Consignment is a business in which owner of goods or any other objects offer his goods to an individual or a company for sale on percentage. Owner of goods called consignee and buyer or receiver of goods known as consignee. They both sign a contract before making any deal that is called consignment contract and the format which is used to prepare is called Consignment Contract Template or consignment agreement template. A consignee may take goods from consignor for resale purpose or for personal use against the payment mentioned in contract. This document identifies all terms and conditions of consignment, such as information about goods, transfer of goods, price, payment and instalment duration etc. A consignment contract template protects the goods and payments from consignee and it can also secure the reward of consignee that mentioned in contract briefly. It must be in written format. It is mostly used by companies and organizations.
Here are few things that you must know about a consignment contract. A consignment contract, after acceptance from both or all parties cannot be put aside by all or any party. There are terms and conditions which govern the performance of contract. In case of any dispute, all parties can reach to someone as declared by contract to make decision on behalf of them. Moreover, the burden of proof is the duty of complaining party. There are circumstances where affecting party didn’t proof the violation made by other party and have to bear the aftereffects. Therefore, it is very critical to view the contract thoroughly to avoid any possible loss due to terms and conditions. We are presenting consignment contract template with the view to help you in deciding what layout and terms and conditions you must choose to stay safe.