Get the free (initial) CONSIGNMENT TERMS

Revised: 3/1/15 TRADING PLACES CONSIGNMENT AGREEMENT 4018 Powell Rd * Powell, OH 43065 * (614)7179221 * www.TradingPlacesOH.com Name: Address: City/State/Zip: Email Address: Apt: Date: Phone: Acct#:

How to fill out initial consignment terms

How to fill out initial consignment terms:

1. Start by entering the date at the top of the form. This is the date on which the terms will become effective.
2. Provide the name and contact information of the consignor, who is the person or company sending the goods on consignment.
3. Include the name and contact information of the consignee, who is the person or company receiving the goods on consignment.
4. Specify the details of the consigned goods, such as their description, quantity, and any relevant identification numbers.
5. Determine the consignment duration, which is the period during which the consignee will have the right to sell the goods.
6. Define the pricing and payment terms, including the consignee's commission or fee for selling the goods and how payment will be made to the consignor.
7. State any special conditions or restrictions for the consigned goods, such as whether they can be returned or discounts that may apply.
8. Consider including provisions for insurance coverage, particularly if the consigned goods are of high value.
9. Clearly outline the rights and responsibilities of both the consignor and consignee to ensure a mutual understanding and a smooth consignment process.
10. Review the completed initial consignment terms form carefully before signing and dating it.

Who needs initial consignment terms:

1. Individuals or companies who are planning to send goods on consignment can benefit from having initial consignment terms in place. These terms provide a clear understanding of the rights and obligations of both parties involved in the consignment process.
2. Similarly, individuals or companies who are planning to receive goods on consignment can also benefit from having initial consignment terms. These terms help establish expectations, pricing, payment terms, and other relevant details for the consignment arrangement.

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What is initial consignment terms?

Initial consignment terms refer to the terms and conditions agreed upon between a consignor and a consignee for the transportation and delivery of goods.

Who is required to file initial consignment terms?

The consignor is required to file the initial consignment terms.

How to fill out initial consignment terms?

Initial consignment terms can be filled out by detailing the specifics of the agreement including the description of goods, quantity, delivery dates, payment terms, and any special conditions.

What is the purpose of initial consignment terms?

The purpose of initial consignment terms is to establish clear guidelines and expectations between the consignor and consignee for the shipment of goods.

What information must be reported on initial consignment terms?

The initial consignment terms must include details such as the names and addresses of the consignor and consignee, description of goods, quantity, payment terms, delivery dates, and any special conditions.