Consignment agreement

CONSIGNMENT AGREEMENT

 made on of ___ ( Date) between CONSIGNOR—— and CONSIGNEE ___ Whereas The Consignor wishes to sell certain products (“Products”) on consignment and Consignee wishes to sell Products on behalf of the Consignor. Therefore in consideration of two parties regarding mutual cooperation, the necessary consents were applied in this agreement, as: OWNERSHIP OF PRODUCTS: 1) From the moment the Products are received by the Consignee, the possession of it became the sole responsibility of the Consignee

the Products

the Products do not have Expiration period and shell remain in the possession of Consignee till the end of this agreement. The exception is when Consignee wants to return the Products to the Consignor by Consignee’s will and decision, as well as in case if the condition of Products changed ( according to General Rules) . In this case Consignor is obliged to receive it within 30 calendar days after the written notice( email) , after that period not collected Products will be donated.

Consignor

Consignor does not have the right to demand presentation of the availability of his Products in the store, (according to General Rules) .

The Products
(2)

the Products cannot be partially withdrawn by the Consignor on immediate affect , without Consignee’s approval, and have to be remain in the store until they are sold, ( according General Rules) .

Receiving the products

Receiving of the Products in full quantity can be possible only in case of closing account

PRICING of PRODUCTS

 evaluation of Products and Price making is an Absolute Privilege of Consignee and can’t be disputed by the Consignor. The Exception is when the Consignor put the price in consideration as RECOMMENDED OR THE PRODUCT WILL BE WITHDRAWN. In this case, Consignee only evaluates , but not display the Product until final decision will be made, accept or not accept it with recommended price. 2) Discounting and Sale politics: as any retail shop a Consignee applying discounts and make sales on consigned Products . This is exclusive right of Consignee, without interference of Consignor or prior notices. 3) Consignor should not have specific expectations of profit or independent assessment of the value of Product before Consignee evaluates it and set Suitable re-selling price, based on market in thrift business and its expertise.

CONDITION OF GOODS

1) Consignor is obliged to provide Products being perfectly clean and ironed, without stains, lost buttons, broken zippers or any other visible defects. Neglecting this rule will lead Consignee to decision to donate the Product , or to deduct money from Consignee for dry clean. And repeating of this behavior can lead to termination of the Agreement. 2) the Consignee undertakes to monitor the condition of the Products in the most careful manner during the time of its possession. . But if it turns out that the Product is damaged for any reason beyond it’s control, ( according to General Rules) , the Consignor is obliged to accept the damaged Product back or donate it to charity, without any financial compensation.

PAYMENT FOR PRODUCTS

1) In the event of sold item , Consignor receives 50 % from the last sale price and Consignee receives 50 % commission from last sale price. 2) from Consignor’s 50 % of profit there is deduction of __% which goes to Donation Purposes to the selected Charity organization : ______, which Consignee has honor to send behalf Consignor and provide statement of proof. 3) Consignee carry responsibility to pay all Governmental taxes and fees, related to this subject and to its activity; 4) Payouts for sold Products can be requested by the Consignor anytime, but not more often than once a month ; 5) payments can be made both in cash and non-cash ; 6) Consignee is obliged to provide inventory report of sold Products for which payment is made together with official Donation financial statement.