Consignment Inventory Transfer Agreement
This Agreement ("Agreement") is made and entered into as of
by and between:
Consignor:
Address:
Consignee:
Address:
1. Consignment Inventory
The Consignor hereby transfers the following inventory to the Consignee on a consignment basis:
2. Term
The term of this Agreement shall begin on
and shall continue until terminated in accordance with this Agreement.
3. Title and Risk
- Title to the consigned inventory remains with the Consignor until sold by the Consignee.
- Risk of loss or damage passes to the Consignee upon receipt of the inventory.
4. Responsibilities of Consignee
- Store and safeguard the inventory.
- Keep accurate records of sales and inventory.
- Remit payment to the Consignor for all sold items as agreed.
6. Termination
Either Party may terminate this Agreement upon
days notice. Upon termination, unsold inventory must be returned to the Consignor within
days.
7. General Provisions
- This Agreement constitutes the entire agreement between the Parties.
- Any amendments must be in writing and signed by both Parties.