Consignment Agreement Form (Page 2 of 4) in pdf

conditioned on our approval and receipt by the purchaser from us of

a sales confirmation. You shall undertake sales on credit only to

customers you judge to be good credit risks.

7. Compensation. You shall be allowed as compensation the

amount of the difference between our consignment invoice price to

you and the price for which you sell the goods to customers.

8. Return of Goods. At all times, consigned goods shall be

subject to our direction and control. Upon our demand for the

return of any unsold Goods consigned to you, you shall promptly

return such Goods to us. In the event you find any consigned Goods

to be unsalable, you may return them to us with our prior consent

in writing. We shall bear the expense of the return of any

consigned goods.

9. Records. You shall keep accurate records showing: all

goods received from us on consignment with the consignment invoice

price, all sales to customers with the names of the customers,

quantities purchased, and the terms of sale, all consigned goods

remaining on had with you, all goods returned by or repossessed

from customers together with credits allowed, and all goods

returned to us and credits allowed. You shall allow our

representatives to have access to such records on demand and shall

permit them at reasonable times to inventory the consigned goods in

your possession.

10. Accounting and Remittance. You shall render to us not

later than the ______________(___) day of each month an accurate,

detailed account of all sales of goods made from the consigned

stock the previous month, together with returns and repossessions,

if any. Simultaneously with such accounting, you shall remit to us

a sum equal to the consignment invoice price of all goods sold.

11. Insurance. You shall keep the goods insured at the full

wholesale list price against damage, destruction, and loss of every

kind while the goods are in your possession and shall cause us to

be the beneficiaries of such insurance together with you. You

shall deposit copies of the current insurance policies with us.

12. Term. This Agreement shall continue in force until

terminated. Either party may terminate this Agreement at any time

by giving the other party ______________(____) days' notice in

writing in advance of the termination date. Upon the giving

of a notice of termination, you shall return to us within the

_____________(____) day period all consigned goods remaining unsold

Consignment Agreement Form Page 2