Consignment Contract

 

 

 

 

Consignor: _________________________________________________________

 

Address:  __________________________________________________________

 

Email:  ____________________________________________________________

 

PH: _______________________________________________________________

 

 

Consignee:

Address: 874 Green Bay Rd, Suite 110

Email: Melisa@Iamthecarterprojekt.com

PH: 847.306.9445

 

IN Consideration of their mutual covenants, the parties agree as follows:

 

  1. Exclusive Appointment.  Consignee shall have the exclusive right to sell and distribute Consignor’s merchandise throughout _________________________________________, territory, during the term of this Agreement.

 

  1. Delivery of Merchandise. Consignor shall deliver to Consignee, within ___________days after receipt by Consignor of written orders from Consignee, such as quantities of Consignor’s products as Consignee shall require for sale. The products shall be delivered to and shall be held for sale at the Consignors place of business 874 Green Bay Rd, Winnetka, IL 60093, as well as various trunk shows outside of the Lake and Cook County territory. Consignor shall pay for all freight and shipping charges. Consignee is not responsible for lost or damage merchandise.

 

 

  1. Sale of Merchandise. Consignee shall use its best efforts in the sale and distribution of the Consignor’s merchandise throughout the territory stated above. All sale prices should be in collaboration with the Consignor. Consignee shall not sale Consignors merchandise at less than the authorized prices.  The Consignee will provide a google drive, which reflects the agreed upon price range discussed at time of delivery. All sales are made via credit card.  Consignor agrees to pay 50% of all credit charges involved with payment processing.

 

  1. Consignment Rate. Consignee reports a 50/50% split on all garments sold at the above address. Consignee reports a 60/40% split on all sales outside of the address above.  All items sold via third party sites: Poshmark, Mercai, Ebay are subject to a 20% fee.  Consignee will distribute 50% of the gross after the 3rd party fee is deducted from the sale.

 

  1. Accounting and Payment. No later than 45 days after the item has sold. Consignee will furnish Consignor with a monthly statement itemizing all sale transactions during the preceding month involving Consignor’s products and providing an inventory of such products at the close of each month. These items will be displayed in a google drive that will be maintained by the Consignee.  With the monthly statement Consignee shall remit to Consignor all monies received by him from the sale of Consignors products. All items are paid out within 45 days after the item/s has sold.  Items are paid electronically via an ACH Zelle Transfer.  In any event, the client does not own a Zelle account, the Consignee will distribute a certified check for the charge of $12.  All lost or stolen checks are subject to a $25 replacement fee.

 

  1. Title to the Merchandise. Title to the merchandise consigned by the Consignor will remain under the Consignor until such products are sold by the Consignee in the regular course of business. All items are consigned at risk and the Consignee is not responsible for shortages of stock, damages or loss of Consignor’s inventory.

 

  1. Return of Merchandise. Consignee may at any time return items back to Consignor. The Consignor is responsible for any items that need to be shipped or delivered.  Any items that are not picked up within 14 days of request will be subject to a non-refundable storage fee, $20 a day, which is charged to the credit card left on file.

 

  1. Use of Consignor’s Name. Consignee is authorized to use the Consignors name in PR Marketing and social media.

 

  1. This agreement may be terminated by either party on 30 days’ written notice to the other.  The proper accounting and payment between the parties shall be made 45 days within the set date of termination and on such date, Consignee shall deliver of the Consignors possessions.  All items not retrieved after request are subject to a storage fee of $20 a day.  This fee will automatically be charged to the credit card provided by the Consignor at the start of this contract.

 

 

  1. Assignment and Modification. This agreement is not assignable and any attempted assignment shall be null and void and of no effect. Any modifications to this agreement will have to be presented in writing by the Consignor to the Consignee.

 

  1. This Agreement should be construed according to the Laws of the State of Illinois. The right of either party to require strict performance by the other hereunder shall not be affected by any previous waiver, forbearance, or course of dealing.

 

 

 

Agreed by the Parties and Executed at ______________________________________________,

 

on this day of _________________ of  20 _______.

 

 

Consignor: ____________________________________________________________.

 

 

Consignee:   ___________________________________________________________.