaimer

The provided document serves as a sample agreement framework intended solely for informational purposes. It does not constitute legal advice and should not replace consultation with a qualified attorney or legal professional experienced in business arrangements, partnerships, or contractual matters. Legal requirements and regulations may differ based on jurisdiction, so modifications might be necessary to ensure compliance. Use of this template is at your own risk, and no liability is assumed for any errors, omissions, or legal consequences resulting from its implementation without prior legal review.

This sample consignment contract is provided for illustrative purposes only and may vary based on specific circumstances and applicable laws. Adjust the details accordingly.

Consignment Contract Sample

Parties Involved:

Consignor: Emily Carter
Address: 789 Oak Street, Chicago, IL 60616

Consignee: Michael Johnson
Address: 456 Pine Avenue, Chicago, IL 60607

Description of Goods:

The consignor agrees to deliver the specified goods, including artwork and decorative items, to the consignee for the purpose of sale on consignment. The details and quantities are outlined in attached schedules.

Consignment Terms:

The consignor consigns the goods to the consignee from __________________ to __________________. The consignee agrees to use commercially reasonable efforts to sell the goods and shall remit proceeds to the consignor, less agreed-upon commissions, within thirty days of sale.

Ownership and Title:

The consignor retains ownership of the goods until sold. Title shall pass to the purchaser upon completion of the sale.

Responsibilities of Parties:

The consignee shall keep the goods in good condition and display them appropriately. The consignor shall provide accurate descriptions and shall be responsible for the authenticity of the goods.

Expenses and Commissions:

The parties agree upon a commission rate of __% of each sale. Expenses related to transportation, insurance, and display shall be borne by ____ (party name).

Governing Law:

This agreement shall be governed by and interpreted in accordance with the laws of the State of Illinois. Any disputes shall be addressed in the courts of Cook County, Illinois.

Additional Provisions:

• All goods shall be insured by the consignor unless otherwise agreed.
• The consignee shall provide periodic inventory reports to the consignor.
• Any modification to this agreement must be in writing and signed by both parties.

Chicago, ______________________