What is generally included on a merchandise consignment agreement?


Quick Answer

Details included in a merchandising agreement include consignees commission, a deadline of selling the goods and treatment of unsold goods, according to Rocket Lawyer. The agreement also stipulates that the consignor retains ownership of the unsold goods and the independence status of the consignee, according to FindForms.com.

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Full Answer

In a merchandise consignment agreement or a consignment contract, the consignor grants the consignee the right to sell goods owned by the consignor, explains Rocket Lawyer. The agreement outlines the rules of engagement between the two parties. The consignee retains a commission calculated as a percentage of the merchandise selling price. A consignment contract is binding on both parties.

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