Use This Form If:

• Individuals who wish to sell their handmade crafts or products can utilize this Consignment Agreement to formalize their arrangement with a local store that will display and sell their goods. This ensures that both parties understand their rights and responsibilities regarding product ownership and payment.
• Situations requiring a clear understanding of payment terms and product ownership arise frequently in retail. This agreement helps both the Consignor and Consignee to outline how sales will be processed and how profits will be shared, thereby reducing the risk of misunderstandings.
• For those entering into a consignment arrangement for the first time, having a written agreement is crucial. It provides a structured framework that can help prevent disputes and ensures that both parties are on the same page regarding the terms of the consignment.
• Businesses looking to expand their product offerings through consignment can benefit from this agreement. It allows them to sell products without the upfront costs of purchasing inventory, while also protecting their interests through clearly defined terms.
• In cases where a Consignor needs to reclaim unsold goods, this agreement specifies the process for doing so. This is particularly important in maintaining control over inventory and ensuring that both parties adhere to the agreed-upon terms.