Company Letterhead
{{company_name}}
{{company_address}}
Phone: {{phone}}
Email: {{email}}
Website: {{website}}
CONSIGNMENT AGREEMENT
This Consignment Agreement (hereinafter referred to as the 'Agreement') is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:
**{{consignor_company_name}}** (hereinafter referred to as the 'Consignor'), a company duly incorporated under the laws of {{consignor_country}}, with its principal place of business located at {{consignor_address}}.
AND
**{{consignee_company_name}}** (hereinafter referred to as the 'Consignee'), a company duly incorporated under the laws of {{consignee_country}}, with its principal place of business located at {{consignee_address}}.
The Consignor and Consignee shall collectively be referred to as 'the Parties' and individually as a 'Party'.
1. APPOINTMENT AND ACCEPTANCE
1.1. The Consignor hereby appoints the Consignee as its exclusive/non-exclusive agent for the sale of the Consigned Goods (as defined below) within the designated sales territory/platform of {{sales_territory_platform}}.
1.2. The Consignee hereby accepts such appointment and agrees to diligently market and sell the Consigned Goods in accordance with the terms and conditions set forth in this Agreement.
2. CONSIGNED GOODS
2.1. The Consignor shall deliver to the Consignee, on a consignment basis, the goods described in Schedule A (hereinafter referred to as the 'Consigned Goods'). Schedule A shall include, but not be limited to, descriptions, quantities, and agreed-upon consignment values of each item.
2.2. The Consigned Goods shall at all times remain the property of the Consignor until such goods are sold and full payment is received by the Consignor. The Consignee shall hold the Consigned Goods in trust for the Consignor.
2.3. The Consignee shall be responsible for insuring the Consigned Goods against loss, theft, or damage while in its possession, for a value not less than {{insurance_value_percentage}}% of the total consignment value of the goods.
3. TERMS OF SALE
3.1. The Consignee shall sell the Consigned Goods at a price not less than the Minimum Sale Price stipulated in Schedule A, unless otherwise agreed upon in writing by the Consignor.
3.2. The Consignee shall be responsible for all costs associated with the sale of the Consigned Goods, including but not limited to marketing, advertising, and sales commissions, except as expressly provided otherwise in this Agreement.
3.3. The Consignee shall provide the Consignor with a detailed sales report on a {{reporting_frequency}} basis, detailing all sales made, inventory levels, and any returns or damaged goods.
4. PAYMENT TERMS
4.1. Upon the sale of any Consigned Goods, the Consignee shall remit to the Consignor {{consignor_percentage}}% of the net sale price (the 'Consignor's Share') within {{payment_days}} days of the sale.
4.2. The 'net sale price' shall mean the actual selling price of the Consigned Goods less any applicable sales taxes and agreed-upon deductions (e.g., credit card processing fees, if any), but excluding the Consignee's commission.
4.3. All payments shall be made in {{currency}} to the Consignor's designated bank account: {{bank_name}}, Account No: {{account_number}}, Sort Code/SWIFT: {{sort_code_swift}}.
5. TERM AND TERMINATION
5.1. This Agreement shall commence on the Effective Date and continue for a period of {{agreement_term_months}} months, unless terminated earlier in accordance with the provisions of this Agreement.
5.2. Either Party may terminate this Agreement by providing {{notice_period_days}} days written notice to the other Party.
5.3. Upon termination of this Agreement, the Consignee shall return all unsold Consigned Goods to the Consignor within {{return_days}} days, at the Consignee's expense. Any outstanding payments due to the Consignor shall be remitted within {{final_payment_days}} days of termination.
6. LIMITATION OF LIABILITY
6.1. Neither Party shall be liable to the other for any indirect, incidental, punitive, or consequential damages arising out of or in connection with this Agreement, even if advised of the possibility of such damages.
6.2. The total liability of the Consignee to the Consignor under this Agreement for any cause whatsoever shall not exceed the total value of the Consigned Goods at the time of the event giving rise to the claim.
7. GOVERNING LAW AND DISPUTE RESOLUTION
7.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_country}}.
7.2. Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach, termination or invalidity thereof, shall be settled by amicable negotiation between the Parties.
7.3. If the dispute cannot be resolved through amicable negotiation within {{negotiation_days}} days, the Parties agree to submit the dispute to mediation in {{mediation_city}}, {{mediation_country}} in accordance with the rules of the {{mediation_institution}}.
7.4. If mediation is unsuccessful, the Parties agree to submit to the exclusive jurisdiction of the courts of {{arbitration_city}}, {{arbitration_country}}.
8. ENTIRE AGREEMENT
8.1. This Agreement, including Schedule A, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.
8.2. No amendment, modification or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.
Signature Block
IN WITNESS WHEREOF, the Parties hereto have executed this Consignment Agreement as of the date first written above.
**FOR THE CONSIGNOR:**
_____________________________
Name: {{consignor_signatory_name}}
Title: {{consignor_signatory_title}}
Date: {{consignor_signature_date}}
**FOR THE CONSIGNEE:**
_____________________________
Name: {{consignee_signatory_name}}
Title: {{consignee_signatory_title}}
Date: {{consignee_signature_date}}
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