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Consignment Agreement FAQs
If you want someone to sell something on your behalf, a Consignment Agreement puts it in writing. A Consignment Agreement grants a person (known as the "consignee") the right to sell certain merchandise owned by the "consignor." A Consignment Agreement is a useful way to establish how the sale of merchandise will work.
Making a Consignment Agreement online is simple using the Rocket Lawyer Consignment Agreement template and document builder. You will answer a few questions, and a customized document will be created just for you. You may want to review these questions before you start your document:
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A Consignment Contract, or Consignment Agreement, will typically cover the following details:
Consult an attorney if your situation presents unusual or more complicated circumstances.
Consignment payment terms define how and when payments will be made to the consignor. The payment terms can include how payments will be made, the frequency of payments, and what day of each payment period will payments be due.
The answer to this question depends on factors such as the store's overhead, the value of the item(s), clientele, etc. On a high level, the typical consignment split allocates 60% of the sales proceeds to the consignor and 40% to the consignee.