Sample Consignment Contract

My New Business

SAMPLE CONSIGNMENT CONTRACT

I understand that My New Business (MNB) will try to sell the items to which I personally own and am legally entitled to sell and those not in dispute with another party. The items delivered to MNB will be set at a price to be determined by MNB. MNB will pay consignors an amount equal to ___% of the selling price of any item sold if such payment is requested within 12 months from this date. I understand that money not claimed within a year may be forfeited.

I understand that MNB is not responsible for loss by fire, theft or damage and that MNB will donate or dispose if necessary, items left for a period exceeding ___ days. All clothes must be on hangers. MNB reserves the right to refuse items that are damaged and/or may not sell within a reasonable time. MNB will gladly donate anything for you that will not sell in our stores. 

Items taken in but later found to be unsellable will be donated on the consignors behalf unless I inform MNB otherwise, in writing, at the time of consignment. Liability for contaminated or items infested by pests will not be transferred to MNB upon receipt.

Unfortunately, due to the volume of items consigned, any price agreement or refusal to donate that is not in writing will revert to the standard pricing and donation policy agreed to above in this contract. I understand that it may take up to 30 days before money from items sold show in a consignor's account.

I agree that my account may be debited for any service fees (delivery/pick up charges, returned check charges etc.) due to MNB or it's subsidiaries. Fees for take-ins are $2 for every 15 items and will be charged on receipt of items. MNB also collects item fees on every sale. These item fees are paid by customers and not charged to consignors, nor shared with consignors.

SIGNATURE_________________________ STAFF MEMBER _________________________

DATE____________________

ACCT NUMBER_________________

FIRST NAME____________________LAST NAME_____________________

BUSINESS________________________________________________________

OTHER NAMES ON THIS ACCT__________________________________

MAILING ADDRESS______________________________________________

CITY, STATE, ZIP CODE___________________________________________

CONTACT PHONE (cell)__________________________________________

                (home)_________________________________________

EMAIL ADDRESS_________________________________________________