This Consignment Agreement (the “Agreement”) states the terms and conditions that govern the contractual agreement between
CONSIGNOR, located at
ADDRESS (the “Consignor”) and
CONSIGNEE, located at
ADDRESS (the “Consignee”) who agree to be bound by this Agreement.
WHEREAS, the Consignor owns right and title to the items described on Exhibit A attached hereto (the “Consigned Items”), and the Consignee desires to take possession of the Consigned Items with the intention of selling it to a third party.
NOW, THEREFORE, in consideration of the mutual covenants and promises made by the parties hereto, the Consignor and the Consignee (individually, each a “Party” and collectively, the “Parties”) covenant and agree as follows:
The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement.
The minimum price at which the Consignee may sell the Consigned Items shall be
AMOUNT (the “Minimum Price”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement had the Consigned Items been sold for the Minimum Amount.
The Consignee shall be entitled to PERCENTAGE of the full purchase price of the Consigned Items (the “Consignment Fee”).
Within NUMBER of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Fee.