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Official - Consignment Contract

About The For example, a sculptor may use a gallery to sell his work -- with the understanding that, if it sells, the gallery receives 50 percent of the proceeds. If the goods are sold, the seller will receive a fee (usually a percentage of the purchase price) and the original owner will receive the rest of the money

Or a homeowner may leave used furniture with a resale shop, which might keep one-third of the sale price. A consignment contract lets owners of goods hand them over to another person, who will then attempt to sell the goods. Additional Technical Support FAQs If the goods are sold, the seller will receive a fee (usually a percentage of the purchase price) and the original owner will receive the rest of the money. For example, a sculptor may use a gallery to sell his work -- with the understanding that, if it sells, the gallery receives 50 percent of the proceeds. This contract details the specifics: the goods consigned, percentage of the purchase price the owner will receive, termination of consignment -- and more.

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Official - Consignment Contract

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Official - Consignment Contract
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