Consignment Agreement Meaning

A consignment contract is an agreement between a consignee and a sender for the storage, transfer, sale or resale and use of the goods. The consignee may take goods from the consignment warehouse for use or resale, subject to payment to the sender who accepts the conditions agreed in the consignment contract. Unsold merchandise is usually returned by the recipient to the sender. A confirmation contract sets the commission rate, the sales deadline and the consequences in case of sale. You can add a number of optional paragraphs in a consignment contract to meet your needs. If there are any unusual circumstances in your case, consult a lawyer. The original terms, which are used but not defined in this amendment, have the meaning given to those terms in the registration treaty. A shipment is an agreement resulting from a contract in which one person, shipper, ships goods or entrusts goods to another, the consignee. . . .