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- Agreeing to be responsible for any and all damages. - Consignors total liability limited to an amount lower than the retail value of property. - Responsibility for Consignor or another parties bad acts. - Forfeiting the right to make compensation claims against the Consignor.
The consignee has the obligation to sell the merchandise they receive from the consignor after they have agreed on the percentage each party will receive for the sale. If the consignee cannot sell the merchandise, it is returned to the consignor. Each party gains some advantage from the Consignment.
A consignment agreement is a contract between the consignor and the consignee, and should include these basic provisions: Parties. Provide the names and addresses of the consignor and the consignee. Item(s) for sale. Pricing. Payment. Expenses. Record-keeping. Ownership. Insurance.
Consignment is a type of contract in which the consignor delivers the goods to the consignee for sale. The consignee takes care of the goods and sells them. Until the goods are sold, the consignor does not lose ownership of the goods. After the sale, the consignee pays the consignor a certain amount of sale proceeds.
Consignment is an arrangement in which goods are left with a third party to sell. The party that sells the goods on consignment receives a portion of the profits, either as a flat rate fee or commission. Selling via a consignment arrangement can be a low-commission, low-time-investment way of selling items or services.
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The consignee has the obligation to sell the merchandise they receive from the consignor after they have agreed on the percentage each party will receive for the sale. If the consignee cannot sell the merchandise, it is returned to the consignor. Each party gains some advantage from the Consignment.
The Consignee may terminate this Agreement at any time and for any reason by providing 30 days advance written notice and by returning to the Consignor all the unsold merchandise that is the subject of this Agreement.
Artist hereby consigns to Gallery, and Gallery accepts on consignment, those artworks listed in The Artwork Consignment Inventory (attached). Gallery shall not permit the Artworks to be used for any other purposes than exhibition and sale without the consent of Artist.

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