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What should be included in a consignment contract?
The contract should include the information for both parties, including contact information. Specific information about the goods should also be included, such as where the commodities will be stored, the sales price, what to do with the unsold goods, and what the consignee's fee is for each item.
What is a consignment stock agreement?
A consignment agreement is an agreement between a consignee and consignor for the storage, transfer, sale or resale and use of the commodity. The consignee may take goods from the consignment stock for use or resale subject to payment to the consignor agreeably to the terms bargained in the consignment agreement.
What is the average consignment percentage?
Consignment percentages can vary, and there may be room to negotiate, but a typical consignment split is: 60 percent to the craft artist. 40 percent to the retailer.
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